Japan and the World Economy最新文献_第8页

Measuring concentration in the Japanese loan and deposit markets 衡量日本贷款和存款市场的集中度

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-09-01 DOI: 10.1016/j.japwor.2022.101148

Iichiro Uesugi , Kazuki Hiraga , Masashi Manabe , Naoyuki Yoshino

{"title":"Measuring concentration in the Japanese loan and deposit markets","authors":"Iichiro Uesugi , Kazuki Hiraga , Masashi Manabe , Naoyuki Yoshino","doi":"10.1016/j.japwor.2022.101148","DOIUrl":"10.1016/j.japwor.2022.101148","url":null,"abstract":"<div><p>This study is the first to exhaustively calculate the degree of concentration in regional banking markets using the outstanding amount of loans and deposits at branches and headquarters of financial institutions<span> in Japan. Calculating the Herfindahl-Hirschman Index (HHI) for loans and deposits for each prefecture and for each urban employment area for the period 2005–2019, we show differences in the HHI across regions and developments in these differences over time. Furthermore, we decompose the level of and changes in the HHI into two components: the contribution of the number of financial institutions and the contribution of the deviation of individual financial institutions’ market share from the mean. We also examine the extent of the increase in the HHI caused by mergers of financial institutions and its persistence. The main results obtained are as follows. First, while the HHIs for loans and deposits show an upward trend, the HHI for loans in large metropolitan areas, which was already low, continued to further decline, indicating that competition among financial institutions in large metropolitan regions, which already was severe, has continued to intensify. Second, increases in the HHI are not only due to reductions in the number of financial institutions but also to the growing variation in financial institutions’ market share. And third, while an increase in the loan HHI due to a merger of financial institutions is sustained for a certain period, the duration of such an increase tends to be shorter in regions with a low market concentration.</span></p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"63 ","pages":"Article 101148"},"PeriodicalIF":1.3,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48760101","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: 0

The evolution of Japanese keiretsu networks: A review and text network analysis of their perceptions in economics 日本keiretsu网络的演变——对其经济学认知的回顾和文本网络分析

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-06-01 DOI: 10.1016/j.japwor.2022.101132

Artur F. Tomeczek

{"title":"The evolution of Japanese keiretsu networks: A review and text network analysis of their perceptions in economics","authors":"Artur F. Tomeczek","doi":"10.1016/j.japwor.2022.101132","DOIUrl":"10.1016/j.japwor.2022.101132","url":null,"abstract":"<div><p>The article aims to show how keiretsu networks have functioned, evolved, and influenced the economy of Japan over the decades. The main research method used is an in-depth literature review, while a bibliometric analysis and the path-dependence framework support it in the selection of relevant material. The keiretsu predecessors were the zaibatsu – large family-controlled conglomerates that came into prominence during the Meiji Period. The two traditional types of keiretsu are horizontal (financial) networks and vertical (industrial) networks. The key elements of the keiretsu system are the main banks, sōgō shōsha, shachō-kai (for horizontal keiretsu), and kyōryoku-kai (for vertical keiretsu). Text network analysis reveals four main themes in the literature: “Japan and the global economy,” “financial institutions of Japan,” “the theory of the keiretsu,” and “the characteristics of the Japanese firms.” The keiretsu had a positive influence on the Japanese economy during the post-war period of high economic growth. As the economy of Japan slowed down in the 1990 s, the gains from keiretsu membership became less unequivocal – which prompted a wave of mergers and modernization.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"62 ","pages":"Article 101132"},"PeriodicalIF":1.3,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47874313","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: 6

Impact of COVID-19 on trade in services 2019冠状病毒病对服务贸易的影响

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-06-01 DOI: 10.1016/j.japwor.2022.101131

