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The Central-Bank Balance Sheet as an Instrument of Monetary Policy

Cúrdia, Vasco - 2010

While many analyses of monetary policy consider only a target for a short-term nominal interest rate, other dimensions of policy have recently been of greater importance: changes in the supply of bank reserves, changes in the assets acquired by central banks, and changes in the interest rate...

Persistent link: https://www.econbiz.de/10013139902

Comparison and Analysis of Productivity Growth and R&D Investment in Theelectrical Machinery Industries of the United States and Japan

Nadiri, M. Ishaq; Prucha, Ingmar R. - 2021

This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...

Persistent link: https://www.econbiz.de/10013218546

R&D, Production Structure and Productivity Growth : A Comparison of the Us, Japanese and Korean Manufacturing Sectors

Nadiri, Mohammed Ishaq; Kim, Seongjun - 2021

We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...

Persistent link: https://www.econbiz.de/10013219187

Capturing Technological Opportunity Via Japan'S Star Scientists : Evidence from Japanese Firms' Biotech Patents and Products

Zucker, Lynne G.; Darby, Michael R. - 2021

Using detailed data on biotechnology in Japan, we find that identifiable collaborations" between particular university … incentives motivating their participation in" technology transfer. In Japan, the legal and institutional context implies that …" in the firm's labs. As a result, star collaborations in Japan are less localized around their research" universities so …

Persistent link: https://www.econbiz.de/10013227202

Incomplete Appropriability of R&D and the Role of Strategies and Cultural Factors in International Trade : A Japanese Case

Satō, Ryūzo; Ramachandran, Rama V.; Tsutsui, Shunichi O. - 2021

how Japan has appropriated foreign technology. In Section III, we survey three strategic trade models to obtain some …

Persistent link: https://www.econbiz.de/10013227512

R&D and Productivity Growth : Comparing Japanese and U.S. Manufacturing Firms

Griliches, Zvi; Mairesse, Jacques - 2021

firms, in both Japan and the U.S., and relate them to differences in the rates of growth in their capital-labor ratios and … estimated effect of the growth in the capital-labor ratio on firm productivity is approximately twice as large in Japan than in …

Persistent link: https://www.econbiz.de/10013228644

Japanese Research Consortia : A Microeconometric Analysis of Industrial Policy

Branstetter, Lee; Sakakibara, Mariko - 2021

The existence of strong spillover' effects of private R&D increases the potential social contribution of R&D but may depress the private incentives to undertake it. R&D consortia offer a potentially effective means of internalizing this externality, and a number of prominent economists have...

Persistent link: https://www.econbiz.de/10013249556

Product Development and the Timing of Information Disclosure Under U.S.And Japanese Patent Systems

Aoki, Reiko; Prusa, Thomas J. - 2021

This paper examines the consequences of the differences in the timing of information disclosure between the U.S. and Japanese patent systems. Under the Japanese system it is possible for a firm to apply for a patent knowing the exact specifications of a rival's patent application. In contrast,...

Persistent link: https://www.econbiz.de/10013230187

International R&D Spillovers between U.S. And Japanese R&D Intensive Sectors

Bernstein, Jeffrey Ian; Mohnen, Pierre A. - 2022

A great deal of empirical evidence shows that a country's production structure and productivity growth depend on its own R&D capital formation. With the growing role of international trade, foreign investment and international knowledge diffusion, domestic production and productivity also depend...

Persistent link: https://www.econbiz.de/10013324012

When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data

Branstetter, Lee; Sakakibara, Mariko - 2022

We examine the impact of a large number of Japanese government-sponsored research consortia on the research productivity of participating firms by measuring their patenting in the targeted technologies before, during, and after participation. Consistent with the theoretical predictions of Katz...

Persistent link: https://www.econbiz.de/10013324122