We focus on the impact of failing to control for differences in land types defined along toposequence on estimates of farm technical efficiency for small-scale rice farms in eastern India. In contrast with the existing literature, we find that those farms may be considerably more technically...

Economists have debated whether and why the designated hitter (DH) rule in North American major league baseball led to an increase in hit-batsmen. We use data from Japan's professional baseball leagues, the Pacific League (DH rule) and the Central League (no DH rule), to re-examine this...

The purpose of this paper is to investigate the intertemporal linkages between FDI and disaggregated measures of international trade. We outline a model exemplifying some of these linkages, describe several methods for investigating two-way feedbacks between various categories of trade, and...

In this paper we examine the technical efficiency of firms in the iron and steel industry and try to identify the factors contributing to the industry's efficiency growth, using a time-varying stochastic frontier model. Based on our findings, which pertain to 52 iron and steel firms over the...

Post-1990 Chinese monetary policy is modeled with a McCallum-type rule that takes into account the People's Bank of China's emphasis on targeting the rate of money supply growth. People's Bank policy appears responsive to the gap between target and actual nominal GDP as well as to external...

This paper studies the endogenous determination of financial and trade openness. First, we outline channels leading to two-way feedbacks between the different modes of openness; next, we identify these feedbacks empirically. We find that one standard deviation increase in commercial openness is...

This working paper was prepared for the Workshop on 'Transnational High-tech Strategies in a Global World," Institute of Advanced Social and Management Studies, Lancaster, University, United Kingdom, June 2003.

The paper analyzes the networks of U.S. and Taiwan based electronics contract manufacturers in South China, today the world´s most important location for low-cost mass production in the electronics industry. Based on extensive empirical research, the paper traces the production sites, the...

China's WTO accession has major implications on China's massive state-owned enterprise (SOE) sectors. In China, SOEs as a whole generate substantial losses and absorb majority of financial resources, creating increasing risks for financial crisis. This paper argues that China's WTO agreement has...

This paper will be published in Peter and J. Katzenstein and Takashi Shiraishi, eds. Remaking East Asia: Beyond Americanization and Japanization, Cornell University Press. Part 1 introduces a few conceptual building-blocks that we need to capture the interactions between international business...