Knowledge is the preeminent resource of a firm. Although many scholars have focused on the firm's knowledge base, few studies have examined the effects of the knowledge base structure—how knowledge elements are linked or separated from each other in clusters—on firm's knowledge-related...

We investigate whether corruption “greases the wheels” of bureaucracies and enhances economic performance. Specifically, we examine the interaction effect of corruption and regulation on the economic performance of manufacturing industries in India. Our estimation results show that the...

I was in charge of participating to the conference related to the United Nations Conference on Trade and Development (UNCTAD) as a mission of the ministry of foreign affairs in the second half of 1980's. At that time, the UNCTAD played a central role on the economic problems of the developing...

The flow of foreign direct investment (FDI) has the effect of shifting trade patterns, especially those of developing countries. With FDI flow growth, vertical intra-industry trade increases as those production-fragmentation-led investments mature. This relation is readily apparent in the...

This paper examines how impatience interacts with inequalities in economic devel- opment. In a society of intrinsic inequality, we show that (i) poor households tend to bene…t more from positive shocks under decreasing marginal impatience (DMI) than un- der constant marginal impatience (CMI)...

The stochastic dominance ordering over probability distributions is one of the most familiar concepts in economic and financial analysis. One difficulty with stochastic dominance is that many distributions are not ranked at all, even when arbitrarily close to other distributions that are....

The empirical literature on household savings tends to treat savings simply as the residual of income minus consumption. This paper takes a unique approach to reconstruct the cash and asset balances using detailed household transaction data on farm households in rural India and generates monthly...

The goal of this paper is to perform an empirical analysis on the impact on shareholder value of corporate environmental initiatives, focusing on the environmental disclosure and its credibility. The authors verified their hypothesis regarding this, which states, "corporations' environmental...