Liberalization of Trade in Services and Productivity Growth in Korea

This paper investigates the changes in productivity growth rates of Korean service and manufacturing subsectors in relation to the liberalization of trade in services. Since Korea underwent accelerated liberalization of the service sector in the 1990s, we try to examine whether the service subsectors which were liberalized, and the manufacturing subsectors which use liberalized services as inputs, experienced productivity gains in this period.liberalization, trade services, Korea

Large AdS black holes from QFT

We study the index of $\mathcal{N}=4$ Yang-Mills theory on $S^3\times\mathbb{R}$ at large angular momenta. A generalized Cardy limit exhibits macroscopic entropy at large $N$. Our result is derived using free QFT analysis, and also a background field method on $S^3$. The index sets a lower bound on the entropy. It saturates the Bekenstein-Hawking entropy of known supersymmetric AdS$_5$ black holes, thus accounting for their microstates. We further analyze the so-called Macdonald index, exploring small black holes and possibly new black holes reminiscent of hairy black holes. Finally, we study aspects of large supersymmetric AdS$_7$ black holes, using background field method on $S^5$ and 't Hooft anomalies.Comment: 54 pages, 10 figure

Organizational Learning from Extreme Performance Experience: The Impact of Success and Recovery Experience

This paper argues that two different types of a firm’s own extreme performance experiences—success and recovery—and their interactions can generate survival-enhancing learning. Although these types of experience often represent valuable sources of useful learning, several important learning challenges arise when a firm has extremely limited prior experience of the same type. Thus, we theorize that a certain threshold of a given type of experience is required before each type of experience becomes valuable, with low levels of experience harming the organization. Furthermore, we propose that success and recovery experience will interact to enhance each other’s value. These conditions can help overcome learning challenges such as superstitious learning or learning from small samples. We investigate our ideas using a sample of the U.S. commercial banks founded between 1984 and 1998. Our results indicate that both success and recovery experience of a firm generate survival-enhancing learning, but only after a certain level of experience is reached. Furthermore, success and recovery experience enhance each other’s learning value, consistent with the theories that emphasize the importance of richer and contrasting experience in providing useful knowledge. Our framework advances organizational learning theory by presenting a contingent model of the impact of success and recovery experience and their interaction

Electromagnetic form factors of the baryon decuplet with flavor SU(3) symmetry breaking

We investigate the electromagnetic form factors of the baryon decuplet within the framework of the $\mathrm{SU(3)}$ self-consistent chiral quark-soliton model, taking into account the $1/N_c$ rotational corrections and the effects of flavor $\mathrm{SU(3)}$ symmetry breaking. We first examine the valence- and sea-quark contributions to each electromagnetic form factor of the baryon decuplet and then the effects of the flavor SU(3) symmetry breaking. The present results are in good agreement with the recent lattice data. We also compute the charge radii, the magnetic radii, the magnetic dipole moments and the electric quadrupole moments, comparing their results with those from other theoretical works. We also make a chiral extrapolation to compare the present results with the lattice data in a more quantitative manner. The results show in general similar tendency to the lattice results. In particular, the results of the $M1$ and $E2$ form factors are in good agreement with those of lattice QCD.Comment: 29 pages, 15 figures. Comparison with the lattice data was elaborate