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We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return...
Persistent link: https://www.econbiz.de/10012763463
of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong …
Persistent link: https://www.econbiz.de/10013233017
inevitable reputational externalities involved in producing high-quality goods for foreign markets. South Korea and Taiwan …
Persistent link: https://www.econbiz.de/10013311892
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...
Persistent link: https://www.econbiz.de/10012759104
closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other …
Persistent link: https://www.econbiz.de/10013246656
upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this … paper also argues that despite (and beyond) Singapore, one has to go further than the GATT/WTO to see the potential …
Persistent link: https://www.econbiz.de/10013234937
It is commonly argued that Japanese trade protection has enabled the nurturing and development internationally competitive firms. The results in our paper suggest that when it comes to TFP growth, this view of Japan is seriously erroneous. We find that lower tariffs and higher import volumes...
Persistent link: https://www.econbiz.de/10013229057
break for Taiwan. They also differ from those results of Jwa (1994) indicating two temporary openings for Korea. Greater …
Persistent link: https://www.econbiz.de/10012774969
data collected in the manufacturing censuses in South Korea and Taiwan to study the linkages between a producer's total … importance of selection and learning forces. In Taiwan, transitions of firms in and out of the export market reflect systematic …, the evidence of self-selection on the basis of productivity is much weaker. In addition, unlike Taiwan, we find no …
Persistent link: https://www.econbiz.de/10013225131
This paper examines patterns of knowledge diffusion from US and Japan to Korea and Taiwan using patent citations as an … knowledge diffusion over time, we have found that knowledge diffusion from US and Japan to Korea and Taiwan exhibits quite …
Persistent link: https://www.econbiz.de/10013232144