China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

The presence of foreign multinational enterprises (MNEs) should benefit local economies. In particular if MNEs are particularly productive compared to domestic firms they may promote learning and catch-up of local firms. Such channel of spillovers from MNEs to local firms is known as the Veblen...

We study the relationship between firm centralization and organizational reproduction in satellite locations. For decentralized firms, the ethnic compositions of inventors in satellite locations mostly resemble their host cities, with little link to the inventor composition of their parent...

In der Diskussion um die Erfolgsfaktoren von Unternehmen im Wettbewerb zu Beginn des 21. Jahrhunderts wird immer häufiger "Agilität" genannt. In einer globalen und digitalen Wirtschaft bezeichnet Agilität die überlebensnotwendige Fähigkeit eines Unternehmens zum Wandel. Organisationen...

Die "Digitalisierung im deutschen Mittelstand" steht seit einigen Jahren zunehmend im Zentrum der Diskussion von Wirtschaft, Verbänden und Politik. Dies unterstreicht, welche Bedeutung die Verantwortlichen dem Einfluss der Digitalisierung auf das Rückgrat der deutschen Volkswirtschaft...