Kobe University

Displaying 1-19 of 19 results

  • White Papers // Jun 2011

    Productivity Growth And Patterns Of Industry Location Without Scale Effects

    This paper investigates the relationship between geographic patterns of economic activity and productivity growth in a two region model of trade and endogenous growth without scale effects. At the core of the model is the production and in-house innovation activities of manufacturing firms and, in a world of transport costs,...

    Provided By Kobe University

  • White Papers // Jun 2011

    Patterns Of Technology, Industry Concentration, And Productivity Growth Without Scale Effects

    This paper investigates the relationship between geographic patterns of industrial activity and endogenous growth in a two region model of trade that exhibits no scale effect. The in-house process innovation of manufacturing firms drives productivity growth and is closely associated with firm-level scales of production and relative levels of accessible...

    Provided By Kobe University

  • White Papers // May 2011

    Are SRI Funds More Resilient Towards The Global Financial Crisis?

    This paper compares the resilience of Socially Responsible Investment (SRI) funds with that of conventional funds towards the global financial crisis by using an event study methodology. Taking the bankruptcy of Lehman Brothers as the particular event, the authors estimated the average cumulative abnormal returns of both SRI funds and...

    Provided By Kobe University

  • White Papers // Jan 2011

    The Gains From Commitment When Inflation Persistence And Data Uncertainty Coexist

    This paper investigates how the gains from commitment are large when inflation persistence and data uncertainty coexist. The authors consider two types of data uncertainty: measurement errors of potential output and inflation. They show that under a situation where data uncertainty exists, there are large gains from commitment as long...

    Provided By Kobe University

  • White Papers // Jan 2011

    New Aspects Of Intra-Industry Trade: Evidence From EU-15 Countries

    This paper argues about some missing aspects of Intra-Industry Trade (IIT) and proposes some alternative measures to better capture the nature of IIT. The authors show the over-time evolution of the number of IIT products, and propose an index which captures the share of the number of IIT products over...

    Provided By Kobe University

  • White Papers // Dec 2010

    Time Zones And FDI With Heterogenous Firms

    Based on Helpman et al. (2004), the authors propose a simple two-country (Home and Foreign) model with heterogeneous firms that capture the role of FDI via utilizing time zone differences. Two countries are located in different time zones and there is no overlap in daily working hours. It will be...

    Provided By Kobe University

  • White Papers // Nov 2010

    Achieving Equity In Health Through Community Based Health Insurance: India's Experience With A Large CBHI Programme

    This paper analyzes equity in one of the largest community based health insurance programme in India: Yeshasvini, run by the Department of Cooperation in Karnataka, a state in India. The analysis is based on a primary survey of 4109 households in rural Karnataka. The paper covers various dimensions of vulnerability...

    Provided By Kobe University

  • White Papers // Aug 2010

    Asymmetric Preferences For Monetary Policy Rules In The Visegrad Four And The Financial Crisis

    This paper analyses asymmetric preferences for the monetary policies of the Visegrad Four (the Czech Republic, Hungary, Poland, and Slovakia). The authors extend Surico's (2007) asymmetric preference model to a small open economy in order to consider the exchange rate for a monetary policy framework as suggested by several earlier...

    Provided By Kobe University

  • White Papers // Jul 2010

    Conflicts And Solutions Between Material Flow Cost Accounting And Conventional Management Thinking

    Material Flow Cost Accounting (MFCA), a major tool in environmental management accounting, has been developed worldwide. In Japan, the Ministry of Economy, Trade and Industry (METI) has been strongly supportive for promoting MFCA, and the number of companies introducing this tool has been steadily increasing. However, in order to apply...

    Provided By Kobe University

  • White Papers // Jun 2010

    Financial Integration And International Transmission Of Business Cycles: Evidence From Dynamic Correlations

    The authors estimate determinants of dynamic correlations of output comovement of OECD countries between 1990 and 2008. They show that trade intensity, degree of financial integration and specialization pattern have significantly different effects on comovements at different frequencies. This can bias the results using aggregate data or statistical filters. For...

    Provided By Kobe University

  • White Papers // Apr 2010

    Fiscal Stimulus, Agricultural Growth And Poverty In Asia

    Recent debates on a sustainable recovery of the global economy have tended to overemphasise the "Savings glut" hypothesis and the unavoidable imperative of higher consumption in China and other emerging Asian countries. That oversaving and not underinvestment is coming in the way of a quicker and more durable recovery is...

    Provided By Kobe University

  • White Papers // Mar 2010

    Financial Risks And Research Contracts In A Model Of Endogenous Growth

    This paper examines researchers' choices between either collaborating with venture capitalists (Regime C) or going independently (Regime I), and how their interaction affects long-run endogenous growth, in an economy characterized by incomplete contracts and financial market imperfections. Both research and production require labor and physical capital. The authors find that...

    Provided By Kobe University

  • White Papers // Feb 2010

    Growth With Time Zone Differences

    The authors propose a two-country growth model of intermediate business-services trade that captures the role of time zone differences. It is shown that a time-saving improvement in intermediate business-services trade involving production in different time zones can have a permanent impact on productivity. In recent decades, trade in many kinds...

