School of Economics: Recent submissions
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Cantillon on Real Wages and Employment: a rational reconstruction of the significance of land utilization
Published 1995-11-01It is quite a fundamental proposition of Richard Cantillon's Essai sur la Nature du Commerce en General (1755) that employment and population bear a negative relation to the level of real subsistence wages - a form of wages ...Open AccessWorking Paper -
Entry Modes of Multinational Corporations into China's Market: A Socioeconomic Analysis
Published 1996-09-01The rapid economic growth of China makes it a fast expanding market in the world, which attracts increasing number of multinational corporations (MNCs) to invest. How to enter this huge and newly liberalised market and ...Open AccessWorking Paper -
A Theory of Exclusive Trading Blocs
Published 1996-10-01Over the last decade the world trading system has seen a proliferation in regional trade agreements and a spate of requests for membership of the European Community. The purpose of this paper is to analyse the formation ...Open AccessWorking Paper -
The Barings Collapse: Explanations and Implications
Published 1996-09-01The paper examines the circumstances which led to the collapse of Batings Plc at the end of February 1995. The analysis is based upon two official reports of investigations in London and Singapore. Annual reports and ...Open AccessWorking Paper -
A Theory of Intermediate Services and the Inequality of Nations
Published 1996-12-01An iceberg theory of intermediate services that bridge the transaction cost gap between producers and consumers is immersed in a symmetric two country-two sector model with a monopolistically competitive manufacturing ...Open AccessWorking Paper