Intellectual property (IP) protection has been suggested to be essential in protecting innovation in product-dominant companies. However, with the development of service industries, the ineffectiveness in IP protection becomes manifest. Meanwhile, other knowledge protecting methods enable...

This paper examines welfare implications of removing capital outflow restrictions in a country whose financial markets are relatively inefficient in monitoring borrowers. A simple general equilibrium model is developed in which credit is rationed in one of the two production sectors due to...

This paper introduces entrepreneurial selection and imperfect financial markets to the 2x2x2 model of international trade. Entrepreneurs are heterogeneous in ability and borrow from banks who do not observe their ability. The pattern of international trade depends on (1) factor abundance, (2)...

This paper investigates international technology diffusion through trade and patenting in a sample of 48 countries for the period 1980 - 2000. We divide the sample in three income groups to detect different patterns of technology absorption. Our results show that rich countries benefit from...

We investigate trade and financial openness in a small developing country where entrepreneurs need bank financing to operate in an import-competing sector but banks do not observe their ability. This informational asymmetry causes adverse selection of low-ability individuals into...

The regulations on illegal logging issued by EU, USA and Australia etc. affect the international forest product trade which includes China. Based on the questionnaire survey, stakeholder’s interview and field investigation, the paper analyses the Chinese enterprises' response to the trade...

Energy saving and carbon dioxide emission reduction in China is attracting increasing attention worldwide. At present, China is in the phase of rapid urbanization and industrialization, which is characterized by rapid growth of energy consumption. China's transport sector is highly...

The authors (Cason, Friedman and Hopkins, Review of Economic Studies, 2014) claimed that control treatments (using simultaneous matching in discrete time) replicate previous results that exhibit weak or no cycles. After correcting two mathematical mistakes in their cycles tripwire algorithm, we...