Two main forces coincide nowadays in the characterisation of productive systems. On the one hand, the internationalisation of markets and economic activities has resulted in an increasing competition worldwide and a new and more global division of labour. On the other, the greater complexity of...

The diverse group of middle-income countries (MIC) is composed by some economies with an active behavior in exports of technology-intensive goods that is strictly better than the group average. One of the factors explaining such a result is the improvement of their national technological...

It is generally agreed that foreign direct investment (FDI) flows can contribute to the local upgrading of host economies, whereas the diverse technological strategies of multinational companies (MNCs) can determine the existence and size of spillover effects. When considering FDI entry modes,...

Multinational enterprises (MNEs) have contributed to the productive and technological upgrading of many host economies, whereas discussion about entry modes and developmental effects is far from being concluded. We explore the relative importance of national systems of innovation in various...

The diverse group of middle-income countries (MIC) is composed by some economies with an active behavior in exports of technology-intensive goods that is strictly better than the group average. One of the factors explaining such a result is the improvement of their national technological...

La literatura económica sobre inversión directa extranjera (IDE) en países en desarrollo se centra fundamentalmente en los incentivos que llevan a los productores locales a incurrir en los costes de desarrollo tecnológico requeridos para poder formar parte de la red de proveedores de las...

We illustrate how an information sender may use unverifiable signals regarding a set of substitute products located in an alternative market to manipulate the choices made by uninformed but perfectly rational decision makers (DMs) within the verifiable market where the information sender...

This paper provides a formal justification for the existence of subjective random components intrinsic to the outcome evaluation process of decision makers and explicitly assumed in the stochastic choice literature. We introduce the concepts of admissible error function and generalized certainty...

The literature on bank runs reduces all coordination mechanisms triggering attacks on banks to exogenous sunspots. We present a general equilibrium version of these models where the uncertainty faced by depositors is modeled explicitly, such that bank runs arise as optimal equilibrium outcomes...