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Since the seminal work of Krugman, product variety has played a central role in models of trade and growth. In spite of the general use of love-of-variety models, there has been no systematic study of how the import of new varieties has contributed to national welfare gains in the United States....
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with a larger agglomeration of Japanese affiliates or in an area closer to Japan, the more productive Taiwanese firms …
Persistent link: https://www.econbiz.de/10008753467
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. Second, damaged young firms and damaged old firms are more likely to raise the shares of imports from Japan and China …
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This paper studies the process of plant exit and productivity growth in Japan during the ‘lost decade’. A productivity …
Persistent link: https://www.econbiz.de/10010577230
-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks …
Persistent link: https://www.econbiz.de/10010333636
. Little attention is paid in Japan to substitution biases and quality upgrading. This implies that important methodological … differences have emerged between the U.S. and Japan since the U.S. started to correct for these biases in 1999. We estimate that … using the new corrected U.S. methodology, Japan's deflation averaged 1.2 percent per year since 1999. This is more than …
Persistent link: https://www.econbiz.de/10009472318
for 40 regions of Japan. Our results identify important effects of a region’s own size, as well as cost linkages between … spread evenly over the 40 regions of Japan, aggregate output would fall by 5 percent. – markets ; regions ; productivity …
Persistent link: https://www.econbiz.de/10010279091
A striking feature of many financial crises is the collapse of exports relative to output. In the 2008 financial crisis, real world exports plunged 17 percent while GDP fell 5 percent. This paper examines whether the drying up of trade finance can help explain the large drops in exports relative...
Persistent link: https://www.econbiz.de/10008557011