China's leading position in high-tech exports is a myth created by outdated trade statistics, which are inconsistent with the trade based on global supply chains. Assembled high-tech products, made with imported key parts and components, accounted for 82% of China's high-tech exports. Current...

In the late 2000s, the world grain markets experienced severe turbulence with rapid crop price rises caused by bad crops, oil price hikes, export restrictions, and the emergence of biofuels as well as financial speculation. We review the impacts of the first four real-side factors using a world...

The existence of localized knowledge spillovers found by Jaffe, Trajtenberg and Henderson (1993) has recently been challenged by Thompson and Fox-Kean (2005). To settle this debate, we develop a new approach by incorporating their concepts of control patents into the distance-based test of...

This paper provides a case study of the Ethiopian flower export industry which successfully emerged at time when the EU market (main destination) was already characterized by increasingly stringent standards and delivery requirements. Entering this market required a multitude of capabilities at...

During the violence following the 2007 presidential election in Kenya, it has been reported that around 1,000 people were killed and over 500,000 people were displaced. In this paper, we investigate the root causes of the violence by using a panel survey of 295 rural households living Rift...

Although there are many studies on the environmental Kuznets curve, very few of them address municipal solid waste cases, and there is still controversy concerning the validity of the waste Kuznets curve hypothesis. In this paper, we provide empirical evidence for the waste Kuznets curve...

In industrial clusters, transaction costs are kept low and free riding is discouraged by a community mechanism developed through dense and repeated interactions among entrepreneurs. In such environments, new entrants without established reputations and connections are put at a distinct...

In DEA, we have two measures of technical efficiency with different characteristics: radial and non-radial. In this paper we compile them into a composite model called “epsilon-based measure (EBM).” For this purpose we introduce two parameters which connect radial and non-radial models....

In Appreciation and Interest Irving Fisher (1896) derived an equation connecting interest rates in any two standards of value. The original Fisher equation (OFE, 1896) was expressed in terms of the expected appreciation of money (the real return on money) whereas the ubiquitous conventional...

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