This paper aims to evaluate IKCF (Inter-Korean Cooperation Fund) based on the ODA/DAC standard. For this purpose, the ODA expenditure in IKCF is investigated, after which the trend for the past 20 years is analyzed. By comparing with the ODA guideline suggested by the DAC, this paper suggests...

Empirical investigations of litigation at the WTO reveal a noteworthy pattern: the majority of disputes settle early, either during consultation, or prior to the issuance of a panel ruling. This is surprising, considering the structure of its remedial regime undermines the system's deterrent...

We study asset pricing within a general equilibrium model where unsecured credit is ruled out, and a real asset helps agents carry out mutually beneficial transactions by serving as collateral. A unique feature of our model is that the agent who provides the loan might have a low valu- ation for...

Empirical investigations of litigation at the WTO reveal a noteworthy pattern: the majority of disputes settle early, either during consultation, or prior to the issuance of a panel ruling. This is surprising, considering the structure of its remedial regime undermines the system’s deterrent...

Using firm-level panel data for Korean multinational enterprises (MNEs), we make a distinction between being the only affiliate of a parent firm and being one of the multiple affiliates of a parent firm. In particular, we attempt to find a correlation between the sales of foreign affiliates and...

Having to comply with the regulations and schemes of a trade environment, it is important for firms to assess the benefits and risks involved with TPP participation. It is the aim of this study to examine to the effectiveness of TPP participation from the perspective of SMEs, focusing on the...

The success of Barack Obama’s 2008 U.S. presidential campaign led politicians and voters to pay attention to social media. Today, social media is an essential tool for political campaigns in most countries. This study focuses on important features of social media, network-mediated human...

In this paper, we study how legal uncertainty affects economic activity. We develop a parsimonious model with different types of legal uncertainty that reduce economic activity and that can be classified as idiosyncratic (i.e., diversifiable) or systematic (i.e., nondiversifiable). We test the...