Journal of the Japanese and International Economies最新文献_第5页

Information effects of monetary policy 货币政策的信息效应

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-08-09 DOI: 10.1016/j.jjie.2023.101276

Yusuke Tanahara, Kento Tango, Yoshiyuki Nakazono

引用次数: 0

Cross-regional heterogeneity in health and economic outcomes during the COVID-19 pandemic: An analysis of Japan COVID-19大流行期间卫生和经济结果的跨区域异质性:对日本的分析

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-07-26 DOI: 10.1016/j.jjie.2023.101275

Shotaro Beppu , Daisuke Fujii , Hiroyuki Kubota , Kohei Machi , Yuta Maeda , Taisuke Nakata , Haruki Shibuya

引用次数: 0

Debt issuance incentives and creative accounting: Evidence from municipal mergers in Japan 债务发行激励和创造性会计：来自日本市政合并的证据

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-06-01 DOI: 10.1016/j.jjie.2023.101259

Tsuyoshi Goto , Genki Yamamoto

{"title":"Debt issuance incentives and creative accounting: Evidence from municipal mergers in Japan","authors":"Tsuyoshi Goto , Genki Yamamoto","doi":"10.1016/j.jjie.2023.101259","DOIUrl":"https://doi.org/10.1016/j.jjie.2023.101259","url":null,"abstract":"<div><p>Creative accounting has been a considerable problem in the field of governance and has caused serious economic issues. However, how governments determine the scale of creative accounting is unknown in the existing literature.</p><p>We study whether a difference in the usage and the scale of creative accounting is determined by the intensity of the incentive to issue excessive debt. To study this, we focus on municipal mergers, a well-known setting wherein smaller merging municipalities have a stronger incentive to enjoy freeriding and issue debt since the debt burden will be shared and mainly owed by larger merging municipalities. This setting enables us to use the relative population size as a continuous treatment representing the strength of debt issuance incentives, whereas existing papers focused on binary treatments. Utilizing the data of Japanese municipal mergers, we find that governments with small relative populations, which have a strong debt issuance incentive, employed creative accounting more intensively than others. Moreover, we investigate how governments used the money obscured through creative accounting for the first time and find that it was not used to overcome financial difficulties nor increase politicians’ pecuniary gains but to increase resident welfare.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"68 ","pages":"Article 101259"},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49777183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Cross-country evidence on the allocation of COVID-19 government subsidies and consequences for productivity 关于COVID-19政府补贴分配及其对生产力影响的跨国证据

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-06-01 DOI: 10.1016/j.jjie.2023.101246

Tommaso Bighelli , Tibor Lalinsky , Juuso Vanhala

引用次数: 5

Assessing carbon emissions embodied in international trade based on shared responsibility 基于共同责任评估国际贸易中的碳排放

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-06-01 DOI: 10.1016/j.jjie.2023.101260

Palizha Airebule , Haitao Cheng , Jota Ishikawa

{"title":"Assessing carbon emissions embodied in international trade based on shared responsibility","authors":"Palizha Airebule , Haitao Cheng , Jota Ishikawa","doi":"10.1016/j.jjie.2023.101260","DOIUrl":"https://doi.org/10.1016/j.jjie.2023.101260","url":null,"abstract":"<div><p>We study the carbon emissions of the world's five highest carbon emitters under three different criteria. In particular, we explore the shared responsibility (SR) criterion, under which both producers and consumers share the responsibility for emissions. Employing the multi-region input-output model to calculate the SR based on the value-added method, we can investigate carbon emissions at both national and sectoral levels. Between 2002–2014, carbon emissions in China and India grew dramatically. SR increased by 157% in China and 116% in India. The main driving force of China's carbon emissions was the rapid growth of its exports, and the main driver of India's carbon emissions was its high carbon-intensive production technologies. Although carbon emissions had a declining trend in the USA and Japan, it could have resulted from cross-border carbon leakage. More than 40% of the five countries’ national carbon emissions under SR were attributed to “electricity, gas, steam and air conditioning supply”. This overwhelming share was attributable to their large amounts of production and high carbon emission intensity.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"68 ","pages":"Article 101260"},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49777186","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Does inheritance taxation reform promote to build inexpensive rental housing? 遗产税改革是否促进了廉价租赁住房的建设？

