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Persistent link: https://www.econbiz.de/10003364838
The on-going "Make in India" campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights "step-by-step" changes in a country's specialisation pattern and global competitiveness accompanied...
Persistent link: https://www.econbiz.de/10011646272
Persistent link: https://www.econbiz.de/10003647270
on loan and equity ownership to address the impact of the Japan-specific bank-firm relations and bank control on the …
Persistent link: https://www.econbiz.de/10003203429
This paper uses high-frequency data for publicly-listed Japanese manufacturing firms over the period 2000 to 2010 to show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two margins of global engagement we consider, namely,...
Persistent link: https://www.econbiz.de/10011405146
There is an increasing endorsement for the yen s depreciation as a means to fight the ongoing deflation in Japan. The … deflationary period. We then assess quantitatively the expected effectiveness of depreciation in taming the deflation. Our …
Persistent link: https://www.econbiz.de/10011402651
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …
Persistent link: https://www.econbiz.de/10009743745
Persistent link: https://www.econbiz.de/10003364046
Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of...
Persistent link: https://www.econbiz.de/10010383810
We examine how populist governments influence political culture and economic outcomes. Some Austrian communities are governed by far-right populist mayors, directly elected by a majority of voters. We exploit close elections and find that the electorate becomes more polarized under populist...
Persistent link: https://www.econbiz.de/10012628748