Although the importance of a growth strategy is undisputed, the quantitative effects of individual policy measures on economic growth rate rarely have been reported. This paper, from the viewpoint of the users of academic research, overviews the quantitative impacts of frequently advocated,...

Studies on the globalization of firm activities have been progressing rapidly, but empirical studies on service trade using firm level data have been scarce. This paper, using panel data for Japanese firms, analyzes the relationship between service trade and firm characteristics such as...

Firms and governments often use moral suasion and economic incentives to influence intrinsic and extrinsic motivations for various economic activities. To investigate the persistence of such interventions, we randomly assigned households to moral suasion and dynamic pricing that stimulate energy...

We develop a theoretical framework to characterize strategic behavior in sequential markets under imperfect competition and limited arbitrage. Our theory predicts that these two elements can generate a systematic price premium. We test the model predictions using microdata from the Iberian...

Transport costs are generally attributable to price differentials across geographically separated regions. However, when using price differential data, the identification of distance-elastic transport costs depends on how producers handle transport costs and set prices in remote markets. To...

There has been an explosion of parts and components traded within East Asian production networks. China has emerged as the final assembly point for the goods produced. These goods then flow primarily outside of the region. When the Global Financial Crisis (GFC) occurred, the decrease in Western...

The role of buyers and suppliers has received little attention in the literature on research and development (R&D) spillovers and productivity, which has focused primarily on the moderating roles of technological and geographic proximity. In this study, we examine R&D spillovers that result from...

We investigate the parts transactions between finished auto manufacturers and first tier parts suppliers in Japan from 1989 to 2010. Our main results are as follows:- The density of transaction networks has grown throughout the investigated period. In the 2000s, it was due mainly to suppliers...

Using a newly constructed China Industrial Productivity (CIP) data set, this study adopts the Jorgensonian aggregate production possibility frontier (APPF) framework incorporating Domar weights to account for the industry origin of China's aggregate growth for the period 1980-2010. We show that...

We examine the significance of the distortionary effect of collateral requirements for investments in pledgeable assets by small and medium-sized enterprises (SMEs). The theory predicts that the binding collateral constraint causes over-investment if land prices are expected to go up steeply...