Mitsuyo Ando , Kazunobu Hayakawa

{"title":"Impact of COVID-19 on trade in services","authors":"Mitsuyo Ando , Kazunobu Hayakawa","doi":"10.1016/j.japwor.2022.101131","DOIUrl":"10.1016/j.japwor.2022.101131","url":null,"abstract":"<div><p>During past shocks (e.g., the 2008–2009 global financial crisis), the services trade was found to be more resilient than the goods trade; however, the ongoing novel coronavirus (COVID-19) pandemic has restricted cross-border mobility, which is disastrous to the services trade because it often requires physical proximity between suppliers and consumers. We empirically examined the impact of COVID-19 on the services trade using quarterly data from 146 countries in 2019 and 2020. Its severity is measured according to the number of cases, the number of deaths, and an index measuring the severity of lockdown orders. We found that the pandemic had a more significantly negative impact on the services trade than the goods trade, particularly on the import side. Moreover, the extent of the impact varied among disaggregated services sectors, reflecting the nature of services. Travel services were the most severely affected, followed by transport and construction services, which are largely related to the international movement of people and goods. On the other hand, other services typically provided as cross-border supply, including computer services, experienced almost no significant effect.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"62 ","pages":"Article 101131"},"PeriodicalIF":1.3,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8915575/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10602975","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 17

The effect of price on the quality of public construction in Japan 价格对日本公共建设质量的影响

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-06-01 DOI: 10.1016/j.japwor.2022.101134

Kentaro Hatsumi , Rieko Ishii

引用次数: 1

The impact of exchange rate changes on the Japanese chemical industry 汇率变动对日本化学工业的影响

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-06-01 DOI: 10.1016/j.japwor.2022.101135

Willem Thorbecke , Nimesh Salike , Chen Chen

引用次数: 0

Population aging and labor mobility in Japan 日本人口老龄化与劳动力流动

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-06-01 DOI: 10.1016/j.japwor.2022.101130

Ryuta Ray Kato

{"title":"Population aging and labor mobility in Japan","authors":"Ryuta Ray Kato","doi":"10.1016/j.japwor.2022.101130","DOIUrl":"10.1016/j.japwor.2022.101130","url":null,"abstract":"<div><p><span>By combining the static and dynamic computable general equilibrium models, this paper explores the dynamic impact of future demographic changes on the Japanese economy with a particular focus on multisector production and overlapping generations. Several numerical results were obtained. First of all, the sectoral real GDPs of the aging-related sectors are expected to continue to increase due to the higher demand generated by the elderly, while the total real GDP is forecasted to start to decrease from year 2036 due to the shrinking population. Secondly, calculations show that nearly 60 million more workers will be needed in the private long-term care sector in year 2049 than in year 2018. Thirdly, if a 90 percent inflow of additionally needed labor force to the medical services sector were to be obstructed, the total real GDP would shrink by 0.064 percent. If the same inflow obstruction were to occur to the private long-term care sector, the total real GDP would shrink by 0.030 percent. Fourthly, while a negative impact of the inelastic </span>labor mobility was seen in almost all simulations, the impact of an obstruction in the medical service sector was found to be positive for the pharmaceutical sector due to substitution effect. Finally, the inelastic labor mobility will not only reduce the Japanese economic performance but also welfare, the extent of which depends on the duration of labor immobility. Thus, it is crucial for future economic growth as well as welfare of aging Japan that the additionally needed labor inflow to all aging-related sectors occurs smoothly.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"62 ","pages":"Article 101130"},"PeriodicalIF":1.3,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41366401","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

Comparison of the price adjustment program and subsidy scheme in Japan: Evaluation of domestic sugar support policy to internalize positive externalities 日本价格调整方案与补贴方案之比较:国内食糖支持政策内部化正外部性之评价

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-03-01 DOI: 10.1016/j.japwor.2022.101118

Takashi Fujimoto , Masahide Watanabe

引用次数: 2

Estimating the elasticity of taxable income: Evidence from top Japanese taxpayers 估计应税收入的弹性:来自日本顶级纳税人的证据

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-03-01 DOI: 10.1016/j.japwor.2022.101116

Takeshi Miyazaki , Ryo Ishida

引用次数: 1

What drives the regional disparities in municipal national health insurance premiums? 是什么导致了城市医保保费的地区差异?

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-03-01 DOI: 10.1016/j.japwor.2022.101117

Ruka Kurono

引用次数: 0

Evaluating Japan's corporate income tax reform using firm-specific effective tax rates 用企业特定有效税率评价日本企业所得税改革

IF 1.3 4区经济学

Japan and the World Economy Pub Date : 2022-03-01 DOI: 10.1016/j.japwor.2022.101115

Toshiyuki Uemura

引用次数: 1