Endogenous Growth and Trade Liberalization

We develop an endogenous growth model in which trade liberalization has a positive effect on growth. This effect does not depend on marginal re-allocations nor on knowledge-spillovers. Rather, it is due solely to the increase in market size following the integration of product markets. Our result contradicts a widely-help view that trade on physical goodsper sehas no consequences for long-run growth.[F15]     

Long-Run Elasticities of the Demand for Money in Korea:Evidence from Cointegration Analysis

Most recent studies have employed the cointegration technique to investigate the long-run stability of the demand for money. This study considers the case of Korea. It is shown that in the long-run while Ml monetary aggregate is cointegrated with income, interest rate, and the exchange rate, M2 is not. However, results from error correction models reveal that both Ml and M2 have short-run relationship with their determinants. [E41]     

An Experimental Study of Cognitive Dissonance,Product Involvement,Expectations, Performance and Consumer Judgement of Product Performance

Abstract

This experimental study investigates the effects of cognitive dissonance, expectations, and product performance on product evaluations. The study improves upon the methodological problems of the past experimental studies. The results of a 2×2×2 factorial design suggest that product involvement acts as a moderator in the postdecisional product evaluation process. The theoretical and empirical findings suggest communication guidelines for the advertisers.     

Cross‐border Insolvency and Legal Transnationalisation

The last 20 years has seen an explosion of approaches for dealing with an inevitable consequence of globalised markets, that of cross‐border insolvencies. This article places phenomena such as the United Nations Commission on International Trade Law Model Law on Cross‐border Insolvency and Cross‐border Insolvency Agreements (also known as Protocols) within the context of developing laws on international commercial transactions. First, it briefly describes the evolution of the international commercial law (sometimes known as the law merchant) to provide a context to understanding the international commercial responses to the problems created by cross‐border insolvencies. Next, it outlines the range of approaches being adopted by states and multilateral bodies in recent decades to resolve cross‐border insolvency issues. Finally it draws some preliminary conclusions on the potential implication of this transnationalisation process and broader international commercial law perspective, in particular on the capacity of cross‐border insolvency agreements to address cross‐border insolvency issues. Copyright © 2012 John Wiley & Sons, Ltd.     

采用边界元法研究槽形波导的色散特性

本文提出了用边界元法分析槽形波导的方法。推导出了有关表达式,并对一典型例子进行了研究,计算了其色散特性;得到的数据均与其它方法的结果相吻合。由于本文方法推导简单,计算省时,所以是研究此类问题的有效途径。     

振荡器非线性器件的特性对振荡解的影响的Volterra级数研究

本文应用Volterra级数分析非线性振荡器中非线性器件的特性对振荡稳态解的影响。     

Inheritance and inequality when wealth enters the utility function

The distribution of wealth and its dynamic development are analyzed within a non-overlapping generations model. All individuals have identical preferences and abilities. Wealth is represented by land, which is available in fixed aggregate supply. Utility depends on a perishable consumption good and—due to a bequest and/or a prestige motive—in addition on land owned. Two configurations can occur as long run equilbrium: equality and two class dichotomy. All Two Class Equilibria are unstable. The Equality Equilibrium is unstable if and only if land is sufficiently productive. In the case of instability there is a process towards maximal concentration of wealth.For helpful discussions I am indebted to G. Clemenz, S. Krasa, and M. Winkler.     

Overcoming the socialist aftereffects in East Europe

East Europe has inherited from the collapsed socialist systems a web of interlocking practices such as allocation mentality, bribery, dependism, and leveraged bonus, which will take many years to untangle before a free market system can effectively operate. Simplistic solutions will backfire. Reorganization must proceed with contextual knowledge of the interlocking patterns. A causal loop analysis is presented.