In this paper we investigate the economic integration - industrial specialization nexus and unravel the relationship between trade and financial openness and industrial specialization. For a panel of 31 countries over the period 1970 to 2005, we find that trade integration relates negatively to...

Asset pricing models have largely overlooked the role of labor income dynamics despite it representing two thirds of disposal income. In this paper, we solve a general equilibrium model which can both rationalize important feature of labor markets as well as financial markets. To this end, we...

In this paper we investigate the economic integration - industrial specialization nexus and unravel the relationship between trade and financial openness and industrial specialization. For a panel of 31 countries over the period 1970 to 2005, we find that trade integration relates negatively to...

This paper examines the dynamics and possible effects of transnational private certification of labor standards in Chinese export-oriented consumer products industries. Drawing on interviews with various relevant actors in Guangdong, Shanghai, and Beijing and a survey of manufacturing firms in...

The rapid rise of China to become the world‘s largest automobile producer and market (surpassing the United States) in the midst of global economic crisis made newspaper headlines at the end of 2009. Despite the extensive interest in the booming auto industry, little attention had been paid to...

Harsh environments, such as nuclear power plants, cause a need of materials development towards the stability of its properties under radiation/bombardment conditions. In this work, a bulk High Entropy Alloy (HEA) was implanted with nitrogen ions accelerated with 50kV voltage to induce and study...

We selectively survey, unify and extend the literature on realized volatility of financial asset returns. Rather than focusing exclusively on characterizing the properties of realized volatility, we progress by examining economically interesting functions of realized volatility, namely realized...

We selectively survey, unify and extend the literature on realized volatility of financial asset returns. Rather than focusing exclusively on characterizing the properties of realized volatility, we progress by examining economically interesting functions of realized volatility, namely realized...

We selectively survey, unify and extend the literature on realized volatility of financial asset returns. Rather than focusing exclusively on characterizing the properties of realized volatility, we progress by examining economically interesting functions of realized volatility, namely realized...

A large literature over several decades reveals both extensive concern with the question of time-varying betas and an emerging consensus that betas are in fact time-varying, leading to the prominence of the conditional CAPM. Set against that background, we assess the dynamics in realized betas,...