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, while Japan is a large parts importer, the composition of its imports is shifted away from parts where vertical keiretsu are …
Persistent link: https://www.econbiz.de/10012469548
central bank balance sheets. We analyze the experience in seven advanced economies (Australia, Canada, Euro area, New Zealand …
Persistent link: https://www.econbiz.de/10014528361
United States and Canada between 1988 and 1992. The main result is that the determinants of cost reduction differ markedly …
Persistent link: https://www.econbiz.de/10012472784
This paper studies the effect of top tax rates on inventors' international mobility since 1977. We put special emphasis on "superstar" inventors, those with the most abundant and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track...
Persistent link: https://www.econbiz.de/10012457644
We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429
Canada, the U.S.and Japan. Utilizing an econometric cost function methodology, we are able to isolate the major source of … correct for this source of productivity change would have led to a 31% under estimate of long-run TFP growth in Canada arid a …
Persistent link: https://www.econbiz.de/10012477344
countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records … depreciation and before taxes is found to fluctuate around 10-11% without a persistent trend. For Canada, the indivi- dual company … Canada supple- mented by some unpublished data supplied by Statistics Canada suggest that the cost of capital in Canada is …
Persistent link: https://www.econbiz.de/10012472944
Measures of productivity growth typically include in the Productivity "residual" the impacts of subequilibrium from fixity of factors, costs of adjustment, returns to scale and markups. This paper proposes a general two part framework for adjusting the residual measure to take these impacts into...
Persistent link: https://www.econbiz.de/10012476055
Why would the US threaten punitive tariffs on luxury autos to implement a market share target in auto parts? We show that by making threats to a linked market, a market share may be implemented with fairly weak informa- tional and administrative requirements. Moreover, such policies can be both...
Persistent link: https://www.econbiz.de/10012473162
fall, the West and Japan see it rise by one fifth by 2030 and by three fifths by 2100. These wage increases are over and …, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period …
Persistent link: https://www.econbiz.de/10012467008