We set up two rival Computable General Equilibrium (CGE) models of world trade, one based on classical theories of comparative advantage, the other based on recent gravity theories. We have tested them by indirect inference on the time-series of trade facts for five major countries or country...

Purpose Mobile taxi booking apps (MTB) have revolutionalized the transportation industry. As taxis can be hired via smartphones, irrespective of any time or place, the business platform for taxi service has completely changed. Now customers are saved from the hassle of going to the designated...

Purpose: This paper aims to examine the effect of innovation-driven polices on innovation efficiency of sport firms listed on the new Third Board in China. Design/methodology/approach: Firm innovation efficiency, including comprehensive innovation efficiency, pure technical efficiency and scale...

Purpose: This paper aims to present a complete relative pose error model for robot calibration, considering both the relative distance error and the relative rotation error of the robot end-effector, which can improve calibration accuracy. Design/methodology/approach: In this paper, the...

Purpose: This study investigated the effectiveness and applicability of China’s innovation-driven policies on encouraging sports firms to invest in research and development (R&D) activities. Design/methodology/approach: Through a series of multiple linear regression models, this study...

Public pension plans in the U.S. are seriously underfunded, especially following the financial market crisis of 2008-2009 which resulted in large investment losses. However, funding levels vary widely across plans. Pension boards of trustees make key management decisions in pension systems and...

There is significant variation in the way state-administered pension systems are structured in the United States. Some states, for example, consolidate their pension activity into a few larger systems while others sponsor several smaller ones. In this paper we (1) identify arguments in favor of...