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'By a Silken Thread': Regional Banking Integration and Pathways to Financial Development in Japan's Great Recession
Hoffmann, Mathias; Okubo, Toshihiro - CESifo - 2013
How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to … reference to prefectures’ different historical pathways to financial development. After Japan’s opening to trade in the 19th …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …
Persistent link: https://www.econbiz.de/10010607005
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The Crisis and Regional Resilience in Europe: On the Importance of Urbanization and Specialization
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - CESifo - 2014
to shocks, the degree of urbanization and specialization. We take the Great Recession, the economic and financial crisis … period, we find that the degree and nature of regional urbanization and specialization are important drivers of the …
Persistent link: https://www.econbiz.de/10010756164
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Growth, Foreign Direct Investment and Urban Concentrations: Unbundling Spatial Lags
Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2008
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear …
Persistent link: https://www.econbiz.de/10005765950
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The IOC's Midas Touch: Summer Olympics and City Growth
Nitsch, Volker; Wendland, Nicolai - CESifo - 2013
Hosting a mega-event is a costly activity of short duration. Still, cities frequently compete to become host of all types of events. This paper examines the effect of staging the largest and most important sporting event in the world, the Summer Olympic Games, on the host city. Applying a...
Persistent link: https://www.econbiz.de/10010877900
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Was Germany ever United? Evidence from Intra- and International Trade 1885 - 1933
Wolf, Nikolaus - CESifo - 2008
When did Germany become economically integrated? Within the framework of a gravity model, based on a new data set of about 40,000 observations on trade flows within and across the borders of Germany over the period 1885 – 1933, I explore the geography of trade costs across Central Europe....
Persistent link: https://www.econbiz.de/10005765846
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One Hundred Years of Oil Income and the Iranian Economy: A Curse or a Blessing?
Mohaddes, Kamiar; Pesaran, M. Hashem - CESifo - 2013
This paper examines the impact of oil revenues on the Iranian economy over the past hundred years, spanning the period 1908-2010. It is shown that although oil has been produced in Iran over a very long period, its importance in the Iranian economy was relatively small up until the early 1960s....
Persistent link: https://www.econbiz.de/10010627558
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Information, Uncertainty, and Subjective Entitlements in Bargaining
Karagözoglu, Emin; Riedl, Arno - CESifo - 2010
coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers’ subjective entitlements … subjective entitlements together with the differences in entitlements between better and worse performers influence the whole …
Persistent link: https://www.econbiz.de/10008511615
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Regional Implications of Financial Market Development: Credit Rationing, Trade, and Location
Ehrlich, Maximilian Von; Seidel, Tobias - CESifo - 2013
We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...
Persistent link: https://www.econbiz.de/10010877832
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Benefits and Challenges of Integrating South and Southeast Asia
Bhattacharyay, Biswa N. - CESifo - 2012
In recent decades, Southeast Asian economies have prospered through an outward-oriented strategy, through intra-regional integration under the Association of the Southeast Asian Nations (ASEAN) initiative and through participating in the East Asian production networks. In the 1970-80’s, South...
Persistent link: https://www.econbiz.de/10010877840
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Forecasting GDP at the Regional Level with Many Predictors
Lehmann, Robert; Wohlrabe, Klaus - CESifo - 2012
In this paper, we assess the accuracy of macroeconomic forecasts at the regional level using a unique data set at quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden-Württemberg) and Eastern Germany. We overcome the problem of a...
Persistent link: https://www.econbiz.de/10010877940