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Development Accounting and International Trade
Ishise, Hirokazu - 2015
Development accounting shows that a significant part of cross-country income differences is attributed to differences in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the role of international trade to explain cross-country...
Persistent link: https://www.econbiz.de/10013017077
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Long-Term Effect of International Trade on the Gender Wage and Educational Gaps
Yamamura, Eiji - 2016
This paper uses cross-country data to examine the long-term effect of trade openness on the gender gaps in wages, education, political empowerment and health. Key findings are: trade openness since 1970 reduced the gender gaps in wages and educational attainment as of 2011 but did not influence...
Persistent link: https://www.econbiz.de/10014035163
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Weakly Nonseparable Preference and the Current Account: Yes, There is a Harberger-Laursen-Metzler Effect.
Ikeda, S. - Institute of Social and Economic Research (ISER), Osaka … - 2000
We examine the current account effect of a terms-of-trade deterioration for a small country model, incorporating weakly nonseparable preference a la Shi (1994) under endogenous time preference.
Persistent link: https://www.econbiz.de/10008458122
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The 'real' explanation of the PPP puzzle
Ford, Nicholas; Horioka, Charles Yuji - 2016
This article shows that global financial markets cannot, by themselves, achieve net transfers of financial capital and real interest rate equalisation across countries and that the integration of both global financial markets and global goods markets is needed to achieve net transfers of capital...
Persistent link: https://www.econbiz.de/10011564950
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The hidden curriculum and social preferences
Ito, Takahiro; Kubota, Kohei; Ohtake, Fumio - 2015
This paper examines the effects of school curricula on subsequent preference formation. The estimation results, using Japanese data, show that the actual curriculum at public elementary schools varies widely from area to area and is associated with preference formation. Specifically, pupils who...
Persistent link: https://www.econbiz.de/10011421459
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Relative income position and happiness: Are cabinet supporters different from others in Japan?
Yamamura, Eiji; Tsutsui, Yoshiro; Ohtake, Fumio - 2015
During the period of 2001-2006, the Liberal Democratic Party (LDP) adopted a market-oriented policy under the Koizumi cabinet. In 2006, following the formation of the first Abe cabinet, the LDP returned to a traditional redistributive policy. We assume that the supporters of the Koizumi cabinet...
Persistent link: https://www.econbiz.de/10011421464
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Is university sports an advertisement in the higher education market? An analysis of the Hakone long-distance relay road race in Japan
Yamamura, Eiji - 2015
's sporting event in Japan. The event is held immediately prior to the university application period in Japan. Using Japanese …
Persistent link: https://www.econbiz.de/10011421473
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Explaining foreign holdings of Asia's debt securities: The Feldstein-Horioka paradox revisited
Horioka, Charles Yuji; Terada-Hagiwara, Akiko; Nomoto, … - 2015
the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan … capital has been flowing from the US and the Eurozone economies to both advanced Asia (especially Japan) and developing Asia … reasons. The main reason in the case of advanced Asia (especially Japan) appears to be higher riskadjusted returns, whereas …
Persistent link: https://www.econbiz.de/10011421476
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IS imbalances and current account surpluses in Japan: In memory of Professor Ronald I. McKinnon
Horioka, Charles Yuji - 2015
In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …
Persistent link: https://www.econbiz.de/10011421478
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Activity, time, and subjective happiness: An analysis based on an hourly web survey
Sakawa, Hideaki; Ohtake, Fumio; Tsutsui, Yoshiro - 2015
This paper investigates how people's happiness depends on their current activities and on time. We conducted an hourly web survey, in which 70 students reported their happiness every hour on one day every month from December 2006 to February 2008. This method is an extension of the experience...
Persistent link: https://www.econbiz.de/10011421487