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A currency union in East Asia
Lee, Jong-Wha; Park, Yung Chul; Shin, Kwanho - 2003
This paper investigates prospects of a currency union in East Asia, focusing on trade and financial integration occurring in the region. We find, based on a dynamic factor model, regional common shocks have been quantitatively important for output variations in the Asian economies. We expect...
Persistent link: https://www.econbiz.de/10010332289
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Monetary integration ahead of trade integration in East Asia?
Shin, Kwanho; Wang, Yunjong - 2003
Regionalism is taking two forms. It is occurring firstly through free trade arrangements and secondly through monetary arrangements. In this paper, we highlight the issues related to the reversal of sequence between trade integration (free trade agreement) and monetary integration (a monetary...
Persistent link: https://www.econbiz.de/10010332298
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Trade integration and business cycle synchronization in East Asia
Shin, Kwanho; Wang, Yunjong - 2003
As trade integration deepens in East Asia, it is expected that there will be closer links in business cycles among East Asian countries. Theoretically, however, increased trade can lead business cycles across trading partners to shift in either direction: while inter-industry trade resulting in...
Persistent link: https://www.econbiz.de/10010332426
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The Impact of Pre-Marital Sex Ratios on Household Saving in Two Asian Countries : The Competitive Saving Motive Revisited
Horioka, Charles Yuji - 2016
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main findings of the paper, it finds that the...
Persistent link: https://www.econbiz.de/10012987329
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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