    Provided By Kobe University

  • White Papers // Dec 2009

    Income Growth, Inequality And Preference For Education Investment: A Note

    Based on Glomm and Ravikumar (1992), this paper described the relation between preferences for educational investment for children and income growth or income inequality. The result derived using the Constant Relative Risk Aversion (CRRA) utility function differs from that derived using the log utility function. With the CRRA utility function,...

    Provided By Kobe University

  • White Papers // Aug 2009

    Globalization, Financial Depth, And Inequality In Sub-Saharan Africa

    This paper examines the relationship between globalization, financial deepening, and inequality in sub-Saharan Africa between 1980 and 2002. The authors provide the first detailed econometric analysis in this regard covering the entire sub-Saharan African region; such an analysis has hardly been conducted owing to the lack of relevant data. They...

    Provided By Kobe University

  • White Papers // Jul 2009

    A Simple Model Of Foreign Brand Penetration Under Monopolistic Competition

    The main purpose of this paper is to illustrate, with a simple monopolistic competition trade model, how trade liberalization (i.e., a decline in trade costs) can affect domestic entrepreneurs' decisions between domestic brands and foreign brands, and thus the degree of foreign brand penetration. It is shown that, as trade...

    Provided By Kobe University

  • White Papers // Apr 2009

    Labor-Management Bargaining, Labor Standards And International Rivalry

    Using the labor union's bargaining power as an indication of government policy on labor standards issues, the authors analyze the competition between a domestic (North) firm and a foreign (South) firm, and their relationship with optimal Labor Standards (LS). First, they show that the optimal level of LS is higher...

    Provided By Kobe University

  • White Papers // Apr 2009

    An Empirical Analysis Of The Monetary Policy Reaction Function In India

    This paper empirically analyzes India's monetary policy reaction function by applying the Taylor (1993) rule and its open-economy version which employs dynamic OLS. The analysis uses monthly data from the period of April 1998 to December 2007. When the simple Taylor rule was estimated for India, the output gap coefficient...

    Provided By Kobe University

  • White Papers // Dec 2008

    Governance Of The Management Of Public Debt In Japan

    This paper deals with the issue of Japan's public debt, particularly from a governance perspective. Japan's public debt continues to follow a rising path mainly due to the fact that, in the harsh economic climate the country has experienced since the 1990s, the government has ended up increasing public sector...

    Provided By Kobe University

  • White Papers // Jan 2011

    New Aspects Of Intra-Industry Trade: Evidence From EU-15 Countries

    This paper argues about some missing aspects of Intra-Industry Trade (IIT) and proposes some alternative measures to better capture the nature of IIT. The authors show the over-time evolution of the number of IIT products, and propose an index which captures the share of the number of IIT products over...

    Provided By Kobe University

  • White Papers // Dec 2008

    Governance Of The Management Of Public Debt In Japan

    This paper deals with the issue of Japan's public debt, particularly from a governance perspective. Japan's public debt continues to follow a rising path mainly due to the fact that, in the harsh economic climate the country has experienced since the 1990s, the government has ended up increasing public sector...

    Provided By Kobe University

  • White Papers // Jul 2009

    A Simple Model Of Foreign Brand Penetration Under Monopolistic Competition

    The main purpose of this paper is to illustrate, with a simple monopolistic competition trade model, how trade liberalization (i.e., a decline in trade costs) can affect domestic entrepreneurs' decisions between domestic brands and foreign brands, and thus the degree of foreign brand penetration. It is shown that, as trade...

    Provided By Kobe University

  • White Papers // Apr 2009

    Labor-Management Bargaining, Labor Standards And International Rivalry

    Using the labor union's bargaining power as an indication of government policy on labor standards issues, the authors analyze the competition between a domestic (North) firm and a foreign (South) firm, and their relationship with optimal Labor Standards (LS). First, they show that the optimal level of LS is higher...

    Provided By Kobe University

  • White Papers // Jul 2010

    Conflicts And Solutions Between Material Flow Cost Accounting And Conventional Management Thinking

    Material Flow Cost Accounting (MFCA), a major tool in environmental management accounting, has been developed worldwide. In Japan, the Ministry of Economy, Trade and Industry (METI) has been strongly supportive for promoting MFCA, and the number of companies introducing this tool has been steadily increasing. However, in order to apply...

    Provided By Kobe University

  • White Papers // Jan 2011

    The Gains From Commitment When Inflation Persistence And Data Uncertainty Coexist

    This paper investigates how the gains from commitment are large when inflation persistence and data uncertainty coexist. The authors consider two types of data uncertainty: measurement errors of potential output and inflation. They show that under a situation where data uncertainty exists, there are large gains from commitment as long...

