The purpose of this report is twofold. First, to describe the digitalization of modern manufacturing and U.S. businesses' adoption of digital technologies and identify the implications for policy carried by these trends. And second, to provide recommendations for competition policy in Korea...

Broad trends in the regional dispersion, industrial composition, and source country of foreign investment in manufacturing branch plants over the 1977-1986 period are described. Regression analysis, with states as the unit of observation, is used to investigate the factors important to the...

This paper analyses the most recent WTO Appellate Body (AB) report in a series of disputes between the U.S. and the EU over government support to aircraft manufacturers Boeing and Airbus. The measures under dispute in U.S. – Tax Incentives were investment promotion subsidies provided to Boeing...

Industrial policy is experiencing a major revival in the United States as policymakers and pundits of various ideological backgrounds propose ambitious new government schemes to boost innovation in a wide variety of sectors. Much of this advocacy focuses on creating detailed blueprints to...

Industrial policy is experiencing a major revival in the United States as policymakers and pundits of various ideological backgrounds propose ambitious new government schemes to boost innovation in a wide variety of sectors. Much of this advocacy focuses on creating detailed blueprints to...

Using U.S. and China establishment-level data, this paper studies the dynamic interdependence in industrial activities between the U.S. and China. In a VAR framework, high birth rates of Chinese firms predict same-industry firm exits and lowered employment in the U.S., particularly in the...

The increasing share of renewables in the electricity system results in congestion on all network levels. To address this congestion, the EU Commission proposed that distribution network operators become responsible for local congestion management. Within this paper we analyze the institutional...

In this paper, we conduct an empirical analysis of the effects of residential electricity prices on greenhouse gases (GHG) emissions using a panel dataset that includes annual data on the electricity market and the amount of GHG emitted by all sectors in the 48 U.S. states from 1990 to 2017. We...

This Written Statement presents aspects in China's corporate governance framework, state corporate ownership and control, and the Chinese Communist Party's roles in corporate governance. It was submitted as part of a testimony before the U.S.-China Economic and Security Review Commission,...

Since the end of WWII, the United States was the leading force globally for free trade. Since the early 1980s, it was also the leading force for laissezfaire economics, promoting the “Washington Consensus” of limited government and free markets, both at home and abroad. That era has...