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Global risk aversion and emerging market return comovements
(Elsevier Science SA, 2018-12)
Utilizing the recently developed measure of global risk aversion by Xu (2017), we show that global risk aversion is a significant determinant of international equity correlations, consistently across all emerging markets ...
The limits of R&D internationalization and the importance of local initiatives: Turkey as a critical case
(Pergamon-Elsevier Science Ltd, 2011-08)
The growth of R&D in East Asia has triggered the notion of a new innovation geography, where R&D is no longer a privilege of the traditional OECD countries. What does this mean for mid-sized emerging economies, without the ...