Showing 1 - 10 of 1,295
of the pre-WWII period, Japan's real GNP per worker was not much more than a third of that of the U.S., with falling … barrier, Japan's prewar GNP per worker would have been close to a half of the U.S. The labor barrier existed because, we argue …
Persistent link: https://www.econbiz.de/10013252329
This paper examines the role of agricultural diversity in the process of development. Using data from U.S. counties and exploiting climate-induced variation in agricultural production patterns, I show that mid-19th century agricultural diversity had positive long-run effects on population...
Persistent link: https://www.econbiz.de/10012962188
transfers from the U.S. to Western European countries and Japan were an important factor in driving growth in these recipient …
Persistent link: https://www.econbiz.de/10013115686
realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve … a percentage point of GDP. Taken together, these results indicate that a realignment of global growth -- with Japan and …
Persistent link: https://www.econbiz.de/10012777651
China, Japan, and South Korea, and estimate the economic burden of chronic conditions in five domains (cardiovascular … 2010), $5.7 trillion for Japan, and $1.5 trillion for South Korea. Our results also highlight the limits of cost …
Persistent link: https://www.econbiz.de/10012951354
, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by …
Persistent link: https://www.econbiz.de/10012767513
This paper describes a theoretical and empirical study of the Japanese macroeconomy that focuses on the role of predetermined nominal wages in the relation between monetary policy and aggregate output. The main features of the model are that nominal wage rates set at Shunto are equal to rational...
Persistent link: https://www.econbiz.de/10013215727
Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all … France, West Germany and Japan, and between 8 and 10 percent per annum for the U.K. and the U.S. for the period under study …, the productive efficiencies of France, West Germany and Japan rose rapidly from less than 40 percent of the U.S. level in …
Persistent link: https://www.econbiz.de/10013216118
The relative distribution of the populations of the top 40 urban areas of France and Japan remained very constant …
Persistent link: https://www.econbiz.de/10013216864
This paper uses a VAR to investigate four possible explanations of the extended slump in Japanese economic activity over the 1990s: the absence of bold and consistent fiscal stimulus; the limited room for expansionary monetary policy due to a liquidity trap; overinvestment and debt overhang; and...
Persistent link: https://www.econbiz.de/10013217595