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Trapped Factors and China's Impact on Global Growth

Bloom, Nicholas - 2014

In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...

Persistent link: https://www.econbiz.de/10013057413

A Century of Missing Trade?

Estevadeordal, Antoni; Taylor, Alan M. - 2021

In contemporary data, the measured factor content of trade is far smaller than its predicted magnitude in the pure Heckscher-Ohlin-Vanek framework, the so-called 'missing trade' mystery. We wonder if this problem has been there from the beginning: that is, we ask if the Heckscher-Ohlin theory...

Persistent link: https://www.econbiz.de/10013243367

Bank net worth, asset prices and economic activity

Chen, Nan-kuang - In: Journal of monetary economics 48 (2001) 2, pp. 415-436

Persistent link: https://www.econbiz.de/10001610883

International Spillovers and ‘Ex-Ante’ Efficient Bailouts

Azzimonti, Marina - 2018

We study how cross-country macroeconomic spillovers caused by sovereign default affect equilibrium bailouts. Because of portfolio diversification, the default of one country causes a macroeconomic contraction also in other countries. This generates a self-interest for these other countries to...

Persistent link: https://www.econbiz.de/10012911465

An Exploration of the Japanese Slowdown During the 1990s

Comin, Diego A. - 2012

their endogenous technology mechanisms can amplify and propagate the wage markup fluctuations observed in Japan over the … output, consumption, investment, TFP and hours worked in Japan during the quot;lost decadequot;, specially up to 1998. During …

Persistent link: https://www.econbiz.de/10012754982

Productivity and Machinery Investment : A Long Run Look 1870-1980

DeLong, J. Bradford - 2010

Over the past century the long-run growth of six economies shows a strong association between investment in machinery and economic growth that holds both within and across nations and periods. A similar strong association holds for the post-world War II period for a broader cross section of...

Persistent link: https://www.econbiz.de/10012763337

A Comment on Nishimura, Nakajima, and Kiyota's "Does the Natural Selection Mechanism Still Work in Severe Recessions? Examination of the Japanese Economy in the 1990s"

Okada, Tae - 2007

Nishimura et al. (2005) analyze the entry/exit behavior of Japanese firms during the 1990s and find that relatively efficient firms exited while relatively inefficient firms survived during the banking-crisis period of 1996-97. They conclude that the natural selection mechanism (NSM) apparently...

Persistent link: https://www.econbiz.de/10012776344

Medium Term Business Cycles

Comin, Diego A. - 2011

Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations …

Persistent link: https://www.econbiz.de/10013125764

Acquisitions, Productivity, and Profitability : Evidence from the Japanese Cotton Spinning Industry

Braguinsky, Serguey - 2014

We explore how changes in ownership and managerial control affect the productivity and profitability of producers. Using detailed operational, financial, and ownership data from the Japanese cotton spinning industry at the turn of the last century, we find a more nuanced picture than the...

Persistent link: https://www.econbiz.de/10013058693

Market Size, Linkages, and Productivity : A Study of Japanese Regions

Davis, Donald R.; Weinstein, David E. - 2022

for forty regions of Japan. Our results identify important effects of a region's own size, as well as cost linkages …-Arrow-Romer externalities do not appear to be robust in our data. Landlocked status does not matter for productivity of regions in Japan. The … differences. A simple counterfactual shows that if economic activity were spread evenly over the forty regions of Japan, aggregate …

Persistent link: https://www.econbiz.de/10013324452