Japan and the World Economy最新文献_第10页

The effect of import competition on labor income inequality through firm and worker heterogeneity in the Japanese manufacturing sector 通过日本制造业企业和工人异质性研究进口竞争对劳动收入不平等的影响

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-09-01 DOI: 10.1016/j.japwor.2021.101076

Masahiro Endoh

引用次数: 2

Who is the center of local currency Asian government bond markets? 谁是以本币计价的亚洲政府债券市场的中心?

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-09-01 DOI: 10.1016/j.japwor.2021.101075

Junji Shimada , Yoshihiko Tsukuda , Tatsuyoshi Miyakoshi

引用次数: 0

The time-frequency analysis of conventional and unconventional monetary policy: Evidence from Japan 传统与非常规货币政策的时频分析:来自日本的证据

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-09-01 DOI: 10.1016/j.japwor.2021.101089

Xiangcai Meng, Chia-Hsing Huang

{"title":"The time-frequency analysis of conventional and unconventional monetary policy: Evidence from Japan","authors":"Xiangcai Meng, Chia-Hsing Huang","doi":"10.1016/j.japwor.2021.101089","DOIUrl":"10.1016/j.japwor.2021.101089","url":null,"abstract":"<div><p>The effects of monetary policy on the aggregate economy is an important issue that has been addressed mainly in the time domain, and relatively little is known about how monetary policy affects the macroeconomy in the time-frequency space. With a continuous wavelet multiple coherency and partial coherency approach, this paper contributes to the literature by characterizing the macroeconomic effects of monetary policy across frequencies and over time using a monthly dataset from Japan, which is in the vanguard in the practice of unconventional monetary policy. The empirical results show that: First, interest rate changes could be largely captured by inflation fluctuations across frequencies before 1999 but only at low frequencies after 1999. Second, movements of M1 could well reflect the variations of industrial production at the scale of 2–4 years before 1999, but this relationship was reversed at the same scale after 1999. Third, changes in M2 could roughly mirror the fluctuations of inflation at the scale of 3–4 years between 1966 and 1969, and this relationship was reversed at the scale of 1–3 years between 2003 and 2007. This study indicates that in Japan conventional and unconventional monetary policy generate heterogeneous effects on the aggregate economy and the level of heterogeneity partially depends on the chosen instrument.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"59 ","pages":"Article 101089"},"PeriodicalIF":1.3,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.japwor.2021.101089","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45592980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Impacts of increased Chinese imports on Japan’s labor market 中国进口增加对日本劳动力市场的影响

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-09-01 DOI: 10.1016/j.japwor.2021.101087

Kazunobu Hayakawa , Tadashi Ito , Shujiro Urata

引用次数: 6

Individual characteristics and the demand for reciprocity in trade liberalization: Evidence from a survey in Japan 贸易自由化中的个体特征与互惠需求:来自日本调查的证据

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-06-01 DOI: 10.1016/j.japwor.2021.101071

Eiichi Tomiura , Banri Ito , Hiroshi Mukunoki , Ryuhei Wakasugi

引用次数: 2

Wholesalers, indirect exports, geography, and economies of scope: Evidence from firm transaction data in Japan 批发商、间接出口、地理和范围经济:来自日本公司交易数据的证据

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-06-01 DOI: 10.1016/j.japwor.2021.101055

Tadashi Ito , Ryohei Nakamura , Manabu Morita

{"title":"Wholesalers, indirect exports, geography, and economies of scope: Evidence from firm transaction data in Japan","authors":"Tadashi Ito , Ryohei Nakamura , Manabu Morita","doi":"10.1016/j.japwor.2021.101055","DOIUrl":"https://doi.org/10.1016/j.japwor.2021.101055","url":null,"abstract":"<div><p>This study examines wholesalers’ roles in manufacturers’ exports in Japan. First, it is shown that, like in the case of manufacturing sector, a productivity sorting on the overseas activities is also present in the case of wholesalers. Namely, only the most productive wholesaler firms can engage in foreign direct investment, and the next productive wholesaler firms can participate in export activities, and the least productive wholesaler firms do domestic transactions only. Second, we investigate how the wholesalers facilitate manufacturers’ export activities in the form of indirect exports. We have found that the wholesalers through which manufacturing firms indirectly export their goods are predominantly located in Tokyo or Osaka. The probability of indirect exports is negatively correlated with distance between manufacturers and wholesalers, but there are certain threshold distances at 300–500 kilometers, over which the chance of indirect exports turns null. Another notable finding is that wholesalers’ productivities have positive correlation with the chances of indirect exports whereas manufacturers’ productivities do not matter. The number of manufacturers from which a wholesaler purchases goods, is found to have a positive correlation with the probability of indirect exports, a type of economies of scope effect.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"58 ","pages":"Article 101055"},"PeriodicalIF":1.3,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.japwor.2021.101055","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91972012","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Global value chains and servicification of manufacturing: Evidence from firm-level data 全球价值链和制造业服务化:来自企业层面数据的证据

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-06-01 DOI: 10.1016/j.japwor.2021.101074

Hyunbae Chun , Jung Hur , Nyeong Seon Son

{"title":"Global value chains and servicification of manufacturing: Evidence from firm-level data","authors":"Hyunbae Chun , Jung Hur , Nyeong Seon Son","doi":"10.1016/j.japwor.2021.101074","DOIUrl":"10.1016/j.japwor.2021.101074","url":null,"abstract":"<div><p>Recent literature on global value chains (GVCs) has mainly focused on manufacturing firms’ global sourcing and investment strategies. Our question here is that, if the manufacturing firms established foreign manufacturing plants and engaged in sourcing inputs and exporting outputs, have they changed their domestic employment composition toward service workers? This is what we call servicification of manufacturing firms in this paper. To answer this question, using Korean firm-establishments matched data, we examine changes in the shares of service employment in manufacturing firms from 2008 to 2013, when those firms are participating in both import-and-export and foreign direct investment (i.e., GVC firms). We find that the two-way trading firms that own manufacturing plants in foreign countries—and particularly in nearby foreign countries—have changed their domestic employment structures to increase the number of service workers they employ. Moreover, the relatively greater increase in the share of R&D workers than of wholesale-and-retail workers serves as further evidence of the servicification of domestic manufacturing. Overall, our findings suggest that Korean firms who engage in GVCs through both trade and foreign direct investment have reorganized domestic labor structure to be able to provide high value-added headquarter services for their manufacturing plants that are closely located in foreign countries.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"58 ","pages":"Article 101074"},"PeriodicalIF":1.3,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.japwor.2021.101074","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43960816","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7

Corrigendum to “Can the Japanese agri-food producers survive under freer trade? A general equilibrium analysis with farm heterogeneity and product differentiation” [Jpn. World Econ. 55 (2020) 101028] “在更自由的贸易下，日本农产品生产商能否生存?”农业异质性与产品差异化的一般均衡分析[j]。世界经济，55 (2020)101028 [j]

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-06-01 DOI: 10.1016/j.japwor.2021.101070

Nobuhiro Hosoe , Yuko Akune

引用次数: 0

Firm-specific human capital in different market conditions: Evidence from the Japanese football league 不同市场条件下的企业特定人力资本:来自日本足球联赛的证据

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2021-06-01 DOI: 10.1016/j.japwor.2021.101068

Eiji Yamamura , Fumio Ohtake

引用次数: 1

Are REITs more resilient than non-REITs? Evidence from natural experiments 房地产投资信托基金比非房地产投资信托基金更具弹性吗?来自自然实验的证据