This article investigates in comparative perspective the behaviour and strategies of FDI firms in China from South Korea, the United States, and Hong Kong. The authors compare the firms' motivations for FDI, sectoral distribution of FDI and ownership advantages, corporate governance and...

An output gap measure is suggested based on the Beveridge-Nelson decomposition of output using a vector-autoregressive model that includes data on actual output and on expected output obtained from surveys. The paper explains the advantages of using survey data in business cycle analysis and the...