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Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
Persistent link: https://www.econbiz.de/10012001583
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionary effect on annual real GDP growth in the domestic economy, but that this effect...
Persistent link: https://www.econbiz.de/10014399990
declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …
Persistent link: https://www.econbiz.de/10014395417
commodities that are traded between Japan and its East Asian trading partners to investigate the response of tradable goods prices … customs data for the period 1988-98, it shows that price pass-through is much larger for exports from Japan than for imports … to Japan …
Persistent link: https://www.econbiz.de/10014401194
The paper examines the effects of the supply pressure of the exports in the Japan-U.S. bilateral trade. A simultaneous … export supply pressure is much stronger in Japan’s exports than in the U.S. exports, and that supply pressure often affects …
Persistent link: https://www.econbiz.de/10014398178
Using the international input-output tables between Japan and five Pacific Basin countries (Indonesia, Korea, Malaysia … 1985. It shows that intra-industry trade in manufactured products expanded as Japan increased imports of more capital …
Persistent link: https://www.econbiz.de/10014398712
implications for Japan and Asia of several shocks to the Japanese economy. The results suggest that, while fiscal consolidation in … Japan would initially dampen domestic growth, over the medium term the impact on both the domestic and regional economies … would be positive. Quantitative monetary easing in Japan would boost domestic activity in the short-run, while being …
Persistent link: https://www.econbiz.de/10014399955
arrangement. Seen from the foreign economic relations, it is not possible for Japan to own a key-currency independent from the U …
Persistent link: https://www.econbiz.de/10014398125
the relative role of 'globalization' and 'technology' shocks in accounting for the short and long run variance of global …
Persistent link: https://www.econbiz.de/10011711761