China''s growth record since the start of its economic reforms in 1978 has been extraordinary. Yet, this impressive … to analyze the variation in labor productivity growth across China''s provinces. This approach imposes less structure on … convergence in labor productivity across China''s provinces during 1978-98. However, our results show that provinces converged in …

China''s rapid overall growth since 1978 masks significant differences in relative economic performance across its …

This paper uses provincial time series data from China to empirically investigate two propositions relating to economic … have increased the rate of convergence in per capita incomes across China’s provinces. However, the pattern of FDI, which …

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 …

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 …

also uses actual trade data between Japan and Indonesia and between Japan and Korea …