The paper examines the impact of the income distribution in a less-developed country (LDC) on its patterns of trade, through its influence on home market demand patterns. In a learning-by-doing model with nonhomothetic preferences, the authors show that import substitution under low inequality...

We build a model consisting of a borrowing firm, a lending institution (bank), and a third party influencing loan decision-making (auditor/government regulator) where a low-type firm can bribe the auditor to file an untruthful report about its true type so as to obtain a loan from the bank to...

This paper empirically traces out the impacts of corruption on government revenue. The total amount of government revenue decreases as corruption reduces tax revenues if it contributes to tax evasion, improper tax exemptions or weak tax administration. In addition, corruption may distort the...

Korean Abstract: 본 연구는 OECD 국가간 자료를 이용하여 20세기 말부터 급속히 진행되고 있는 세계화 현상과 사회보장지출의 수준 및 수렴현상을 실증적으로 검토하였다. 세계화의 진전은 국가간 경쟁을 심화시켜 구성원 간...

Korean Abstract: 생산량 변동성과 성장 간의 관계를 분석한 선행연구의 결과는 자료의 선택, 분석대상 국 가, 추정방법 등에 따라 매우 다양하며, 그 분석대상이 서구의 산업화된 국가에 집중됐다. 본 연구에서는 1990~2009년...

We examine whether classification shifting is associated with stock price crash risk. We predict that crash risk is positively associated with the reversal of core earnings of the shifters. We find that classification shifting is positively associated with future stock price crash risk even if...

The role of ICT in the economic growth in Korea is a great attraction to the telecommunication society interested in the relationship among ICT, innovation policy and economic growth. However, prior research concentrates on investigating the effect of policy on innovation and economic growth,...

This paper reviews the on-going research trends of the ongoing researches conducted in various disciplines on Massive Open Online Course, or MOOC. The background overview on MOOC is organized descriptively and chronologically from the materials collected from the late 2000s to the current days....