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Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It...
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We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to … and policy variables. Our analysis suggests that achieving the Bank of Japan's 2 percent inflation target has a positive …
Persistent link: https://www.econbiz.de/10011281935
Both Japan and Korea are trying to boost female labor force participation (FLFP) as they face the challenges of a … towards non-regular employment despite women's high education levels. This paper empirically examines what helps Japan and … tend to reduce the proportion of regular female employment in Japan and Korea, (ii) the persistent gender wage gap …
Persistent link: https://www.econbiz.de/10011281943
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921
Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic …
Persistent link: https://www.econbiz.de/10011373924
A surge of exports in the 2000s helped Japan exit the severe decade-long stagnation known as the lost decade. Using …
Persistent link: https://www.econbiz.de/10009620269
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