"... In PAGE 15: ....2. Description of regimes A typology of technological regimes is proposed that distinguish the properties of innovative processes in science-based regimes, fundamental processes regime, complex (knowledge) systems regime, product engineering regime and continuous processes regime. The main traits of these regimes are summarised in Table 1 and the industries composing each regime are listed in Table2 . Industries within each regime are initially identified through a cluster analysis based on the total profile of technological competencies of firms in an industry, profile expressed by either the patent distribution or the personnel distribution across various fields of knowledge.... ..."

"... In PAGE 13: ... 13 This is further confirmed by the results shown in Table6 . In this table, the three numbers in a particular row show the probability of a regime shifting into regimes 1, 2 and 3, respectively.... In PAGE 13: ...nd the probability of switching to regime 1 is 46.13% (row 3 and column 1). Thus, these figures show that there is a high probability of switching between regimes, 1 and 3, which further confirm that these regimes are unstable or highly volatile. [INSERT TABLE 6 HERE] As shown by the number in the intersection between row 2 and column 2 in Table6 , there is a 96.17% probability that regime 2 will remain in itself; thus, further confirming that regime 2 is stable.... ..."

"... In PAGE 24: ... The relation between the regime probabilities from the time series estimation and from the options is tested more formally in OLS regressions. Table7 lists the results from regressing the regime probabilities and weekly changes in regime probabilities inferred from options on the associated variables from the time series estimation. The regressions in all cases show a significant relation between the variables, as measured by the standard F -test.... ..."

"... In PAGE 9: ... Commercial policy instruments have taken the form of import tariffs, quantitative restrictions, import licensing, and foreign exchange rationing, inter alia. Table2 identifies three distinct regimes of relatively free trade regime (1970-1979), restrictive regime (1980-1986) and a liberalising regime (1987/8-2001) according to the intensity and focus of instrument usage. The choice of instruments and increased intensity of their usage were dictated by balance of payments crises (due to the oil price shock, unfavourable terms of trade, increased external transport costs, inter alia) and underlying inclinations towards import substitution.... ..."

"... In PAGE 11: ... Each social learning process would generate its own transformations. Table2 outlines new para- digms and new roles for different stakeholder groups in different management regimes (Pahl-Wostl, 2004). Critique of the approach and outlook The absence of a direct link to a formal political decision-making process (e.... ..."

"... In PAGE 21: ... This was taken into account by expressing lead concentrations in levels, entering income in logs, and using tobit estimation. Results Table1 presents variable mean income and public good levels, by political regime for the three different ways used to define political regimes. Incomes are clearly higher in democracies than in autocracies and the effect is roughly monotonic.... ..."

"... In PAGE 29: ... The model is estimated using four time series: the index returns of a crisis source country, the investable and non-investable index returns of another country, and the world index. We report the model results in Table13 with Thailand as the crisis source country. For each country in the table we separately estimate the parameters of the regime switching model outlined in Section 3.... In PAGE 29: ...28 Changes in volatility have been annualized. Results for emerging market countries are given in panel A of Table13 while results for developed countries are given in panel B. The columns to the left (1a-10a) of Table 13 report differences in estimated moments while the columns to the right (1b-10b) report the corresponding t-statistics to test the restrictions defined by Equations 13 to 15.... In PAGE 29: ...o not report levels.28 Changes in volatility have been annualized. Results for emerging market countries are given in panel A of Table 13 while results for developed countries are given in panel B. The columns to the left (1a-10a) of Table13 report differences in estimated moments while the columns to the right (1b-10b) report the corresponding t-statistics to test the restrictions defined by Equations 13 to 15. The first 4 columns, columns 1a through 4a, report differences in volatility to test restriction 13, columns 5a through 8a report differences in correlations to test restriction 14, and columns 9 and 27Interestingly, when we separate the investable returns from the non-investable returns (Table 12B), the increasing dependence pattern disappears for Czech Republic, Greece, and Hungary.... In PAGE 30: ... Hence, the country crisis regime for Turkey appears to be a period of isolated country-specific economic turmoil that occurs over periods when markets are relatively calm in the rest of the world. However, for a majority of the coun- tries in Table13 , the crisis regimes appear to be associated with economic turmoil in Thailand. Of the 44 countries, 36 have a positive significant dif- ference in volatility for the investable return and Thailand (columns 3a and 1a, respectively).... In PAGE 64: ...000 0.000 Correlation Investable Investable Volatility Correlation Volatility Table13 . Continued Difference In Estimated Moments Across States... ..."

"... In PAGE 16: ... Yet the data suggest that within a few years, significant payoffs to policy improvements are possible. Table5 illustrates that, on average, countries which move from an inappropriate to an adequate policy environment are more likely to end up with much higher ERRs than countries in which policies do not improve. Projects that began preparation when policies were distorted--premia greater than 30 percent--but completed the investment phase when the black market premia was very low, have an average ERR of 17.... ..."