This article aims to investigate empirically the influences of concentration, exports, and exchange rate on industry profitability in a small open economy, in Taiwan. Developing a simple theoretical framework and utilizing panel data of four-digit manufacturing industries over the period 1986-96...

Although the location theory of industry has received much attention in the literature, Hsu (1997) has demonstrated that the theory developed to date is not applicable to an agroindustry, that is, the industry of processing the agricultural product. Recognizing that the complete analysis of Hsu...

This paper attempts to examine the validity of the exclusion theorem on a line under a stochastic environment in a more general context than prior studies. Our analysis shows that there are three key factors determining the intermediate or the corner location to be optimal; namely, including the...