Summary A reliable leading indicator should possess the following properties: (1) The movements in the indicator series should resemble those in the business cycle reference series. (2) The relation between the reference series and the indicator should be statistically significant and stable...

Large dollar reserves in Asian EMEs accompany large U.S. fiscal and current account deficits. Analysis of strategic sales by Asian EMEs suggests that an attack on the dollar is not certain but is possible. A unique equilibrium where Asian EMEs sell their reserves does not exist but there are...

Summary The paper investigates the evolution of wages and wage inequality in Germany based on samples from the German Socio-Economic Panel (SOEP) 1984 to 2005. Real gross hourly wages for prime age dependent male workers increased on average by 23 percent between 1984 and 1994 in West Germany...

Purpose – Studies of the cyclical behavior of real wages have identified monetary shocks and examined the response of real wages and output or employment. A finding that real wages are procyclical in response to a positive monetary policy shock is taken as evidence that prices are stickier...

The sanctity of private property is an essential requirement for economic prosperity of an economy. However, in some countries, the ruler who is supposed to ensure the supremacy of private property is sometimes seen expropriating private property. In this circumstance, judicial independence is...

Abstract This study examines, from a collaborative governance perspective, the public policy process of South Korea in responding to the global health pandemic. In many countries, attention has been focused primarily on governmental capacity and political leadership in containing the COVID-19...

Abstract While studies suggest that voluntary association involvement leads to more political participation in the U.S. and European countries, the relationship remains debatable in new democracies. Using the Current Social Integration Survey from 2015 to 2018 in South Korea, this study examines...

Purpose In this paper, the authors aim to examine trade in parts and components of Mexico, Chile and Brazil, focusing in particular on trade of television parts (SITC 7711) and semiconductors (SITC 7763) with China and South Korea. They also study the impact of foreign direct investment (FDI) on...

Purpose This article examines the borders of memory inherent to a Japanese World Heritage site, and their significance for the 2020 opening of the Industrial Heritage Information Center in Tokyo. The Center was constructed to disseminate information regarding the widely dispersed “Sites of...