We consider a risk-averse firm’s decision problem of investing in Industry 4.0 under supply chain risk. Industry 4.0 yields to the firm the advantages of competence and capability building for managing supply chain risk. Using a mean-variance decision-theoretic model, we examine the...

We consider a risk-averse firm’s decision problem of investing in Industry 4.0 under supply chain risk. Industry 4.0 yields to the firm the advantages of competence and capability building for managing supply chain risk. Using a mean-variance decision-theoretic model, we examine the...

How would accessing foreign markets affect risk exposure of manufacturing firms? Producing for and selling specific goods to foreign markets (exports) require specialized attention. For example, manufacturing firms are exposed to idiosyncratic shocks in their global supply chains, such as...

This note shows that in a developing economy, agriculture and Special Economic Zones (SEZ) can grow simultaneously without affecting one another if an appropriate subsidy policy is designed by the government. We consider increasing returns brought about by external economies of scale in the...

Motivated by a set of stylised facts based on provincial data for India, this paper investigates the incidence of urban poverty by modelling the impact of technological progress in the formal sectors of the economy on the urban informal wage in a four-sector general equilibrium framework with...