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This paper contributes an estimation framework to measure both technological and linkage externalities from foreign direct investment (FDI). Empirical research dealt mainly with intra-industry spillovers from FDI with restrictive treatment of inter-industry effects until recently. However, as optimal organization of the multinational corporation (MNC)(More)
Mobile computing has induced a class of killer applications recently by extending the paradigm of parallel and distributed computing across a mobile environment. A very important class of applications involves the location-awareness of a mobile user. Two major issues must be addressed to deliver appropriate services to mobile users. One is the availability(More)
A substantial body of literature has documented impressive total factor productivity (TFP) growth in China's state-owned enterprises (SOEs) during the period of China's enterprise reform. Such growth rates have been used to support the view that China's reforms of SOEs have been highly successful. In this paper, we question the validity of using TFP growth(More)
The hope that lower real interest rates and higher growth would follow the floatation of the Real was in large measure frustrated. Two international liquidity crises, caused by the reversal of capital flows, occurred in 2001 and 2002. These crises were associated with higher interest rates, lower economic activity, and higher inflation. Therefore, the term(More)
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