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Using trade data from Korea from December 1996 to November 1998, we find evidence that domestic individual investors …
Persistent link: https://www.econbiz.de/10012470656
Using complete order books from the Korea Stock Exchange for a four-year period including the 1997 Asian financial …
Persistent link: https://www.econbiz.de/10012463914
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012466482
Using 550 million limit orders submitted in the Korea Stock Exchange, we estimate demand and supply elasticities of …
Persistent link: https://www.econbiz.de/10012468283
This paper examines patterns of knowledge diffusion from US and Japan to Korea and Taiwan using patent citations as an … knowledge diffusion over time, we have found that knowledge diffusion from US and Japan to Korea and Taiwan exhibits quite …
Persistent link: https://www.econbiz.de/10012470190
competitive firms. The results in our paper suggest that when it comes to TFP growth, this view of Japan is seriously erroneous …. We find that lower tariffs and higher import volumes would have been particularly beneficial for Japan during the period … productivity growth. Our findings on Japan suggest that the salutary impact of imports stems more from their contribution to …
Persistent link: https://www.econbiz.de/10012471526
We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...
Persistent link: https://www.econbiz.de/10012473353
We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return...
Persistent link: https://www.econbiz.de/10012474281
is apparently insensitive to economic conditions in Korea, unlike in Japan (Freemand and Weitzinan). When "overtime …This paper examined the bonus and wage behavior in Korea. We found that both bonuses and wages in Korea respond to … economic conditions much more than their counterparts in Japan. This finding may reflect the fact that the Korean labor market …
Persistent link: https://www.econbiz.de/10012476036
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180