This paper provides an empirical analysis of the effect of infrastructure on industry-level productivity and international specialization, as suggested by Clarida and Findlay's (1992) model. Attempting to control for simultaneity with a three-stage least squares estimation strategy, it is found that public infrastructure helps to explain patterns of comparative advantage...
A general equilibrium model of individual specialization is presented in which agents trade off the productivity and price implications of producing a narrower range of goods. Agents with highly specific skills turn out to benefit most from large markets. The model is able to replicate features of the long-term evolution...
Component business models offer a proven approach to driving a specialized focus, both internally and externally. Internally, components help firms rethink the leverage they can achieve with the assets and capabilities they own. Externally, components help firms source specialized capabilities that they cannot feasibly create themselves. Combining these types of...
Economic activity is risky. Returns across economic sectors can be highly variable, potentially causing costly adjustments to consumption. However, when returns are imperfectly correlated across sectors and insurance is unavailable, diversification can reduce the economic impact of shocks. Therefore, despite the well-known efficiency benefits from specialization, the risks of too...
With rampant specialization taking place in all areas of our lives, the information that is available to have increased by a factor of 10,000. If visionary leaders and business decision makers are to do the best for their organizations, it is imperative that they expand their knowledge accordingly. They must...
Advanced Business Process Management BPM tools enable the decomposition of previously integrated and often ill-defined processes into reusable process modules. These process modules can subsequently be distributed on the Internet over a variety of many different actors, each with their own specialization and economies-of-scale. The economic benefits of process specialization...
This paper explores the link between trade structure, trade specialization and per capita income growth. It is argued that industrial upgrading in export specialization patterns has a positive long-run growth effect, while the effect of structural change in industrial import patterns is in principle ambiguous. The results of the dynamic...
The article provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification is limited and productivity is uncertain, investors wish to maintain a diversified industrial structure rather than specializing according to their comparative advantage. Financial globalization then induces...
This paper exploits product-level U.S. import data to test trade theory. Though the U.S. increasingly sources the same products from both high- and low-wage countries, unit values within products vary systematically with exporter relative factor endowments and exporter production techniques. These facts reject factor proportions specialization across products but are...
This paper develops a Schumpeterian model of international specialization and catching-up. In a previous version of the model the author looked at the impact on international trade specialization when different patterns of technological catching-up are followed. One of these is a Gerschenkron pattern at the industrial level, where the largest...
Over the years, specialization has been referred to as "niche" marketing. As more and more businesses get started, the less time, energy, and money people will have to spend in making choices for those with whom they will choose to do business. Consumers will choose when they have a choice...
This paper establishes empirically that specialization in private-market corporate lending exists, adding a new dimension to the public vs. private debt distinctions now common in the literature on debt contracting and financial intermediation. The central theme of this research consisted in the paper concerns why, and to what degree, private...
12/27/2000 Daily Press Briefing The State Department web site below is a permanent electronic archive of information released prior to January 20, 2001. Please see www.state.gov for material released since President George W. Bush took office on that date. This site is not updated so external links...
12/20/2000 Daily Press Briefing The State Department web site below is a permanent electronic archive of information released prior to January 20, 2001. Please see www.state.gov for material released since President George W. Bush took office on that date. This site is not updated so external links...
From MINOX MINOX has opened a whole new world for hunters and outdoorsmen with the introduction of the all new DCM digiscoping system--a digital camera, video, monitor and eyepiece all combined in one compact unit. Fitted to a quality spotting scope, the DCM Digital Camera Module provides a...
[ILLUSTRATION OMITTED] Q: Has GUNS ever covered the loading of shot cartridges for handguns, specifically .38 Special, .44 Magnum and .45 Colt? Roger Shoemake Fishers, Indiana A: We haven't covered loading shot charges in recent memory. Sounds like a job for John...
With ammo prices going so suddenly and steeply upward, .22 caliber "understudy" practice guns make more sense than ever. Jan Stevenson, my predecessor as handgun editor for this magazine, once wrote a great article on .22 caliber "understudy guns," or handguns that duplicated their larger caliber versions, but shot low-priced...
Collarity, a leader in integrated on-sitebehavioral segment targeting for web publishers, today announced that ithas been chosen by AlwaysOn as one of the AO Global 250 Winners. Inclusionin the AO Global 250 signifies major developments in the creation of newbusiness opportunities in the global technology industries. Collarity wasspecially selected...
Researched by Industrial Info Resources(Sugar Land, Texas) -- Biodiesel start-up Terra Bioenergy LLC (Liberty,Missouri) held a groundbreaking ceremony on July 16 to mark the officialstart of construction of its new biodiesel plant in Saint Joseph, Missouri.Dirt work and site preparation began on the project in early June, but badweather that...
Researched by Industrial Info Resources(Sugar Land, Texas) -- After a series of unplanned maintenance shutdowns,especially after a strike staged by truck drivers in mid-June, PetrobrasEnergia's (NYSE:PZE) San Lorenzo refinery in Argentina is back online andproducing at normal rates. For details, view the entire article by subscribing to Industrial Info'sPremium Industry...
Articles 2008-07-17
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