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The Exchange Rate as an Industrial Policy

Ottonello, Pablo; Perez, Diego J.; Witheridge, William - National Bureau of Economic Research - 2024

We study the role of exchange rates in industrial policy. We construct an open-economy macroeconomic framework with production externalities and show that the desirability of these policies critically depends on the dynamic patterns of externalities. When they are stronger in earlier stages of...

Persistent link: https://www.econbiz.de/10014544799

Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding

Aizenman, Joshua - 2006

The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism -- hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...

Persistent link: https://www.econbiz.de/10012465942

Property Rights and Financial Development : The Legacy of Japanese Colonial Institutions

Yoo, Dongwoo - 2010

this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian … colonies, including Korea, Taiwan and Palau. In 1939 Japan began to survey and register private land in its island colonies, an … land registration obsolete. Third, considering all of Japan's colonies, we use the presence or absence of a land survey as …

Persistent link: https://www.econbiz.de/10012462106

Foreign direct investment

Froot, Kenneth (ed.) - 1993

Persistent link: https://www.econbiz.de/10000881399

Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade

Lipsey, Robert E. - 2000

Since 1977, and in some cases starting before that, most East Asian countries' export patterns in manufacturing have been transformed from industry distributions typical of developing countries to distributions more like those of advanced countries. The process of change in most cases started...

Persistent link: https://www.econbiz.de/10012470927

Exports and Manufacturing Productivity in East Asia : A Comparative Analysis with Firm-Level Data

Hallward-Driemeier, Mary - 2002

This paper uses new firm level data from five East Asian countries to explore the patterns of manufacturing productivity across the region. One of the striking patterns that emerges is how the extent of openness and the competitiveness of markets affects the relative productivity of firms across...

Persistent link: https://www.econbiz.de/10012469820

Is Japan Creating a Yen Bloc in East Asia and the Pacific?

Frankel, Jeffrey A. - 1992

This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1 … is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not … Asian countries, though overall its influence is as yet no greater than that of New York. (6) Some of Japan's financial and …

Persistent link: https://www.econbiz.de/10012474929