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Business Fixed Investment and the Recent Business Cycle in Japan
Kiyotaki, Nobuhiro - 2010
To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply …
Persistent link: https://www.econbiz.de/10013137602
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How Much Do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data
Amiti, Mary - 2013
aggregate loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks. The high degree of …
Persistent link: https://www.econbiz.de/10013085124
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Tax Reforms and Investment : A Cross-Country Comparison
Cummins, Jason G. - 2008
We use firm-level panel data to explore the extent to which fixed investment responds to tax reforms in 14 OECD countries. Previous studies have often found that investment does not respond to changes in the marginal cost of investment. We identify some of the factors responsible for this...
Persistent link: https://www.econbiz.de/10012774996
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The Myth of the Patient Japanese : Corporate Myopia and Financial Distress in Japan and the Us
Hall, Brian J. - 2006
It is widely believed that the stock-market oriented US financial system forces corporate managers to behave myopically relative to their Japanese counterparts, who operate in a bank-based system. We hypothesize that if US firms are more myopic than Japanese firms, then episodes of financial...
Persistent link: https://www.econbiz.de/10012783974
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Taxes and Corporate Investment in Japanese Manufacturing
Hayashi, Fumio - 2001
This paper examines the impact of taxes on the incentive to invest for the Japanese manufacturing sector in the postwar period. The idyosyricratic feature of the Japanese corporation tax system as compared to the U.S. is the prevelence of tax-free reserves and the tax deductibility of a part of...
Persistent link: https://www.econbiz.de/10012787995
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Policy Uncertainty in Japan
Arbatli, Elif C. - 2017
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards, building on the approach … index rises around contested national elections and major leadership transitions in Japan, during the Asian financial crisis … and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan's deferral of a …
Persistent link: https://www.econbiz.de/10012955957
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The Causes of Japan's "Lost Decade" : The Role of Household Consumption
Horioka, Charles Yuji - 2010
In this paper, I analyze the causes of the prolonged slowdown of the Japanese economy in the 1990s and find that the stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the stagnation of household consumption during the 1990s...
Persistent link: https://www.econbiz.de/10012761584
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The Japanese Tax Reform and the Effective Rate of Tax on Japanese Corporate Investments
Shoven, John B. - 2010
Japan is in the midst of reforming its national level individual and corporation income tax systems. Last year it … pressures for reform, both domestic and international. Finally, the paper looks at how the taxation of capital income in Japan … finding of the paper is that the effective marginal tax rate on corporate capital income in Japan has increased sharply since …
Persistent link: https://www.econbiz.de/10012762765
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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
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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