according to the literature, economic liberalization is an important factor affecting the intra industry trade (iit). present paper is trying to examine the positive effect of economic liberalization on iran’s iit as well as to review the effectiveness of important components of economic liberalization including privatization, trade liberalization, exchange rate liberalization and financial lib...

This study aims at empirically investigating whether technology incubators help academic high-tech start-ups to establish collaborations with other organizations, thus increasing the competitiveness of these firms. In doing so, we take into account the specificities of academic hightech start-ups with respect to their non-academic counterparts. We compare the effects of incubation on academic a...

The industry – and primarily its processing sector was remains the leading economic activity, which can be evidenced by intensified reshoring processes in developed EU countries. However, competitiveness or enduring ability to withstand competition due availability of appropriate potential, realized only if a high level efficiency is achieved. This largely depends on existing structural paramet...

In this paper, we use a semi-parametric two-stage model to examine the effect of bankspecific, industry-specific and macroeconomic determinants of bank efficiency. This method, proposed by Simar and Wilson (2007), relaxes several deficiencies of previous two-stage analyses, which regress non-parametric estimates of bank efficiency on exogenous determinants. In particular, we propose a bootstrap...

This note argues about a central analytical inconsistency of Ericson and Pakes (1995). Notwithstanding the explicit claims of the article, the formal hypotheses employed there imply that a firm’s investments do not affect both the evolution of this firm and the dynamics of the whole industry. JEL Classification Numbers: C62, D57, E13, L11.

This paper examines how an industry’s productivity is changed by inward FDI occurring in affiliated downstream industries those buying from the focal industry. While controlling for FDI into the focal industry, I find that FDI in downstream industries has a significant negative influence on U.S. manufacturing industries in 1987-1991. Downstream FDI reduces productivity by lowering the demand fo...

This article develops a real options model to study the interaction of industry structure and takeovers. In an asymmetric industry equilibrium, firms have an endogenous incentive to merge when restructuring decisions are motivated by operating and strategic benefits. The model predicts that (i) merger activities are more likely in more concentrated industries or in industries that are more expo...

This paper identifies a flaw in the infant industry argument that previous literature has ignored. A simple model first replicates the infant industry logic but subsequently shows that, in the presence of a ‘traditional technology’ with poor growth potential, the infant-industry logic is likely to fail. Under protectionism domestic producers substitute advanced technologies with the low-growth ...

According to the “smooth adjustment hypothesis”, the labour-market adjustment costs entailed by trade liberalisation are lower if trade expansion is intra-industry rather than interindustry in nature. In this paper, we study the link between trade and labour market changes in UK manufacturing industries during the 1980s. We use industry-level measures of unemployment duration and wage variabili...

The Patentatlas by Greif and Schmiedl (2002) represents an important source for patent data in Germany. Its use for industry-specific studies is however problematic because the correct assignment of patent data classified by technological fields to commonly used industry classifications is unclear. This paper presents an application-oriented approach to this issue. In using industryspecific R&D...