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-06-01 DOI: 10.1016/j.jjie.2023.101255

Naoto Mikawa , Shohei Yasuda , Norifumi Yukutake

引用次数: 1

COVID-19 and the employment gender gap in Japan 2019冠状病毒病与日本就业性别差距

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-06-01 DOI: 10.1016/j.jjie.2023.101256

Taiyo Fukai , Masato Ikeda , Daiji Kawaguchi , Shintaro Yamaguchi

引用次数: 30

Fiscal capacity and commercial bank lending under COVID-19 新冠肺炎疫情下的财政能力和商业银行贷款

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-06-01 DOI: 10.1016/j.jjie.2023.101261

Joshua Aizenman , Yothin Jinjarak , Mark M. Spiegel

{"title":"Fiscal capacity and commercial bank lending under COVID-19","authors":"Joshua Aizenman , Yothin Jinjarak , Mark M. Spiegel","doi":"10.1016/j.jjie.2023.101261","DOIUrl":"10.1016/j.jjie.2023.101261","url":null,"abstract":"<div><p>We investigate the implications of government indebtedness for the efficacy of expansionary government spending in encouraging commercial bank lending growth during the COVID-19 pandemic. Our sample is a large cross-section of over 3000 banks from 71 countries. To address the likely endogeneity of government assistance, we instrument for extra-normal spending using disparities in pre-existing national political characteristics. Our results indicate that bank lending did respond to fiscal capacity, as higher public debt going into the crisis weakened the expansionary effects of higher spending on bank lending at economically and statistically significant levels. Moreover, this sensitivity was higher among weaker banks, suggesting sensitivity to the perceived implications of spending for government assistance going forward. We also found greater sensitivity in high-income economies and for small and medium-sized banks. Our results are robust to a variety of robustness tests, including perturbations in specification, sample, and estimation methodology.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"68 ","pages":"Article 101261"},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10065058/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9467785","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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: 1

The China shock and job reallocation in Japan 中国冲击与日本的就业再分配

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-06-01 DOI: 10.1016/j.jjie.2023.101257

Masahiro Endoh

引用次数: 0

The impact of the COVID-19 pandemic on global GDP growth COVID-19大流行对全球GDP增长的影响

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2023-06-01 DOI: 10.1016/j.jjie.2023.101258

Joseph E. Gagnon , Steven B. Kamin , John Kearns

{"title":"The impact of the COVID-19 pandemic on global GDP growth","authors":"Joseph E. Gagnon , Steven B. Kamin , John Kearns","doi":"10.1016/j.jjie.2023.101258","DOIUrl":"10.1016/j.jjie.2023.101258","url":null,"abstract":"<div><p>This paper describes one of the first attempts to gauge the effect of the COVID-19 pandemic on the global trajectory of real GDP over the course of 2020 and 2021. It is also among the first efforts to distinguish between the role of domestic variables and global trade in transmitting the economic effects of COVID-19. We estimate panel data regressions of the quarterly growth in real GDP on pandemic variables for 90 countries over the period 2020 Q1 through 2021 Q4. We find that readings on the number of COVID-19 deaths had a very small effect in our aggregate sample. On the other hand, changes in the stringency of the lockdown measures taken by governments to restrict the spread of the virus were an important influence on GDP. The economic effects of the pandemic differed between rich and poor countries: COVID-19 deaths exerted a somewhat greater drag on GDP in advanced economies, although this difference was not statistically significant, whereas lockdown restrictions were more injurious to economic activity in emerging and developing economies. In addition to these domestic pandemic effects, global trade represented a significant channel through which the economic effects of the pandemic spilled across national borders. This finding underscores how globalization makes each country vulnerable not only to medical contagion from the COVID-19 pandemic, but to economic contagion as well.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"68 ","pages":"Article 101258"},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10030258/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9465935","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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: 8