FDI can be an important channel for developing countries’ ability to get access to new technology. The impact of FDI on domestically-owned firms’ technology development is less examined but it is frequently argued that technology externalities or demonstration effects could have a positive...

This paper examines the effect of FDI on job creation in the Chinese manufacturing sector. As one of the world’s largest recipients of FDI, China has arguably benefited from foreign multinational enterprises in various respects. However, one of the main challenges for China, and other...

The electronic and optical properties of Mn-doped 3C-SiC films are investigated by the first-principles calculation. The structure of Mn-doped 3C-SiC is modeled by substituting Mn atom for C or Si atom in 3C-SiC lattice. The results suggest that Mn-C and Mn-Si bonds can exist in the Mn-doped...

A new method is developed for synthesizing Ti4O7 supported Ru@Pt core–shell catalyst (Ru@Pt/Ti4O7) through pyrolysis followed by microwave irradiation. The purpose is to improve the Ru durability of PtRu from core–shell structure and strong bonding to Ti4O7 oxide. In this method, the first...

In the process of setting operational targets to achieve sustainable development of economy, environment and natural resources, estimation of potential energy saving and potential CO2 emission reduction becomes extremely important. This estimation can be conducted based on the energy efficiency...

The extent of competition in product markets is an important determinant of economic growth in both developed and developing countries. This paper uses the 2008 vintage of the OECD indicators of product market regulation to assess the extent to which China’s regulatory environment is...

Trade in securities markets is conducted by agents acting for principals, using "mark-to-market" contracts whereby performance is assessed using security market prices. We endogenize contract choices, information production, informed trading, and security price informativeness. But there is a...

We study an infinite-horizon Lucas tree model where a manager is hired to tend to the trees and is compensated with a fraction of the treesʼ output. The manager trades shares with investors and makes an effort that determines the distribution of the output. When the manager is less (more)...

parameters optimal; for other parameters, strictly positive rates (inflation above the Friedman Rule) are optimal.