This paper builds on the analysis of Kiyota and Stern (2007) of the economic effects of a KoreaU.S. free trade agreement (KORUSFTA). We review the objectives and main features of the KORUSFTA as perceived prior to the negotiation of the agreement and then outline the main features of the actual...

Volume 1, Making the Rules, covers: trade-related aspects of intellectual property rights (TRIPS); the multilateral agreement on investment (MAI); fast track/trade promotion authority; the 1999 US-China bilateral agreement and the battle for permanent normal trade relations (PNTR); and the US-EU...

This paper utilizes micro-panel data for firms located in Japan and examines differences in static and dynamic corporate performance between foreign-owned and domestically-owned firms in the 1990s. We find that foreign-owned firms not only reflect superior static characteristics but also achieve...

We examine the determinants and effects of technology acquisition licensing, using firm-level data between 1957 and 1970. Our results indicate that in technology acquisition licensing, the government screened a firm's application based on (i) the industry that the firm belonged to and (ii) its...

This paper investigates whether or not the natural selection mechanism (NSM) of economic Darwinism works in severe recessions. Although standard firm models imply the importance of NSM in an economy by showing firm's rational behavior on entry, surviv-ing, and exit leads to macro-level TFP...

Productivity convergence among countries has been investigated extensively with mixed results. This paper extends the analysis to the firm level to shed light on the debate of convergence or non-convergence. We find productivity convergence among firms widely in Japan, in both manufacturing...

We examine the cause and effect of technology acquisition policy on firm performance, using firm-level data between 1957 and 1970. Our results indicate that in the technology acquisition licensing, the government screened a firm's application, based on (i) the industry that the firm belonged to...

Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on an extension of Hall's econometric framework for estimating simultaneously price-cost margins and scale economies. Using an unbalanced panel of...