This paper seeks to examine the importance of ownership in R&D intensities and export ownership in the automotive parts firms in China, Indonesia, Malaysia, Philippines and Taiwan. Consistent with the portfolio and ownership, location and internationalization theories of foreign direct...

Bilateral and regional safeguard mechanisms in free trade agreements (FTAs) address only the effects of trade liberalization initiatives under FTAs, and thus, in contrast with other trade remedies such as antidumping, they enable the examination of their nature and preferability to free trade...

This paper investigates whether Varian's (1994) compensation mechanism can work in a laboratory. The results show that this mechanism does not work as in the theory. We found that the magnitude of penalties crucially affects subjects' behavior.

During some recent financial crises, the majority of domestic banks -or indeed the entire banking sector- became insolvent. We have analyzed the welfare effects of policy responses to bank insolvency by examining a modified version of the Diamond-Rajan model, introducing a fiat currency. The...

To assess the effectiveness of the dispute settlement system of the World Trade Organization (WTO), it is necessary to evaluate whether WTO members promptly take the actions required to bring themselves into compliance with their WTO obligations, as those obligations have been defined or...

Constructing thirty-seven industries database, we examines whether measured productivity in Japan is procyclical and investigates the sources of that procyclicality using the production function approach employed by Hall (1990) and Basu and Fernald (1995). At the aggregate level, the measured...

The purpose of this paper is to provide an overview of the relationship banking in Japan in the 1990s. We show the increasing dependence on bank borrowing in spite of the deregulation of bond market in the mid 1990s in terms of the debt composition, and we confirm the loan from main-bank also...

We constructed an original database concerning science linkages based on text of Japanese Patent Gazette published since 1994. We discovered that Japanese inventers cite many academic papers in the texts of the patent applications in the Japanese Patent System. Based on this finding, we...

We investigate the effect of imports and exports on total factor productivity in Korea during 1980-2003. We find Granger causality from imports to total factor productivity (TFP) growth, but no causality from exports to TFP growth. We then investigate the impact of trade and other variables on...

We study productivity dispersions across workers, firms and industrial sectors. Empirical study of data on Japanese firms shows that they all obey the Pareto law, and also that the Pareto index decreases with the level of aggregation. In order to explain these two stylized facts, we propose a...