    Provided By Kobe University

  • White Papers // Feb 2010

    Growth With Time Zone Differences

    The authors propose a two-country growth model of intermediate business-services trade that captures the role of time zone differences. It is shown that a time-saving improvement in intermediate business-services trade involving production in different time zones can have a permanent impact on productivity. In recent decades, trade in many kinds...

    Provided By Kobe University

  • White Papers // Jun 2011

    Productivity Growth And Patterns Of Industry Location Without Scale Effects

    This paper investigates the relationship between geographic patterns of economic activity and productivity growth in a two region model of trade and endogenous growth without scale effects. At the core of the model is the production and in-house innovation activities of manufacturing firms and, in a world of transport costs,...

    Provided By Kobe University

  • White Papers // Jun 2011

    Patterns Of Technology, Industry Concentration, And Productivity Growth Without Scale Effects

    This paper investigates the relationship between geographic patterns of industrial activity and endogenous growth in a two region model of trade that exhibits no scale effect. The in-house process innovation of manufacturing firms drives productivity growth and is closely associated with firm-level scales of production and relative levels of accessible...

    Provided By Kobe University

  • White Papers // May 2011

    Are SRI Funds More Resilient Towards The Global Financial Crisis?

    This paper compares the resilience of Socially Responsible Investment (SRI) funds with that of conventional funds towards the global financial crisis by using an event study methodology. Taking the bankruptcy of Lehman Brothers as the particular event, the authors estimated the average cumulative abnormal returns of both SRI funds and...

    Provided By Kobe University

  • White Papers // Jun 2010

    Financial Integration And International Transmission Of Business Cycles: Evidence From Dynamic Correlations

    The authors estimate determinants of dynamic correlations of output comovement of OECD countries between 1990 and 2008. They show that trade intensity, degree of financial integration and specialization pattern have significantly different effects on comovements at different frequencies. This can bias the results using aggregate data or statistical filters. For...

    Provided By Kobe University

  • White Papers // Aug 2009

    Globalization, Financial Depth, And Inequality In Sub-Saharan Africa

    This paper examines the relationship between globalization, financial deepening, and inequality in sub-Saharan Africa between 1980 and 2002. The authors provide the first detailed econometric analysis in this regard covering the entire sub-Saharan African region; such an analysis has hardly been conducted owing to the lack of relevant data. They...

    Provided By Kobe University

  • White Papers // Dec 2010

    Time Zones And FDI With Heterogenous Firms

    Based on Helpman et al. (2004), the authors propose a simple two-country (Home and Foreign) model with heterogeneous firms that capture the role of FDI via utilizing time zone differences. Two countries are located in different time zones and there is no overlap in daily working hours. It will be...

    Provided By Kobe University

  • White Papers // Nov 2010

    Achieving Equity In Health Through Community Based Health Insurance: India's Experience With A Large CBHI Programme

    This paper analyzes equity in one of the largest community based health insurance programme in India: Yeshasvini, run by the Department of Cooperation in Karnataka, a state in India. The analysis is based on a primary survey of 4109 households in rural Karnataka. The paper covers various dimensions of vulnerability...

    Provided By Kobe University

  • White Papers // Mar 2010

    Financial Risks And Research Contracts In A Model Of Endogenous Growth

    This paper examines researchers' choices between either collaborating with venture capitalists (Regime C) or going independently (Regime I), and how their interaction affects long-run endogenous growth, in an economy characterized by incomplete contracts and financial market imperfections. Both research and production require labor and physical capital. The authors find that...

    Provided By Kobe University

  • White Papers // Dec 2009

    Income Growth, Inequality And Preference For Education Investment: A Note

    Based on Glomm and Ravikumar (1992), this paper described the relation between preferences for educational investment for children and income growth or income inequality. The result derived using the Constant Relative Risk Aversion (CRRA) utility function differs from that derived using the log utility function. With the CRRA utility function,...

    Provided By Kobe University

  • White Papers // Aug 2010

    Asymmetric Preferences For Monetary Policy Rules In The Visegrad Four And The Financial Crisis

    This paper analyses asymmetric preferences for the monetary policies of the Visegrad Four (the Czech Republic, Hungary, Poland, and Slovakia). The authors extend Surico's (2007) asymmetric preference model to a small open economy in order to consider the exchange rate for a monetary policy framework as suggested by several earlier...

    Provided By Kobe University

  • White Papers // Apr 2009

    An Empirical Analysis Of The Monetary Policy Reaction Function In India

    This paper empirically analyzes India's monetary policy reaction function by applying the Taylor (1993) rule and its open-economy version which employs dynamic OLS. The analysis uses monthly data from the period of April 1998 to December 2007. When the simple Taylor rule was estimated for India, the output gap coefficient...

    Provided By Kobe University

  • White Papers // Apr 2010

    Fiscal Stimulus, Agricultural Growth And Poverty In Asia

    Recent debates on a sustainable recovery of the global economy have tended to overemphasise the "Savings glut" hypothesis and the unavoidable imperative of higher consumption in China and other emerging Asian countries. That oversaving and not underinvestment is coming in the way of a quicker and more durable recovery is...

    Provided By Kobe University