Showing 1 - 10 of 169
Real imports in China have decelerated significantly over the last two years to below 4 percent (yoy) from double-digit growth in previous years. Weaker investment, partly due to progress in rebalancing from investment to consumption, has been the main factor accounting for about 40-50 percent...
Persistent link: https://www.econbiz.de/10011711414
This paper derives a structural import demand equation and estimates it for a large number of countries, using recent time series techniques that address the problem of nonstationarity. Because the statistical properties of the different estimators have been derived only asymptotically,...
Persistent link: https://www.econbiz.de/10014400203
Trade elasticities are often needed in applied country work for various purposes and this paper describes a method for estimating import demand and export supply elasticities withoutusing econometrics. The paper reports empirical estimates of these elasticities for a large number of low, middle,...
Persistent link: https://www.econbiz.de/10014402671
This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth …. Using international and Japan-specific empirical estimates of corporate tax elasticities, investment is predicted to expand … and 30 percent of the static revenue loss could be recovered in the long run through dynamic scoring, although Japan …
Persistent link: https://www.econbiz.de/10014411442
Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the …
Persistent link: https://www.econbiz.de/10014411443
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current … corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available … comprehensive corporate governance reform should be a key component of Japan’s growth strategy …
Persistent link: https://www.econbiz.de/10014411444
We trace Japanese firms’ behavior over the last decades using aggregate corporate balance sheet data. Financial health of Japanese corporate sector has improved and firms paid back significant amount of debt and rebuilt their liquidity buffers. They also expanded abroad while the pace of...
Persistent link: https://www.econbiz.de/10014411445
With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary …
Persistent link: https://www.econbiz.de/10014412167
financial markets and spillovers from Europe to Japan. The results also suggest that the uncertainty about the direction of …
Persistent link: https://www.econbiz.de/10014395332
’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor … nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented …
Persistent link: https://www.econbiz.de/10014395333