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Asian-Pacific leadership: Implications for foreign economic policy of Japan and the US

Hiemenz, Ulrich - 1991

In the 1980s, the Western Pacific hemisphere ranging from Japan and the PR China to Australia and New Zealand has remained the growth pole of the world economy. Real per capita incomes of East and Southeast Asian developing economies grew even faster in this decade than in the 1970s [World Bank,...

Persistent link: https://www.econbiz.de/10010275499

Intrafirm trade with ASEAN countries by Japanese and US multinational corporations

Groß, Martin - 1986

During the last decade, the role of multinational corporations in international trade has received a steadily increasing attention. In a wide sense, multinational corporations are reported to manage an increasing share of international trade thereby bridging the gap between production for local...

Persistent link: https://www.econbiz.de/10010275541

Firm heterogeneity and credit risk diversification

Hanson, Samuel; Pesaran, Mohammad Hashem; Schuermann, Til - 2005

This paper considers a simple model of credit risk and derives the limit distribution of losses under different assumptions regarding the structure of systematic and idiosyncratic risks and the nature of firm heterogeneity. The theoretical results obtained indicate that if firm-specific risk...

Persistent link: https://www.econbiz.de/10010276169

Business dynamics and employment growth: a cross-country analysis

van Stel, André J.; Diephuis, Bart - 2004

This paper examines the relationship between business dynamics (entry and exit of firms) and employment growth at the country-industry level. We use a cross-country data set with harmonized data on numbers of entries and exits for a selection of fast-growing and innovative industries in six...

Persistent link: https://www.econbiz.de/10010276934

International business cycle spillovers

Yilmaz, Kamil - 2009

We apply Diebold-Yilmaz spillover index methodology to monthly industrial production indices to study business cycle interdependence among G-6 industrialized countries since 1958. The business cycle spillover index fluctuates substantially over time, increasing especially after the 1973-75,...

Persistent link: https://www.econbiz.de/10010277269

Rising import demand in China: Cui bono and why?

Langhammer, Rolf J. - 2011

The paper measures income elasticities of demand for manufacturing imports in China since 1990 disaggregated by major trading partners such as the US, Japan, Germany and rest of the EU. German exporters seem to have benefited from the hightest demand elasticities. The paper proposes explanatory...

Persistent link: https://www.econbiz.de/10010277727

On the periodicity of inventories

Shibayama, Katsuyuki - 2008

This article studies inventories and monetary policy by estimating VAR models. The complex roots detected in our estimation generate cycles of around 55 to 70 months, which are quite close to actual business cycle lengths. This implies that production and inventories follow damped oscillations...

Persistent link: https://www.econbiz.de/10010277802

The pattern and valuation effects of corporate diversification: A comparison of the United States, Japan, and other East Asian economies

Claessens, Stijn; Djankov, Simeon; Fan, Joseph; Lang, Larry - 2001

related businessesas measured by the degree of vertical relatedness and complementaritythan firms in the USA. Using data for … valuation of USA and Japanese firms. Complementary diversification is not detrimental to corporate value, and even enhances … value in the USA, Japan, Korea, and Singapore. …

Persistent link: https://www.econbiz.de/10010279186

People's Republic of China's export threat to ASEAN: Competition in the US and Japanese markets

Weiss, John; Shanwen, Gao - 2003

Persistent link: https://www.econbiz.de/10010279733

Transmission of shocks to the Chinese economy in a global context: A model-based approach

Bailliu, Jeannine; Blagrave, Patrick - 2010

To better understand the dynamics of the Chinese economy and its interaction with the global economy, the authors incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying particular attention to modelling the exchange rate and...

Persistent link: https://www.econbiz.de/10010279857