CHAPTER 1-1
Trade, Investment and Economic Integration of South Korea and China
　I. Introduction
　II. Rapid Industrialization in China and Its Effect on the Korean Economy
　III. Foreign Direct Investment, Bilateral Trade and Economic Integration1
　IV. Korean Investment in China: Its Motives and Effects
　V. Concluding Remarks
　Comments on “Trade, Investment and Economic Integration of South Korea and China”

CHAPTER 1-2
International R&D Spillovers: Trade, FDI, and Information Technology as Spillover Channels
　I. Introduction
　II. Literature Review
　III. The Empirical Model
　IV. Data
　V. Empirical Findings
　VI. Conclusion
　Comments on “International R&D Spillover Channels”

CHAPTER 1-3
Preference of Cultural Goods: The Case of Korea Film Market
　I. Introduction
　II. Korea Film Market
　III. Data
　IV. Model and Estimation Strategy
　V. Estimation Results
　VI. Conclusion
　Comments on “Preference for Cultural Goods; The Case of Korea Film Market”

CHAPTER 2-1
R&D Activities, Imperfect Competition and Economic Growth
　I. Introduction
　II. Economic model and empirical analysis
　III. Summary and Conclusion
　Comments on “R&D Activities, Imperfect Competition and Economic Growth”

CHAPTER 2-2
Investment ?Specific Multifactor Productivity in Multi-sector Open Economies: Data and Analysis
　I. Introduction
　II. Data
　III. Model
　IV. Simulations
　V. Conclusions
　Comments on “Investment-Specific and Multifactor Productivity in Multi-Sector Open Economies: Data and Analysis”

CHAPTER 3-1
Corporate Entrepreneurship and Innovation in Business Practices
　I. Introduction
　II. Corporate Entrepreneurship and Growth
　III. Theories of the Firm and Corporate Innovation
　IV. The Neoclassical Theory
　V. The Principal-agent Theory
　VI. The Property Rights Theory
　VII. The Transaction Cost Theory
　VIII. The Resource-Based Theory
　IX. The Evolutionary Theory
　X. Innovation in Korean Firms after the 1997 Economic Crisis
　XI. Discussion
　XII. Business Practice Engineering
　XIII. Summary and Conclusion
　Comments on “Corporate Entrepreneurship and Innovation in Business Practices”

CHAPTER 3-2
Entrepreneurship and Mobility
　I. Introduction
　II. Arguments for RGR
　III. Evidence against RGR
　IV. Entrepreneurship: Process of Income and Wealth Generation
　V. Do the Rich Have Advantage in Entrepreneurship?
　VI. Concluding Remarks
　Comments on “Entrepreneurship and Mobility”

CHAPTER 4-1
Structure of Corporate Borrowing and Economic Crisis in Korea: A Micro-evidence
　I. Introduction
　II. Aggregate Patterns in the Corporate Financing Sources
　III. The Firm-level Data
　IV. Corporate Borrowing Pattern and the Crisis: Micro Evidence
　V. Concluding Remarks
　Comments on “Structure of Corporate Borrowing and Economic Crisis in Korea: A Micro-evidence”

CHAPTER 4-2
Pro-cyclicality of Buffer Capital and its Implications for Basel II: A Cross Country Analysis
　I. Introduction
　II. Pro-cyclicality of Bank Lending and Basel II
　III. Empirical Analysis
　IV. Policy Implications
　V. Concluding Remarks
　Comments on “Procyclicality of Buffer Capital and its Implications for Basel II: A Cross-country Analysis”

CHAPTER 5-1
Ownership Structure and the Roles of Institutional and Foreign Investors: Evidence from the 1997 Korean Crisis
　I. Introduction
　II. Literature on Institutional Investors and Empirical Implications
　III. Empirical Hypotheses and Methods
　IV. Data
　V. Regression results: Ownership as a Determinant of Profitability
　VI. Determinants of Institutional and Foreign Ownership
　VII. Summary and Conclusions
　Comments on “Ownership Structure and the Roles of Institutional and Foreign Investors: The Korean Case”

CHAPTER 5-2
Characterizing Exchange Rate Policy in East Asia: A Reconsideration
　I. Introduction
　II. The Frankel-Wei Regression Model
　III. Modeling Real Exchange Rate Dynamics
　IV. Empirical Results
　V. Conclusion
　Comments on “Characterizing Exchange Rate Policy in East Asia: A Reconsideration”

CHAPTER 6-1
Measurements of Sectoral Shifts: Dispersion and Skewness
　I. Introduction
　II. Lilien’s Model and Effects of Higher Moments on Aggregate Layoff Rates
　III. Estimation Methods of Purging Equation and Sectoral Shifts Variables
　IV. Empirical Analysis
　V. Conclusions
　Comments on “Measurements of Sectoral Shifts: Dispersion and Skewness”

CHAPTER 6-2
Entry Regulation and Industries’ Performance in Korea
　I. Introduction
　II. Regulation in OECD Countries
　III. Entry Regulation and Firm Dynamics in Korea
　IV. Influences of Firm Dynamics on Economic Performance
　V. Summary and Conclusion
　Comments on “Entry Regulation and Industries’ Performance in Korea”