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The return of the policy that shall not be named : principles of industrial policy
Chérif, Réda; Hasanov, Fuad - 2019
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
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Corporate restructuring and its macro effects
Shin, Jongsoon - 2017
This paper describes issues in Korea's corporate sector, the need for restructuring, and the authorities' initiatives and challenges. It then identifies lessons from other countries' experience and conducts an econometric analysis based on cross-country aggregate data, compared with previous...
Persistent link: https://www.econbiz.de/10011716466
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COVID-19 and SME failures
Kalemli-Ozcan, Sebnem; Gourinchas, Pierre-Olivier; … - 2020
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/10012391969
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Korea's challenges ahead : lessons from Japan's experience
Zoli, Edda - 2017
This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets …, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … reforms. While Korea's corporate balance sheets are stronger than Japan's in the early 1990s, Korea needs to progress with the …
Persistent link: https://www.econbiz.de/10011716396
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Should Korea worry about a permanently weak yen?
Ree, Joo Kyung; Hong, Gee Hee; Choi, Seoeun - 2015
Three years have passed since the Bank of Japan’s asset purchase program was introduced in 2011, causing a sharp … decline in the value of the Japanese Yen. What would be the implications for Japan and Korea’s exporters if the weak Yen is … shocks. We find that if the weak Yen persists, it would strengthen Japan’s price competitiveness over time as export prices …
Persistent link: https://www.econbiz.de/10011447113
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How Does Industrialization Affect the Structure of International Trade? : The Japanese Experience in the Pacific Basin, 1975-85
Shirai, Sayuri - 1994
also uses actual trade data between Japan and Indonesia and between Japan and Korea …
Persistent link: https://www.econbiz.de/10014398066
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Fair and inclusive markets : why dynamism matters
Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021
We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism-a drive...
Persistent link: https://www.econbiz.de/10012517949
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Crouching beliefs, hidden biases : the rise and fall of growth narratives
Chérif, Réda; Engher, Marc; Hasanov, Fuad - 2020
Persistent link: https://www.econbiz.de/10012392481
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A TIP against the COVID-19 pandemic
Chérif, Réda; Hasanov, Fuad - 2020
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486
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The European Community's Trade and Trade-Related Industrial Policies
Xafa, Miranda - 1992
This paper examines the objectives and instruments of trade policy in the European Community (EC) from 1987 until mid-1992. It reviews the Community’s institutional setting and policy environment as background to recent trends in EC trade policies and trading arrangements. A discussion of key...
Persistent link: https://www.econbiz.de/10014396138