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Political conflict and angry consumers: Evaluating the regional impacts of a consumer boycott on travel services trade 政治冲突与愤怒的消费者:评估消费者抵制对旅游服务贸易的区域影响
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-09-01 DOI: 10.1016/j.jjie.2022.101216
JaeBin Ahn , Theresa M. Greaney , Kozo Kiyota
{"title":"Political conflict and angry consumers: Evaluating the regional impacts of a consumer boycott on travel services trade","authors":"JaeBin Ahn ,&nbsp;Theresa M. Greaney ,&nbsp;Kozo Kiyota","doi":"10.1016/j.jjie.2022.101216","DOIUrl":"10.1016/j.jjie.2022.101216","url":null,"abstract":"<div><p>Political conflict between nations sometimes leads to consumer boycotts. We examine the regional impacts of bilateral boycott activity by investigating the 2019 Korean consumer boycott of travel to Japan. Employing triple- and double-differences designs, we find that the impact of the boycott is large and regionally heterogeneous. Japanese prefectures with high (i.e., 75th percentile) pre-boycott dependency on visitors from Korea suffer bilateral export losses of 56.9 to 60.9 percent and aggregate export losses of 10.5 to 13.3 percent. Prefectures with low (i.e., 25th percentile) Korea dependency experience bilateral losses of 47.8 to 49.7 percent and aggregate losses of 3.3 to 4.2 percent.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0889158322000259/pdfft?md5=5cc66bc94710afdcfb2c4c4def7a54d2&pid=1-s2.0-S0889158322000259-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88188480","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: 2
Assessing the impact of China shocks on intra-ASEAN trade 评估中国冲击对东盟内部贸易的影响
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-09-01 DOI: 10.1016/j.jjie.2022.101206
Kazunobu Hayakawa
{"title":"Assessing the impact of China shocks on intra-ASEAN trade","authors":"Kazunobu Hayakawa","doi":"10.1016/j.jjie.2022.101206","DOIUrl":"https://doi.org/10.1016/j.jjie.2022.101206","url":null,"abstract":"<div><p>The member countries of the Association of Southeast Asian Nations (ASEAN) have made significant efforts to increase intra-ASEAN trade by reducing or eliminating tariffs in the region. However, intra-ASEAN trade as a percentage of total trade in the region has not increased significantly; instead, ASEAN countries' imports from China have grown dramatically. In this study, we examine the causal impacts of imports from China on intra-ASEAN trade by estimating gravity-type equations for intra-ASEAN trade at a highly disaggregated product level for the period 2000–2019. In particular, we address the issues of including observations with zero-valued trade and endogeneity in a gravity equation with multiple high-dimensional fixed effects. As a result, we found that imports from China significantly increase, rather than decrease, intra-ASEAN trade.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136967870","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
Effect of the utilization of non-reciprocal trade preferences offered by the QUAD countries on beneficiary countries' economic complexity 四国提供的非互惠贸易优惠对受惠国经济复杂性的影响
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-09-01 DOI: 10.1016/j.jjie.2022.101214
Sèna Kimm Gnangnon
{"title":"Effect of the utilization of non-reciprocal trade preferences offered by the QUAD countries on beneficiary countries' economic complexity","authors":"Sèna Kimm Gnangnon","doi":"10.1016/j.jjie.2022.101214","DOIUrl":"10.1016/j.jjie.2022.101214","url":null,"abstract":"<div><p>This article aims to contribute to the nascent literature on the effect of non-reciprocal trade preferences (NRTPs) on economic complexity in beneficiary countries. It investigates the effect of NRTPs (Generalized Systems of Preferences - GSP - and other trade preferences) offered by the QUAD countries (Canada, the European Union, Japan, and the United States) on the beneficiary countries' levels of economic complexity. The analysis has used a panel dataset of 110 beneficiary countries over the period of 2002-2018, and the two-step system Generalized Method of Moments estimator. Results show that the utilization of NRTPs (either GSP programs or other trade preferences) influences positively economic complexity when beneficiary-countries' shares of exports under the relevant NRTP in total merchandise exports is very high. In addition, GSP programs and other trade preferences jointly promote economic complexity, if the utilization of either NRTP reaches high levels. The utilization of NRTPs also enhances economic complexity in countries that receive high shares of foreign direct investment flows in GDP. Finally, development aid flows are strongly complementary with the utilization of NRTPs in fostering economic complexity, especially when they reach very high amounts. One message conveyed by this analysis is that preference-granting countries (including QUAD countries) should offer both generous NRTPs and high amounts of development aid if NRTPs were to be effective in expanding the manufacturing base in the beneficiary countries, and in particular, in improving their economic complexity.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85681494","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: 2
