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A recursive test procedure is suggested that provides a mechanism for testing explosive behavior, date-stamping the origination and collapse of economic exuberance, and providing valid conOdence intervals for explosive growth rates. The method involves the recursive im- plementation of a...
Persistent link: https://www.econbiz.de/10009363816
Chinese economy has been in a state of external imbalance and internal imbalance for some years, which certainly has something to do with the undervaluation of renminbi (RMB). But Chinese Government hesitates to revalue RMB because of the worry that RMB revaluations are contractionary thus have...
Persistent link: https://www.econbiz.de/10009365455
During the post-1990 period, services sector inmost of the Asian economies witnessed growth fuelled by substantial changes in the financial sector of these economies. The insurance industry, in most of the Asian economies, ASEAN and SAARC economies in particular, was publicly owned and remained...
Persistent link: https://www.econbiz.de/10009363872
The information and communication technology (ICT) revolution of the past 3 decades has transformed the world into an integrated marketplace. Today, producers and consumers alike are able to compare the prices of local businesses and worldwide sellers. For an increasing number of tradable goods,...
Persistent link: https://www.econbiz.de/10010857580
The information and communication technology (ICT) revolution of the past 3 decades has transformed the world into an integrated marketplace. Today, producers and consumers alike are able to compare the prices of local businesses and worldwide sellers. For an increasing number of tradable goods,...
Persistent link: https://www.econbiz.de/10010857584
This paper focuses on the pricing behavior of Japanese and United States firms selling their identical products in New York City, Chicago, Osaka, and Tokyo. The authors utilize some simple models of international price dispersion and market segmentation that generate predictions about testable...
Persistent link: https://www.econbiz.de/10011277998
This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy … a leadership role in this endeavor. There is no question that Japan and the PRC are such potential leaders, and the two … monetary zone in Asia, Japan needs to make significant efforts at the national and regional levels and further strengthen …
Persistent link: https://www.econbiz.de/10011278016
Asia is fast becoming the largest recipient of Japan's foreign direct investment (FDI). Within the Asian region, the … Association of Southeast Asian Nations (ASEAN) has been the major investment destination of Japan. In the manufacturing sectors …, however, the investment flows from Japan to ASEAN—with Thailand being the largest recipient—has been declining. In …
Persistent link: https://www.econbiz.de/10011278055
Japan’s changing structure of trade, FDI and economy that underlay policy changes. We argue that until the late 1990s Japan … Japan-US bilateralism sometimes resulted in “managed trade†and encountered negative perceptions of the US approach in … Japan, overall, it had a positive impact on the Japanese economy in opening domestic markets through various reforms and …
Persistent link: https://www.econbiz.de/10011278084
will work independently of one another. When the Government of Japan announced its participation in the TPP negotiations in …
Persistent link: https://www.econbiz.de/10011278104