Numerous models are proposed to model international trade and promote it. Vanek, instead of designing a trade pattern based on the production, introduced a pattern based on the factor content of trade. In the present study, apart from the Heckscher-Ohlin-Vanek (HOV) theorem, we attempt to determine the factor content of Iran's trade without factor price equalization by using internal input-outp...

Executive Compensation, Firm Performance, and Chaebols in Korea: Evidence from New Panel Data This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm performance ...

Motivated by Feder’s two-sector model concerning exports and growth, this article intends to propose a dynamic framework, which bases on the production function theory and consists of two versions of the two-sector (the financial sector and the real sector) model, for analyzing the interrelation between financial development and economic growth in terms of intersectoral externalities. The appro...

This study investigates the relationships among pollutant emissions, energy consumption and economic development in China during the period 1982-2007 by using one-step GMM-system model under multivariable panel VAR framework, controlling for capital stock and labor force. Regarding the data for all 28 provinces as a whole, we find that there is a unidirectional positive relationship running fro...

There are two divergent perspectives on the impact of subcontracting on firms in the informal sector. According to the benign view, formal sector firms prefer linkages with relatively modern firms in the informal sector, and subcontracting enables capital accumulation and technological improvement in the latter. According to the exploitation view, formal sector firms extract surplus from stagna...

Asian economic regionalism has emerged from a bottom-up process, driven by market forces in the absence of a grand plan for regional integration. While the financial crisis of 1997–98 triggered new regional cooperation initiatives, more recently several Asian political leaders have formulated proposals for the creation of a regional economic community, suggesting the possible start of a top-dow...

Developing countries today face the paradoxical dual burden of malnutrition and obesity. It has been hypothesized that early childhood malnutrition leads to a higher risk of adult obesity, though evidence is mixed. I study the health outcomes and health behaviors of adult men and women who were born during the 1959-61 China Famine. I find that women who as infants were exposed to famine have on...

Confronted by the current global economic crisis, Taipei,China’s economy has suffered much like its neighbors. However, Taipei,China is different from other East Asia economies in several aspects. First, Taipei,China’s industrial organization is dominated by small and medium-sized enterprises (SMEs), unlike the chaebols of the Republic of Korea or the Japanese Kabushiki-gaish. Second, Taipei,Ch...