The end of the 1990’s saw a number of foreign automobile manufacturers become the largest shareholders in several Japanese automobile manufacturers. It seems logical to conclude that a firm only enters into a partial ownership arrangement (POA) if it is profit maximizing. However, research to...

This note examines the effect of per-period communication costs in a model of expanding product variety. It is shown that while a decrease in communication costs leads to growth in aggregate output, this growth is only transitional with the growth rate falling to zero in the long run as the...

We study the effects of regional integration on patterns of production and offshoring in a two-region model of occupational choice and endogenous growth. The distribution of asset wealth and allocation of heterogenous workers into innovation and production determines relative market size. When...

This paper develops a two region model of trade to study the relationship between geographic patterns of industry and economic growth without scale effects. With transport costs, imperfect knowledge diffusion, and perfect capital mobility, firms locate production, process innovation, and product...

This paper investigates the relationship between geographic patterns of industry and economic growth in a two-country model of trade with no scale effect, where productivity growth is generated by firm investment in process innovation. We find that dispersed equilibria with industry located in...

This paper examines the impacts of country-specific network costs that are provided by a capital-intensive communications sector in a two-country two-factor model, where there are two trading sectors, agriculture and manufacturing. It is shown that when firms in the manufacturing sector incur a...

Looks at the kind of technological education and training which will be ecessary to staff the successful companies of the year 2000, concentrating on the recent European Automation and Robotics Training Conference held in London, where a discussion of this subject took place. Topics covered...