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The U.S. Current Account Deficit : Gradual Correction or Abrupt Adjustment?
Edwards, Sebastian - 2010
In this paper I use a large multi-country data set to analyze the determinants of abrupt and large %u201Ccurrent account reversals.%u201D The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by...
Persistent link: https://www.econbiz.de/10012761662
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Lost Decade in Translation : Did the Us Learn from Japan's Post-Bubble Mistakes?
Harrigan, James - 2009
in the US post-bubble period. But the US has worse fiscal and current account imbalances than Japan had at the same stage …
Persistent link: https://www.econbiz.de/10012767618
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Losing Our Marbles in the New Century? The Great Rebalancing in Historical Perspective
Meissner, Christopher M. - 2007
Great attention is now being paid to global imbalances, the growing U.S. current account deficit financed by growing surpluses in the rest of the world. How can the issue be understood in a more historical perspective? We seek a meaningful comparison between the two eras of globalization:...
Persistent link: https://www.econbiz.de/10012778271
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Measuring Changes in the Bilateral Technology Gaps between China, India and the U.S. 1979 - 2008
Shen, Keting - 2015
Popular literature suggests a rapid narrowing of the technology gap between China and the U.S. based on large percentage increases in Chinese patent applications, and equally large increases in college registrants and completed PhDs (especially in sciences) in China in recent years. Little...
Persistent link: https://www.econbiz.de/10013013187
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The Chinese Corporate Savings Puzzle : a Firm-Level Cross-Country Perspective
Bayoumi, Tamim - 2010
China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...
Persistent link: https://www.econbiz.de/10013137314
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Fear of Sudden Stops : Lessons from Australia and Chile
Caballero, Ricardo J.; Cowan, Kevin; Kearns, Jonathan - 2021
Latin American economies are exposed to substantial external vulnerability. Domestic imbalances and terms of trade shocks are often exacerbated by sudden stops of capital inflow. In this paper we explore ways of overcoming external vulnerability, drawing lessons from a detailed comparison of the...
Persistent link: https://www.econbiz.de/10013210579
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Competition or compensation : supplier incentives under the American and Japanese subcontracting systems
Taylor, Curtis R. - In: The American economic review 87 (1997) 4, pp. 598-618
Persistent link: https://www.econbiz.de/10001226854
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Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan
Hoshi, Takeo - 2010
rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990 … respect to four of the others. So far the U.S. has avoided Japan's problem of having impaired banks prop up zombie firms …
Persistent link: https://www.econbiz.de/10012758287
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The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States
Niimi, Yoko - 2016
their children than those who do not using data for Japan and the United States. The estimation results show that the … bequests to their own children in both Japan and the United States, which in turn is likely to contribute to the persistence or …
Persistent link: https://www.econbiz.de/10012982036
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How Japan and the Us Can Reduce the Stress of Aging
Goldin, Claudia - 2016
The Japanese are becoming older. Americans are also becoming older. Demographic stress in Japan, measured by the … dependency ratio (DR), is currently about 0.64. In the immediate pre-WWII era it was even higher because Japan's total fertility … note I simulate the DR under various conditions and make comparisons with the US. Japan has experienced a large increase in …
Persistent link: https://www.econbiz.de/10012986287