Effects of financial frictions on employment: Evidence from Japan during the Global Financial Crisis 金融摩擦对就业的影响:来自全球金融危机期间日本的证据
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-09-01 DOI: 10.1016/j.jjie.2022.101213
Akira Fukuda
{"title":"Effects of financial frictions on employment: Evidence from Japan during the Global Financial Crisis","authors":"Akira Fukuda","doi":"10.1016/j.jjie.2022.101213","DOIUrl":"10.1016/j.jjie.2022.101213","url":null,"abstract":"<div><p>This study examines the impact of a large credit shock on employment in Japan during the Global Financial Crisis in 2008–2009. To identify which firms faced a serious credit shock, we used variations in the long-term debt that must be repaid in the crisis. Because long-term debt takes more than one year to mature, it was determined independently of employment adjustments during the crisis. Therefore, using long-term debt maturing in a crisis, it is possible to identify the impact of exogenous tightening of the borrowing constraint on employment. We found that companies with a higher ratio of long-term debt maturing during the crisis had a greater negative impact on employment. In particular, the impact increased as the period passed from the shock, and this feature was most conspicuous in the group with the highest proportion of long-term debt maturing in the crisis.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75798371","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: 1
The financial health of “swing hospitals” during the first COVID-19 outbreak 第一次COVID-19疫情期间“摇摆医院”的财务状况
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-09-01 DOI: 10.1016/j.jjie.2022.101218
Reo Takaku, Izumi Yokoyama
{"title":"The financial health of “swing hospitals” during the first COVID-19 outbreak","authors":"Reo Takaku,&nbsp;Izumi Yokoyama","doi":"10.1016/j.jjie.2022.101218","DOIUrl":"10.1016/j.jjie.2022.101218","url":null,"abstract":"<div><p>The hospitals in Japan have hitherto had complete autonomy in deciding whether to admit COVID-19 patients. In fact, they were “swinging” between admitting or not COVID-19 patients, especially during the initial COVID-19 outbreak. To address endogenous decision making, we estimated the effect of admitting COVID-19 patients on hospital profits using instrumental variable (IV) regression. We derived the IVs from the guidelines of the national government on which hospital types should admit COVID-19 patients. Our empirical results revealed that the monthly profits per bed decreased by approximately JPY 600,000 (<span><math><mo>≈</mo></math></span> USD 4615), which is 15 times the average monthly profit in 2019. This overwhelming financial damage indicates it is costly for some hospitals to treat COVID-19 patients because of their low suitability in admitting such patients. Based on the implications of our main results, we propose an alternative strategy to handling patient surges in case of new infectious disease outbreaks.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9334161/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10744301","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: 0
How does the impact of the COVID-19 state of emergency change? An analysis of preventive behaviors and mental health using panel data in Japan COVID-19紧急状态的影响如何变化?利用日本面板数据分析预防行为与心理健康
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101194
Eiji Yamamura , Yoshiro Tsutsui
{"title":"How does the impact of the COVID-19 state of emergency change? An analysis of preventive behaviors and mental health using panel data in Japan","authors":"Eiji Yamamura ,&nbsp;Yoshiro Tsutsui","doi":"10.1016/j.jjie.2022.101194","DOIUrl":"10.1016/j.jjie.2022.101194","url":null,"abstract":"<div><p>This study applies the difference-in-difference method on panel data collected from internet surveys to investigate changes in the preventive behaviors and mental health of individuals as influenced by the COVID-19 state of emergency declaration between March and June 2020. The key findings are: (1) The declaration led people to exhibit preventive behaviors but also generated negative emotions; (2) Such behaviors persisted even after deregulation of the state of emergency; (3) Making the declaration early (vs. late) had a larger effect on preventive behavior, with the gap between residents’ behaviors for areas that made early vs. late declarations persisting after the deregulation; and (4) The effects on mental health diminished during the state of emergency and disappeared after its deregulation.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8801907/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10452903","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: 9
The impact of science-intensive drugs on longevity and cure rate: Evidence from new prescription drugs launched in Japan 科学密集型药物对寿命和治愈率的影响:来自日本推出的新处方药的证据
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101203
Junichi Nishimura , Sadao Nagaoka , Mariko Yoneyama-Hirozane
