Narrow search
Showing 1 - 10 of 1,284
Cover Image
How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages
Alfaro, Laura - 2006
The empirical literature finds mixed evidence on the existence of positive productivity externalities in the host country generated by foreign multinational companies. We propose a mechanism that emphasizes the role of local financial markets in enabling foreign direct investment (FDI) to...
Persistent link: https://www.econbiz.de/10012466143
Cover Image
Productivity Effects of TVE Privatization : The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region
Sonobe, Tetsushi - 2003
While it is by now well known that the privatization of township- and village-run enterprises (TVREs) has been rapidly and widely taking place in China, it is much less known whether and to what extent privatization has improved resource allocation and productivity. As a first step toward the...
Persistent link: https://www.econbiz.de/10012469077
Cover Image
Consumption Access and Agglomeration : Evidence from Smartphone Data
Miyauchi, Yuhei; Nakajima, Kentaro; Redding, Stephen - National Bureau of Economic Research - 2021
location of service-sector establishments to measure commuting and non-commuting trips within the Greater Tokyo metropolitan …
Persistent link: https://www.econbiz.de/10012482712
Cover Image
Testing for Market Microstructure Effects in Intraday Volatility : A Reassessment of the Tokyo FX Experiment
Anderson, Torben G. - 1998
trading restrictions in the interbank foreign exchange (FX) market for Japanese banks during the Tokyo lunch period. Ito … of the Tokyo lunch period. Moreover, we document that the standard variance-ratio methodology inference in this high …
Persistent link: https://www.econbiz.de/10012472145
Cover Image
Is There Private Information in the FX Market? The Tokyo Experiment
Ito, Takatoshi - 1997
this view. The evidence comes from the introduction of trading in Tokyo over the lunch-hour. Lunch return variance doubles … private value is transitory. Finally, the morning exhibits a clear U-shape when Tokyo closes over lunch, and it disappears …
Persistent link: https://www.econbiz.de/10012472888
Cover Image
Efficiency of the Tokyo Housing Market
Ito, Takatoshi - 1993
In analyzing the dynamics of Tokyo housing price, we have compiled annual micro data sets from individual listings in a … regressions give estimates of price and rent increases in the last 11 years in Tokyo. According to these estimates, prices …
Persistent link: https://www.econbiz.de/10012474571
Cover Image
Was the Forex Fixing Fixed?
Ito, Takatoshi - 2015
/settlement price for the day. Major fixings occur at 9:55 am Tokyo time for transactions between Japanese banks and their customers … provision at the fixing time is larger than other times, which makes the price impact of any trade smaller. At the Tokyo fixing … liquidity at the Tokyo fixing as well, such financial institutions had announced prices to be more favorable for banks up until …
Persistent link: https://www.econbiz.de/10012457150
Cover Image
A Ricardian-Demand Explanation for Changing Pharmaceutical R&D Productivity
Pauly, Mark - 2016
This paper examines trends in the aggregate productivity of the pharmaceutical sector over the past three decades. We incorporate Ricardo's insight about demand-driven productivity in settings of variable scarce resources, and estimate the industry's responsiveness to changes in demand over this...
Persistent link: https://www.econbiz.de/10012455960
Cover Image
A Forward Looking Ricardian Approach : Do Land Markets Capitalize Climate Change Forecasts?
Severen, Christopher - 2016
The hedonic pricing method is one of the fundamental approaches used to estimate the economic value of attributes that affect the market price of an asset. In environmental economics, such methods are routinely used to derive the economic valuation of environmental attributes such as air...
Persistent link: https://www.econbiz.de/10012456264
Cover Image
Management and Misallocation in Mexico
Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022
We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...
Persistent link: https://www.econbiz.de/10012938686