This article examines the creation of industrial enterprises and the basic models of firm-level technological learning behaviour of the last 20 years in China. Six case studies of technological learning and links to external sources of know-how from the South of China in the Pearl River Delta...

The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact successive waves of investment have emerged during the eighties and produced a piling-up of productive systems. A wave of small national enterprises and entrepreneurs, a second large...

At the macro-level, economic reform in the PRC since 1978 has led to the implementation of a multi-ownership system. The consequent transformation of Chinese formerly state-owned enterprises (SOEs) has been a major way of improving efficiency and increasing competition. However, the...

I evaluate the welfare effects of the 1997 merger between Boeing and McDonnell Douglas in the medium-sized, wide-bodied aircraft industry. I develop an empirical model of multi-product firms, allowing for both learning-by-doing and product innovation in a dynamic game to quantify merger...

Payments for environmental services (PES) are a promising mechanism for conservation. PES could either provide additional funding for protected areas, pay land users to conserve biodiversity outside protected areas, or both. For PES to work, it requires a secure long-term source of financing....

In this paper, we use data from Guatemala to map areas that are important for the provision of indirect ecosystem services—services whose benefits are enjoyed at some distance from the ecosystem that provides them, such as watershed services (enjoyed downstream) or biodiversity conservation...

We document that hedge funds nurture mispricing in the Chinese financial market. We exploit the relationship between hedge fund holdings and the degree of mispricing in case that hedge fund holdings of stocks are mainly for arbitrage purpose but not for hedging, and that with and without...

We study the impacts of bankruptcy risk on the performance of market-based pollution control policies. In chapter one, we concentrate on emissions trading markets. We find that firms that risk bankruptcy demand more permits than if they were financially secure. Thus, bankruptcy risk in a...

Chinese attitudes toward the treatment of men and women in the workplace reflect two divergent perspectives. The legacy of China's past includes a strong tendency to favor male over female workers, while over the last four decades China's government has vigorously propagated an ideology of...

Leading up to the Outcome Measures in Rheumatology (OMERACT) 10 meeting, the goal of the Worker Productivity Special Interest Group (WP-SIG) was to make progress on 3 key issues that relate to the application and interpretation of worker productivity outcomes in arthritis: (1) to review existing...