Publications

The KCG has various series of publications to provide research findings and policy implications to different interested groups, e.g., students, academics, policy makers and the public.

Chinese Direct Investment in Europe – Challenges for EU FDI Policy

31st January 2019
KCG Secretary
Authors: Frank Bickenbach and Wan-Hsin Liu (CESifo Forum, 2018, Vol. 19(4), 15-22)

Chinese foreign direct investment (FDI) into the European Union (EU) has increased substantially over the last decade. Whereas the EU generally welcomes inward FDI, FDI from China has been often accompanied by concerns. In view of these developments, the EU now faces the challenge of reforming its FDI policy in such a way as to simultaneously (i) defend the EU’s current openness to FDI (including from China); (ii) address the security concerns that have been raised for some types of FDI[…]

KCG Policy Paper No. 4: China between External Pressure and Domestic Policy Reforms: In Search of a Balance

11th October 2018
KCG Secretary
Publications
Publications
Authors: Rolf J. Langhammer and Wan-Hsin Liu

It was probably a combination of the objective of a constructive response to external headwind from the United States (US) and to some extent also from the European Union (EU) as concerns China’s investment and trade policies on the one hand and the intrinsic insight that opening up the investment and trade sector in China […]


International Trade and Retail Market Performance and Structure: Theory and Empirical Evidence

30th August 2018
KCG Secretary
Authors: Philipp Meinen and Horst Raff (Journal of International Economics,2018, Vol. 115, 99-114)

Based on a theoretical model featuring heterogeneous retailers that may source globally and operate as chains, we derive a number of hypotheses that link trade integration to retail firm performance and to the structure of retail markets. We empirically test these predictions using Danish microdata for the period 1999 to 2008. We find that importing retailers are larger, more profitable, and have a higher propensity to have multiple shops than domestically sourcing[…]

KCG Researchers Contributed to a New UNIDO Report on Global Value Chains with Focus on Asia

16th August 2018
KCG Secretary
Publications
Publications
The United Nations Industrial Development Organization (UNIDO) recently published a new report “Global Value Chains (GVCs) and Industrial Development – Lessons from China, South-East and South Asia” to provide evidence on the evolution of global and regional value chains in Asia. From the Asian lessons policy suggestions are derived to support firms’ and countries’ participation in GVCs and encourage their upgrading over time[…]

Incentives through Inventory Control in Supply Chains

19th June 2018
KCG Secretary
Authors: Zhan Qu, Horst Raff and Nicolas Schmitt (International Journal of Industrial Organization, 2018, Vol. 59, 486-513)

The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it to a manufacturer increases the value of a supply chain especially
for goods whose demand is highly volatile. This is because doing so solves incentive distortions[…]