We analyse Italy's growth pattern from 2001 to 2019 using the demand and growth regime categories proposed in the post-Keynesian tradition and recently adopted in the comparative political economy (CPE) literature. We argue that Italy followed an export-led recovery strategy after the Global...

Policy choices often entail trade-offs between workers and consumers. I assess how foreign competition changes the consumer welfare and domestic employment effects of a merger. I construct a model accounting for demand responses, endogenous product portfolios, and employment. I apply this model...

In a world of technological and economic rivalry, the EU must devote increased attention to its competitiveness. Higher levels of competitiveness will help the EU build a more prosperous economy which will in turn produce innovation and resources to address the great challenges of our time....

Small and medium-sized enterprises (SMEs) play an important role in economic and development growth, particularly in developing countries. Their success depends on the expansion of their markets across borders, based on the strategies adopted, in which differentiation strategies and positional...

The active spread of COVID-19 and the resulting containment measures have made it clear that both supply and demand and global production networks are facing unprecedented shocks and disruptions. Accordingly, this has resulted in an urgent need to investigate countries' competitive situation...

The author examines competition prospects in the regulated market of a selected EU country to investigate specific policy choices. Under full market regulation, the actors have the exclusive right to deliver economic transactions. (1) Literature review: The theoretical part starts with the...

Cinnamon is one of the plantation spice commodities that contributes to the Indonesian economy. Indonesia is the largest exporter country in the world regarding the total export volume of cinnamon, but regarding the total value of exports, Indonesia comes in second after Sri Lanka. This study...

Dynamic pricing is often complicated by strategic customer behavior. One tactic utilized by retailers to counter strategic customer behavior is to adjust prices in an unpredictable manner. This phenomenon has been studied in the Markovian pricing literature in single-retailer settings. In this...

Korea’s industrial robot sector is now the world’s fifth-largest, aided by systematic and consistentgovernment policy over the past decade. It is still heavily reliant on imports for key parts however,and the industry is fragmented, consisting of many small and medium enterprises (SMEs) in...

3D printing is a new manufacturing method used to make customized products that is also instrumental in driving manufacturing innovation. The global market for this technology has expanded rapidly thanks to a sharp increase in industrial applications. However growth of the Korean 3D printing...

With the COVID-19 pandemic accelerating digital transformation, demand for 5G networks is soaring. 5G networks are an indispensable part of infrastructure supporting immersive content, self-driving technologies, the Internet of Things (IOT), remote services, and smart manufacturing....

Adopting an appropriate competitive strategy by any firm is a crucial issue since it determines the approach the firm has to follow in order to achieve sustainable competitive advantage.The objective of this research work is to find out the best-practice competitive strategy in order to be...

This paper examines the impact of trade liberalization on firms’ product and labor market power. We estimate the prevalence and intensity of price-cost markups and either wage markups or wage markdowns, taking the dependence between these model-consistent measures of product and labor market...

Using China’s regional carbon market pilots as a natural experiment, we examine the impacts of the emission trading system (ETS) on firms’ innovation and competitiveness. We show that the ETS directs innovation towards climate-friendly technologies; it increases the climate patent ratio by...

While it is often argued that exchange rate depreciation has a beggar-thy-neighbour effect, in this paper, we investigate, whether exchange rate depreciation has a beggarthyself effect. Specifically, we explore the distributional consequences of Exchange rate movements. Using a heterogeneous...

The high and increasing cost of natural disasters around the world motivates a growing body of literature on the role of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and private natural disaster insurance markets in the United...

In this report, we analyse the international competitiveness of the EU in four industry groups over the period 1995-2018. The groups are delineated by specific factor intensities, where these intensities are assessed from digital tasks performed by labour services and ICT capital stocks. The...

The measures of revealed comparative advantage (RCA) with multiplicative specification and dependency on world trade of export items are incomparable across time and places. Intra-country comparisons by Balassa RCA and its variants are problematic, calling for a method of aggregating RCA of all...

Using unique information on firm level domestic outsourcing of manufacturing jobs by Indian firms, we propose two channels and their interaction as determinants of the fragmentation of production: import competition and labor market regulation. We find that greater import competition from China...

Subsidies take many forms, including direct government expenditures, tax incentives, equity injections, soft loans, government provision of goods and services and procurement on favorable terms, and price supports. This is the dual facet of subsidies: while they are important tools for achieving...

In dieser Studie wird die technologische Leistungsfähigkeit Deutschlands im internationalen Vergleich untersucht. Sie zeigt, dass die deutsche Wirtschaft relativ stark auf die FuE-intensiven Industrien und wissensintensiven Dienstleistungen spezialisiert ist. Dies verdankt sie vor allem der...

In dieser Studie wird die technologische Leistungsfähigkeit Deutschlands im internationalen Vergleich untersucht. Sie zeigt, dass die deutsche Wirtschaft relativ stark auf die FuE-intensiven Industrien und wissensintensiven Dienstleistungen spezialisiert ist. Dies verdankt sie vor allem der...

Over the past three decades, antitrust laws have proliferated across the globe. International institutions and governments have promoted antitrust policy as an important regulatory tool to enhance economic performance. At the same time, we have scant empirical evidence on whether these policies...

We analyze the role of trade credit and financial frictions in the propagation of international trade shocks along the supply chain. First, we show empirically that exposure to import competition from China increased the use of trade credit in the U.S. Then, we use a multi-country input-output...

Since the end of WWII, the United States was the leading force globally for free trade. Since the early 1980s, it was also the leading force for laissezfaire economics, promoting the “Washington Consensus” of limited government and free markets, both at home and abroad. That era has...

Export is a main driver for economic growth. Korean economic development has heavily depended on trade expansion. However, recently Korea economy has experienced sluggish exports. To regain economic vitality, Korea has to find out ways to expand exports. For this purpose, Korea needs to keep a...

Objective: This study aimed to investigate the role of knowledge management orientation (KMO) in small and medium-sized companies (SMEs) as a driver of competitive position, with customer orientation and participation in international networks as mediating variables. Research Design & Methods:...

McGrath introduced a new strategic perspective based on the concept of transient competitive advantage by taking into consideration that changes are intrinsic features of nowadays economy. Her concept differs from traditional strategic ones, which are based on market's stability and inertia....

Ever since the rivalry between America and China flared up during President Trump’s term in office, the question has been raised about the extent that a situation could develop in which the rivalry between established and new power could lead to a conflict that would exhaust both. The article...

Firms, especially Chinese manufacturing firms, invest significant resources in innovation activities to sustain their position in the intensifying competitive environment. However, innovation efficiency has led to growing concerns due to the rapid increase in R&D expenditures. The purpose of...

Die Studie schreibt Indikatoren zur Qualifikationsstruktur der Erwerbstätigen, zur hochschulischen Bildung sowie zur individuellen und betrieblichen Weiterbildung fort. Bei der Qualifikationsstruktur der Erwerbstätigen zeichnet sich Deutschland im internationalen Vergleich durch einen eher...

This paper advances a dynamic rationale for competitiveness policy that focuses on an economy's ability to evolve in order to achieve high real incomes along with desired qualitative changes in the socio-economic system. It highlights that the ubiquitous 'rationalities of failure,' either of...

The article is a contribution to the evolving field of competition research. More precisely our paper provides a comprehensive typology of the different ways competitization is and has been studied across different disciplines and research programs. The article goes beyond a classical literature...