{"title":"The impact of science-intensive drugs on longevity and cure rate: Evidence from new prescription drugs launched in Japan","authors":"Junichi Nishimura ,&nbsp;Sadao Nagaoka ,&nbsp;Mariko Yoneyama-Hirozane","doi":"10.1016/j.jjie.2022.101203","DOIUrl":"10.1016/j.jjie.2022.101203","url":null,"abstract":"<div><p>This paper examines how new science-intensive drugs improve the longevity of the population and the cure rate of hospitalized patients (inpatients). We develop a comprehensive longitudinal-disease-level panel data set, matched with drugs with a new molecular entity (NME) launched in Japan and classified by science intensity. Estimates suggest that the increase in the diversity of science-intensive NMEs (or NME stock) used for treating a disease significantly contributed to longevity and to the improvement of the cure rate of inpatients. In contrast, we find that non science-intensive NME stock does not significantly enhance these outcomes. Our results also suggest that controlling for the effects of surgeries does not reduce the effects of science-intensive drugs and that quality of science exploited for the discovery of an NME also plays a role in the effects. We have validated our indicator of science-intensive NMEs as a measure of the contribution of drugs to treatment, based on a survey of physicians. The results show that scientific advancement and exploitation for drug innovations critically contribute to improving human welfare.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82242623","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
The effect of public-sponsored job training in Japan 日本公共职业培训的效果
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2021.101187
Hiromi Hara
{"title":"The effect of public-sponsored job training in Japan","authors":"Hiromi Hara","doi":"10.1016/j.jjie.2021.101187","DOIUrl":"10.1016/j.jjie.2021.101187","url":null,"abstract":"<div><p>This study investigates the short-term effects of public-sponsored job training (PJT) for the unemployed on their subsequent working status and income using a large-scale Japanese government survey and the propensity score matching technique. We find a significantly positive effect on the probability of working for both men and women; however, the point estimate is larger for women than for men. We also find a gendered difference in the effects on income and probability of being employed as a regular worker, with significantly positive effects for women but no significant effects for men, suggesting that PJT might be more effective for women. We confirm that the results are robust to a range of empirical specifications.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0889158321000666/pdfft?md5=522382fe49d9a796505a0556ec222999&pid=1-s2.0-S0889158321000666-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88528901","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: 2
Welfare gains through globalization: Evidence from Japan's manufacturing sector 全球化带来的福利收益:来自日本制造业的证据
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101193
Takahide Aoyagi , Tadashi Ito , Toshiyuki Matsuura
{"title":"Welfare gains through globalization: Evidence from Japan's manufacturing sector","authors":"Takahide Aoyagi ,&nbsp;Tadashi Ito ,&nbsp;Toshiyuki Matsuura","doi":"10.1016/j.jjie.2022.101193","DOIUrl":"10.1016/j.jjie.2022.101193","url":null,"abstract":"<div><p>Welfare gains achieved through international trade are a cornerstone of the literature on international economics. However, the data and research methods needed to empirically assess these welfare gains have only recently become available. Building on recently developed methodologies for estimating the elasticity of substitution and computing welfare gains from trade, we estimate Japan's welfare gains from liberalizing trade in the manufacturing sector. To do so, we estimate the elasticities of substitution using Japanese customs data at Harmonized System (HS) 9-digit product codes. The analysis shows that Japan's welfare gains from trade liberalization occurred especially from the end of the 1990s onward, and reached 16 percent vis-à-vis the autarky situation.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S088915832200003X/pdfft?md5=dac7ffcc9eaba0a39216e2ce4d2ed844&pid=1-s2.0-S088915832200003X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90241137","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: 0
Population aging, government policy and the postwar Japanese economy 人口老龄化，政府政策和战后日本经济
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101191
Keisuke Otsu , Katsuyuki Shibayama
{"title":"Population aging, government policy and the postwar Japanese economy","authors":"Keisuke Otsu ,&nbsp;Katsuyuki Shibayama","doi":"10.1016/j.jjie.2022.101191","DOIUrl":"10.1016/j.jjie.2022.101191","url":null,"abstract":"<div><p>This paper analyzes the Postwar Japanese economy with a parsimonious neoclassical growth model that incorporates the demographic transition in Japan. We find that i) the increase in the aged population share can account for most of the decline in employment and reduced output by 8%, ii) workweek shortening policy led to a 20% reduction in output from its potential level by reducing hours worked over the 1988-1994 period, iii) the rise in labor tax led to an 11% reduction in output from its potential level by discouraging hours worked, iv) the shift in the composition of government spending may have caused a slowdown in productivity growth and hence a reduction in the potential output level itself.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86589618","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: 8
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