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51.
How Did the Dollar Peg Fail in Asia? 总被引:1,自引:0,他引:1
Takatoshi Ito Eiji Ogawa Yuri Nagataki Sasaki 《Journal of the Japanese and International Economies》1998,12(4):256-304
In this paper, we have constructed a theoretical model in which the Asian firm maximizes its profit, competing with the Japanese and the U.S. firms in their markets. The duopoly model is used to determine export prices and volumes in response to the exchange rate fluctuations vis-à-vis the Japanese yen and the U.S. dollar. Then, the optimal basket weight that would minimize the fluctuation of the growth rate of trade balance was derived. These are the novel features of our model. The export price equation and export volume equation are estimated for several Asian countries for the sample period from 1981 to 1996. Results are generally reasonable. The optimal currency weights for the yen and the U.S. dollar are derived and compared with actual weights that had been adopted before the currency crisis of 1997. For all countries in the sample, it is shown that the optimal weight of the yen is significantly higher than the actual weight.J. Japan. Int. Econ.,Dec. 1998,12(4), pp. 256–304. Institute of Economic Research, Hitotsubashi University, Kunitachi, Tokyo 186, Japan; Department of Commerce, Hitotsubashi University, Kunitachi, Tokyo 186, Japan; Department of Commerce, Takachiho University, Suginami, Tokyo 168, Japan.Copyright 1998 Academic Press.Journal of Economic LiteratureClassification Numbers F31, F33, O11. 相似文献
52.
Eiji Yamane 《The Journal of economic education》2013,44(4):273-276
The emphasis in teaching economics in Japan at this level is upon real-life situations rather than upon concepts and generalities, according to the author. The actual content as outlined, however, does not seem to differ all that much from the curriculum we are familiar with in the United States. 相似文献
53.
Eiji Yamamura 《International economic journal》2015,29(3):359-374
Although natural disasters have been found to influence economic growth, their impact on income inequality has not yet been explored. This paper uses cross-country panel data during the period 1965 to 2004 to examine how the occurrence of natural disasters has affected income inequality. The major findings of this study are that although natural disasters have increased income inequality in the short (5 years) term, this effect disappears in the long term (10 years). These findings are observed even after the fixed effects of year and country are controlled for. 相似文献
54.
Eiji Yamamura 《Annals of Public and Cooperative Economics》2013,84(1):103-117
The Great Hanshin‐Awaji (Kobe) earthquake in 1995 has had a significant detrimental effect on the economic conditions of southern‐central Japan. However, the earthquake also led people to acknowledge the importance of the many volunteer activities in Japan at that time. Using a large sample of individual‐level data from 1991 and 1996, this study investigates how and the extent to which the earthquake increased the participation of students and house‐workers in volunteer activities. After controlling for various individual characteristics, a Heckman‐Tobit model was used and the following key findings were obtained: (1) the probability of students’ participating in volunteer activities was 2% higher after the earthquake than before, and (2) the number of days that students spent participating in volunteer activities was 4.38 days longer after the earthquake than before. However, the same did not hold true for house‐workers. 相似文献
55.
This study aims at identifying the factors of aggregate and disaggregate crime categories in Japan over the period 1964–2009. All crime categories are related to police outlays, police numbers, unemployment, divorce and urbanization rates. Bounds testing approach to cointegration is implemented to test the existence of a long-run relationship amongst the variables. Cointegration analysis yields that the main deterrent effect on crime is the police presence and this factor is further confirmed by the real police outlays. As for the essential cause of crime, urbanization stands as the leading factor which is followed by divorce and unemployment rates. Policy implications are discussed. 相似文献
56.
Jorge Gómez-Paredes Eiji Yamasue Hideyuki Okumura Keiichi N. Ishihara 《Economic Systems Research》2015,27(4):415-439
As addressing labour becomes crucial in the move towards sustainability, there is the need for assessment tools suitable for current complex economic systems. This article presents an input–output based framework (‘labour footprint’) for evaluating labour issues behind the production of different economic commodities, including entire supply chains. In line with the guidelines of the International Labour Organization, six labour issues are considered: collective bargaining, forced labour, child labour, gender inequality, hazardous work, and social security. This conceptual article sets to (a) define this footprint's labour dimensions, (b) cite relevant data sources, (c) describe its calculation, (d) illustrate its application through a case study, and (e) discuss this framework's relevance from ‘conscious consumption’, ‘supply chain responsibility’, and regulators' standpoints. Since it advances the evaluation of fundamental labour issues and the scope of multi-criteria analyses, this footprint may be a valuable tool for sustainability assessments. 相似文献
57.
Eiji Yamamura 《International Review of Economics》2011,58(4):385-400
This paper explores the relationship between social capital and self-rated health status in Japan, and how this is affected
by the labor market. Data of 3,075 adult participants in the 2000 Social Policy and Social Consciousness survey were used.
Controlling for endogenous bias, the main finding is that social capital has a significant positive influence on health status
for people without a job but not for those with. This empirical study provides evidence that people without a job can afford
to allocate time to accumulate social capital and thereby improve their health status. 相似文献
58.
59.
Pitfalls in Measuring Exchange Rate Misalignment 总被引:1,自引:1,他引:0
We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework
built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty
and serial correlation are accounted for, there is little statistical evidence that the RMB is undervalued, even though the
usual regression point estimates indicate substantial misalignment. The result is robust to various choices of country samples
and sample periods, as well as to the inclusion of control variables. We then update the results using the latest vintage
of the data to demonstrate how fragile the results are. We find that whatever misalignment we detected in our previous work
disappears in this data set.
相似文献
Eiji FujiiEmail: |
60.
We analyze the effect of a wife??s human capital on her husband??s earnings, using individual-level data for Japan in the period 2000?C2003. We find a positive association between a wife??s education and her husband??s earnings, which can be attributed to the assortative mating effect as well as the positive effect of an educated wife on her husband??s productivity. We divide the sample into those couples with non-working wives and those with working wives, and also employ an estimation strategy proposed by Jepsen (Review of Economics of the Household 3:197?C214, 2005), attempting to control for the assortative mating effect. Our regression analysis provides suggestive evidence that educated wives increase their husbands?? productivity and earnings only when they are non-workers and have sufficient time to support their husbands. 相似文献