This paper examines welfare implications of technological progress in the new trade model with monopolistic competition. Our result shows that labor-augmenting technological progress turns the terms of trade against the growing country while capital-augmenting technological progress shifts them...

We estimate the consumer price index (CPI) bias in Korea by employing the approach of Engel's Law as suggested by Hamilton (2001). Using Korean panel data (Korean Labor and Income Panel Study) and following Hamilton's model with a non-linear specification correction, our estimation result shows...

Imagine you are running a marathon. You started at a nice, steady pace, but the speed just kept increasing. You must compete with the others in the race but they keep sprinting forward. And more and more people keep joining the race. Not only that, but things are now being thrown at you from all...

This study investigates empirically the psychological contract of a sample of 205 Hong Kong junior and senior managers. It determines the perceptions of factors that employers and employees see as relevant to the employment relationship, and then analyses perceptions of and attitudes towards...

This study extends the contention that national culture affects human resource management (HRM) policies and practices and explores meaning and values of work orientation (MVWO) as an element of national culture in predicting HRM policy-practice design choices. The data were obtained in a sample...

This paper examines the roots of Britain's training problem, drawing links with long-standing industrial decline and lack of competitiveness. It is argued that training has considerable strategic importance in this context, but major attitudinal and structural obstacles are restricting the...

Technological, economic and market forces are causing organizations to make radical changes in both their strategy and human resource management (HRM). This study examines the impact of change on computer supplier firms using interviews with 11 personnel directors and executives and three...