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What are the macroeconomic effects of tax adjustments in response to large public debt shocks in highly integrated economies? The answer from standard closed-economy models is deceptive, because they underestimate the elasticity of capital tax revenues and ignore cross-country spillovers of tax...
Persistent link: https://www.econbiz.de/10011472226
Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the … over a single generation. China now seems poised to follow a similar trajectory. All three cases highlight the importance …
Persistent link: https://www.econbiz.de/10012453866
that is lower than that of other countries ranges from 2-15%, with Japan having the tightest standard and the United States … and China the loosest. The fraction of grants that are inconsistent with the office's own standard ranges from 2-6 per …
Persistent link: https://www.econbiz.de/10012456431
prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive …
Persistent link: https://www.econbiz.de/10012458956
This paper discusses the recent regional trade agreements that China has concluded rapidly following accession to the …
Persistent link: https://www.econbiz.de/10012467695
This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1 … is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not … Asian countries, though overall its influence is as yet no greater than that of New York. (6) Some of Japan's financial and …
Persistent link: https://www.econbiz.de/10012474929
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 would have been particularly beneficial for Japan during the period … productivity growth. Our findings on Japan suggest that the salutary impact of imports stems more from their contribution to …
Persistent link: https://www.econbiz.de/10012471526
, Israel, Japan, the Netherlands, and South Korea …
Persistent link: https://www.econbiz.de/10013191046
We pursue a cross-country comparison of relative financial readiness of older households in Japan and the Republic of …
Persistent link: https://www.econbiz.de/10012814424
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180