relationship between Japan and the Asian Tigers. Our model is based on Backus, Kehoe and Kydland (1994) in which each economy … ; Productivity …

large productivity gap between Japan and Korea. This is reminiscent of the sandwich theory, meaning that Korea is literally … determinant of productivity, has improved rapidly and steadily in China during the 2000s, while it has declined in Korea and Japan … particular, a relative increase in productivity to China and Japan is highly related to its export performance. Not only …

. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …