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Research Institute of Economy, Trade and Industry (RIETI)
(38 results)-
White Papers
Small Business Credit Scoring: Evidence From Japan
June 1, 2010, 12:00am PDT
This paper studies the Japanese credit scoring market using data on 2,000 SMEs and a small business credit scoring model widely used in the market. After constructing a model for determining a...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Foreign Direct Investment, Intra-Regional Trade And Production Sharing In East Asia
December 19, 2007, 12:00am PST
The aim of this paper is twofold. First, it examines the trend and nature of East Asian trade. The United Nations BEC classification is utilized to categorize total trade into trade in...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
How Does FDI In East Asia Affect Performance At Home?: Evidence From Electrical Machinery Manufacturing Firms
September 18, 2008, 12:00am PDT
This paper pinpoints the impact of Japanese electronic machinery FDIs on productivity at home. The analysis is based on the activity level of firms and not on their ready-made level. For example,...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Choice For FDI And Post-FDI Productivity
July 5, 2007, 12:00am PDT
The authors highlight the difference between the service sector and the manufacturing sector in regard to the determinants for a firm to start FDI and the productivity growth it achieves. This...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Asset Prices And Monetary Policy On A Sticky-Price Economy With Financial Frictions
November 1, 2010, 12:00am PDT
A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset prices, especially share prices, in a sticky-price economy. The authors show that equilibrium...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
An Application Of Business Cycle Accounting With Misspecified Wedges
February 1, 2011, 12:00am PST
It is often assumed that wedges evolve according to the VAR (1) in the applications of Business Cycle Accounting (BCA). However, recent research finds that the wedges have no VAR (1)...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
A Financial Crisis In A Monetary Economy
February 1, 2011, 12:00am PST
The authors generalize Lagos and Wright's (2005) framework for a monetary economy in a way that there exist two technologies, "High" and "Low," for producing the goods in a decentralized matching...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
A Model Of Financial Crises: Coordination Failure Due To Bad Assets
February 1, 2011, 12:00am PST
This paper constructs a model of financial crises that can explain characteristic features of the global financial crisis of 2008-2009, namely, the widespread freezing of asset transactions, the...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
A Bad-Asset Theory Of Financial Crises
February 1, 2011, 12:00am PST
The authors propose a simple model of financial crises, which may be useful for the unified analysis of macro and financial policies implemented during the 2008-2009 financial crisis. A financial...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Financial Crises And Assets As Media Of Exchange
February 1, 2011, 12:00am PST
The authors construct a monetary model of financial crises that can explain two characteristic features of the global financial crisis in 2008/2009, namely, the widespread freeze of asset...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Quality Of Labor, Capital, And Productivity Growth In Japan: Effects Of Employee Age, Seniority, And Capital Vintage
March 1, 2011, 12:00am PST
An aging population, low fertility rate, and suppressed corporate investment have left Japan with an older workforce and older vintages of fixed capital. To restore economic dynamism, Japan must...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Changes In Japan~s Labor Market Flows Due To The Lost Decade
April 1, 2011, 12:00am PDT
The authors construct worker flows for the Japanese labor market in an internationally comparable manner, and study the consequences of the deep and lasting recession of the 1990s in the Japanese...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Japan~s Labor Market Cyclicality And The Volatility Puzzle
April 1, 2011, 12:00am PDT
The search and matching model has recently come under criticism for its inability to account for some of the cyclical properties of the U.S. labor market. Shimer (2005) has shown that the basic...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Stochastic Origin Of Scaling Laws In Productivity And Employment Dispersion
April 1, 2011, 12:00am PDT
Labor and productivity play central roles in the aging population problem in all developed countries. The understanding of labor allocation among different productivity levels is required for...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Culture And Diversity In Knowledge Creation
April 1, 2011, 12:00am PDT
Is the paradise of effortless communication the ideal environment for knowledge creation? Or, can the development of local culture in regions raise knowledge productivity compared to a single...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
On Equivalence Results In Business Cycle Accounting
September 1, 2008, 12:00am PDT
Business cycle accounting rests on the insight that the prototype neoclassical growth model with time-varying wedges can achieve the same allocation generated by a large class of frictional...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Do Competitive Markets Stimulate Innovation? - An Empirical Analysis Based On Japanese Manufacturing Industry Data -
March 1, 2008, 12:00am PST
Going all the way back to Schumpeter (1934), economists have long discussed whether market competition stimulates innovation. To reconcile conflicting earlier empirical evidence, Aghion and...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Nominal Rigidities, News-Driven Business Cycles, And Monetary Policy
June 1, 2008, 12:00am PDT
A news-driven business cycle is a business cycle in which positive news about the future causes a current boom defined as simultaneous increases in consumption, labor, investment, and output....
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
TFP Growth Slowdown And The Japanese Labor Market In The 1990s
January 5, 2009, 12:00am PST
Unemployment in Japan nearly tripled during the 1990s. Underlying this upsurge lie an increase in the probability of workers to lose their jobs and a decrease in the probability that the...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Can East Asia Be An Engine Of Growth For The World Economy?
February 1, 2009, 12:00am PST
The U.S. functioned as an engine of growth until the financial crisis. Now, U.S. imports have plummeted. This paper considers whether East Asia can be an engine of growth. Using data on...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Financial Crisis, Firm Dynamics And Aggregate Productivity In Japan
April 1, 2009, 12:00am PDT
Using a dynamic general equilibrium model of firm dynamics that incorporates financial intermediation costs, the authors quantify the degree to which the deterioration in the health of banks...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Mergers, Innovation, And Productivity: Evidence From Japanese Manufacturing Firms
April 18, 2009, 12:00am PDT
The authors investigate the impact of merger on innovation and efficiency using a micro dataset of Japanese manufacturing firms including unlisted firms during the period of 1995-1999. They find...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Software Patent And Its Impact On Software Innovation In Japan
August 5, 2009, 12:00am PDT
In Japan, the software patent system has been reformed and now software has become a patentable subject matter. In this paper, this pro-patent shift on software is surveyed and its impact on...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Asset-Price Collapse And Market Disruption - A Model Of Financial Crises -
March 10, 2009, 12:00am PDT
The authors construct a search-theoretic model 'a la Lagos and Wright (2005), that has multiple steady-state equilibria, one of which may be interpreted as a state of financial crisis. The key...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Globalization, Productivity And Plant Exit - Evidence From Japan -
September 1, 2009, 12:00am PDT
During the 1980s and 1990s, Japanese manufacturers began to relocate production from sites in Japan to low-wage East Asian countries such as China, Malaysia and Thailand. Imports of manufacturing...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Optimal Monetary Policy When Asset Markets Are Incomplete
September 20, 2009, 12:00am PDT
This paper considers the properties of an optimal monetary policy when households are subject to counter-cyclical uninsured income shocks. The authors develop a tractable incomplete-markets model...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Product Cycle And Industrial Hollowing-Out?? The Case Of The Electrical And Electronics Sector Of Taiwan
July 1, 2007, 12:00am PDT
This paper traces the route of Taiwan's industrial restructuring from 1980 to 1999, during which period Taiwan switched from a capital inflowing country to a capital-out flowing one. By...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Business Cycle Accounting For The Japanese Economy Using The Parameterized Expectations Algorithm
November 26, 2007, 12:00am PST
The authors propose an application of the Parameterized Expectations Algorithm (PEA) to Business Cycle Accounting (BCA). The PEA has an advantage in that it is simple and easier to understand and...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
International Production/Distribution Networks And Domestic Operations In Terms Of Employment And Corporate Organization: Microdata Analysis Of Japanese Firms
December 1, 2007, 12:00am PST
This paper empirically investigates patterns of globalizing corporate activities and their domestic operations and trade, using firm-level panel data on Japanese firms in 1998-2003. Journalistic...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Effects Of CEOs Characteristics On Internationalization Of Small And Medium Enterprises In Japan
March 1, 2011, 12:00am PST
Recent heterogeneous-firm models of international trade suggest that productivity determines whether firms engage in export and foreign direct investment. However in practice, m Abstract any...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Service Sector Productivity In Japan: The Key To Future Economic Growth
August 1, 2010, 12:00am PDT
This paper aims to examine three issues: how bad the productivity performance in Japan's service sector has been; why it is important to accelerate TFP growth in the service sector; and why TFP...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Aid Proliferation And Economic Growth: A Cross-Country Analysis
June 1, 2007, 12:00am PDT
In this paper, the authors examine whether aid proliferation hinders aid effectiveness in promoting economic growth. They employ a wide variety of specifications of the standard aid-growth...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Industrial Development, Firm Dynamics And Patterns Of Productivity Growth: The Case Of The Cotton-Spinning Industry In Prewar Japan, 1894-1924
July 9, 2008, 12:00am PDT
This paper explores the relationship between patterns of productivity growth and the development stage of an industry, using firm-level data on the cotton-spinning industry in Japan in the...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
The Effect Of Exchange Rate Volatility On Fragmentation In East Asia: Evidence From The Electronics Industry
May 1, 2008, 12:00am PDT
East Asia is characterized by intricate production and distribution networks that allow fragmented production blocks to be allocated across countries based on comparative advantage. These networks...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Temporary Jobs And Globalization: Evidence From Japan
March 1, 2011, 12:00am PST
Since the 1990s, there has been a rapid increase in the proportion of temporary workers in the Japanese workforce. This paper empirically explores a linkage between the shift from permanent to...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Accounting For China's Growth In 1952-2008: China's Growth Performance Debate Revisited With A Newly Constructed Data Set
January 1, 2011, 12:00am PST
Using a "Data fundamentalist approach," this paper revisits the long debate about China's growth performance by seriously tackling the existing data problems that have been the major obstacles to...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Regional Monetary Coordination In Asia After The Global Financial Crisis: Comparison In Regional Monetary Stability Between ASEAN+3 And ASEAN+3+3
May 10, 2010, 12:00am PDT
This paper analyzes how much deviation the authors have among Asian currencies, which include the Indian rupee, the Australian dollar, and the New Zealand dollar, given that they are discussing...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Debt-Ridden Equilibria - A Simple Theory Of Great Depressions
March 19, 2008, 12:00am PDT
The US Great Depression and Japan's Lost Decade in the 1990s are both characterized as persistent stagnations of economies with debt-ridden corporate sectors subsequent to asset-price collapses....
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Debt-Ridden Equilibria - A Simple Theory Of Great Depressions
March 19, 2008, 12:00am PDT
The US Great Depression and Japan's Lost Decade in the 1990s are both characterized as persistent stagnations of economies with debt-ridden corporate sectors subsequent to asset-price collapses....
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Regional Monetary Coordination In Asia After The Global Financial Crisis: Comparison In Regional Monetary Stability Between ASEAN+3 And ASEAN+3+3
May 10, 2010, 12:00am PDT
This paper analyzes how much deviation the authors have among Asian currencies, which include the Indian rupee, the Australian dollar, and the New Zealand dollar, given that they are discussing...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Accounting For China's Growth In 1952-2008: China's Growth Performance Debate Revisited With A Newly Constructed Data Set
January 1, 2011, 12:00am PST
Using a "Data fundamentalist approach," this paper revisits the long debate about China's growth performance by seriously tackling the existing data problems that have been the major obstacles to...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Temporary Jobs And Globalization: Evidence From Japan
March 1, 2011, 12:00am PST
Since the 1990s, there has been a rapid increase in the proportion of temporary workers in the Japanese workforce. This paper empirically explores a linkage between the shift from permanent to...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
The Effect Of Exchange Rate Volatility On Fragmentation In East Asia: Evidence From The Electronics Industry
May 1, 2008, 12:00am PDT
East Asia is characterized by intricate production and distribution networks that allow fragmented production blocks to be allocated across countries based on comparative advantage. These networks...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Industrial Development, Firm Dynamics And Patterns Of Productivity Growth: The Case Of The Cotton-Spinning Industry In Prewar Japan, 1894-1924
July 9, 2008, 12:00am PDT
This paper explores the relationship between patterns of productivity growth and the development stage of an industry, using firm-level data on the cotton-spinning industry in Japan in the...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Aid Proliferation And Economic Growth: A Cross-Country Analysis
June 1, 2007, 12:00am PDT
In this paper, the authors examine whether aid proliferation hinders aid effectiveness in promoting economic growth. They employ a wide variety of specifications of the standard aid-growth...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Service Sector Productivity In Japan: The Key To Future Economic Growth
August 1, 2010, 12:00am PDT
This paper aims to examine three issues: how bad the productivity performance in Japan's service sector has been; why it is important to accelerate TFP growth in the service sector; and why TFP...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Effects Of CEOs Characteristics On Internationalization Of Small And Medium Enterprises In Japan
March 1, 2011, 12:00am PST
Recent heterogeneous-firm models of international trade suggest that productivity determines whether firms engage in export and foreign direct investment. However in practice, m Abstract any...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
International Production/Distribution Networks And Domestic Operations In Terms Of Employment And Corporate Organization: Microdata Analysis Of Japanese Firms
December 1, 2007, 12:00am PST
This paper empirically investigates patterns of globalizing corporate activities and their domestic operations and trade, using firm-level panel data on Japanese firms in 1998-2003. Journalistic...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Business Cycle Accounting For The Japanese Economy Using The Parameterized Expectations Algorithm
November 26, 2007, 12:00am PST
The authors propose an application of the Parameterized Expectations Algorithm (PEA) to Business Cycle Accounting (BCA). The PEA has an advantage in that it is simple and easier to understand and...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Product Cycle And Industrial Hollowing-Out?? The Case Of The Electrical And Electronics Sector Of Taiwan
July 1, 2007, 12:00am PDT
This paper traces the route of Taiwan's industrial restructuring from 1980 to 1999, during which period Taiwan switched from a capital inflowing country to a capital-out flowing one. By...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Optimal Monetary Policy When Asset Markets Are Incomplete
September 20, 2009, 12:00am PDT
This paper considers the properties of an optimal monetary policy when households are subject to counter-cyclical uninsured income shocks. The authors develop a tractable incomplete-markets model...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Globalization, Productivity And Plant Exit - Evidence From Japan -
September 1, 2009, 12:00am PDT
During the 1980s and 1990s, Japanese manufacturers began to relocate production from sites in Japan to low-wage East Asian countries such as China, Malaysia and Thailand. Imports of manufacturing...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Asset-Price Collapse And Market Disruption - A Model Of Financial Crises -
March 10, 2009, 12:00am PDT
The authors construct a search-theoretic model 'a la Lagos and Wright (2005), that has multiple steady-state equilibria, one of which may be interpreted as a state of financial crisis. The key...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Software Patent And Its Impact On Software Innovation In Japan
August 5, 2009, 12:00am PDT
In Japan, the software patent system has been reformed and now software has become a patentable subject matter. In this paper, this pro-patent shift on software is surveyed and its impact on...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Mergers, Innovation, And Productivity: Evidence From Japanese Manufacturing Firms
April 18, 2009, 12:00am PDT
The authors investigate the impact of merger on innovation and efficiency using a micro dataset of Japanese manufacturing firms including unlisted firms during the period of 1995-1999. They find...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Financial Crisis, Firm Dynamics And Aggregate Productivity In Japan
April 1, 2009, 12:00am PDT
Using a dynamic general equilibrium model of firm dynamics that incorporates financial intermediation costs, the authors quantify the degree to which the deterioration in the health of banks...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Can East Asia Be An Engine Of Growth For The World Economy?
February 1, 2009, 12:00am PST
The U.S. functioned as an engine of growth until the financial crisis. Now, U.S. imports have plummeted. This paper considers whether East Asia can be an engine of growth. Using data on...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
TFP Growth Slowdown And The Japanese Labor Market In The 1990s
January 5, 2009, 12:00am PST
Unemployment in Japan nearly tripled during the 1990s. Underlying this upsurge lie an increase in the probability of workers to lose their jobs and a decrease in the probability that the...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Nominal Rigidities, News-Driven Business Cycles, And Monetary Policy
June 1, 2008, 12:00am PDT
A news-driven business cycle is a business cycle in which positive news about the future causes a current boom defined as simultaneous increases in consumption, labor, investment, and output....
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Do Competitive Markets Stimulate Innovation? - An Empirical Analysis Based On Japanese Manufacturing Industry Data -
March 1, 2008, 12:00am PST
Going all the way back to Schumpeter (1934), economists have long discussed whether market competition stimulates innovation. To reconcile conflicting earlier empirical evidence, Aghion and...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
On Equivalence Results In Business Cycle Accounting
September 1, 2008, 12:00am PDT
Business cycle accounting rests on the insight that the prototype neoclassical growth model with time-varying wedges can achieve the same allocation generated by a large class of frictional...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Culture And Diversity In Knowledge Creation
April 1, 2011, 12:00am PDT
Is the paradise of effortless communication the ideal environment for knowledge creation? Or, can the development of local culture in regions raise knowledge productivity compared to a single...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Stochastic Origin Of Scaling Laws In Productivity And Employment Dispersion
April 1, 2011, 12:00am PDT
Labor and productivity play central roles in the aging population problem in all developed countries. The understanding of labor allocation among different productivity levels is required for...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Japan~s Labor Market Cyclicality And The Volatility Puzzle
April 1, 2011, 12:00am PDT
The search and matching model has recently come under criticism for its inability to account for some of the cyclical properties of the U.S. labor market. Shimer (2005) has shown that the basic...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Changes In Japan~s Labor Market Flows Due To The Lost Decade
April 1, 2011, 12:00am PDT
The authors construct worker flows for the Japanese labor market in an internationally comparable manner, and study the consequences of the deep and lasting recession of the 1990s in the Japanese...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Quality Of Labor, Capital, And Productivity Growth In Japan: Effects Of Employee Age, Seniority, And Capital Vintage
March 1, 2011, 12:00am PST
An aging population, low fertility rate, and suppressed corporate investment have left Japan with an older workforce and older vintages of fixed capital. To restore economic dynamism, Japan must...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Financial Crises And Assets As Media Of Exchange
February 1, 2011, 12:00am PST
The authors construct a monetary model of financial crises that can explain two characteristic features of the global financial crisis in 2008/2009, namely, the widespread freeze of asset...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
A Bad-Asset Theory Of Financial Crises
February 1, 2011, 12:00am PST
The authors propose a simple model of financial crises, which may be useful for the unified analysis of macro and financial policies implemented during the 2008-2009 financial crisis. A financial...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
A Model Of Financial Crises: Coordination Failure Due To Bad Assets
February 1, 2011, 12:00am PST
This paper constructs a model of financial crises that can explain characteristic features of the global financial crisis of 2008-2009, namely, the widespread freezing of asset transactions, the...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
A Financial Crisis In A Monetary Economy
February 1, 2011, 12:00am PST
The authors generalize Lagos and Wright's (2005) framework for a monetary economy in a way that there exist two technologies, "High" and "Low," for producing the goods in a decentralized matching...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
An Application Of Business Cycle Accounting With Misspecified Wedges
February 1, 2011, 12:00am PST
It is often assumed that wedges evolve according to the VAR (1) in the applications of Business Cycle Accounting (BCA). However, recent research finds that the wedges have no VAR (1)...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Asset Prices And Monetary Policy On A Sticky-Price Economy With Financial Frictions
November 1, 2010, 12:00am PDT
A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset prices, especially share prices, in a sticky-price economy. The authors show that equilibrium...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Choice For FDI And Post-FDI Productivity
July 5, 2007, 12:00am PDT
The authors highlight the difference between the service sector and the manufacturing sector in regard to the determinants for a firm to start FDI and the productivity growth it achieves. This...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
How Does FDI In East Asia Affect Performance At Home?: Evidence From Electrical Machinery Manufacturing Firms
September 18, 2008, 12:00am PDT
This paper pinpoints the impact of Japanese electronic machinery FDIs on productivity at home. The analysis is based on the activity level of firms and not on their ready-made level. For example,...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Foreign Direct Investment, Intra-Regional Trade And Production Sharing In East Asia
December 19, 2007, 12:00am PST
The aim of this paper is twofold. First, it examines the trend and nature of East Asian trade. The United Nations BEC classification is utilized to categorize total trade into trade in...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
-
White Papers
Small Business Credit Scoring: Evidence From Japan
June 1, 2010, 12:00am PDT
This paper studies the Japanese credit scoring market using data on 2,000 SMEs and a small business credit scoring model widely used in the market. After constructing a model for determining a...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
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