LEADER 03592nam 2200505Ia 450 001 9910462246803321 005 20200520144314.0 010 $a1-4755-8252-8 010 $a1-4755-3004-8 035 $a(CKB)2670000000278849 035 $a(EBL)1606826 035 $a(MiAaPQ)EBC1606826 035 $a(Au-PeEL)EBL1606826 035 $a(CaPaEBR)ebr10627070 035 $a(OCoLC)870245009 035 $a(EXLCZ)992670000000278849 100 $a20111102d2012 uy 0 101 0 $aeng 135 $aurcn||||||||| 200 10$aJapan out of the lost decade$b[electronic resource] $edivine wind or firms' effort? /$fprepared by Kazuo Ogawa, Mika Saito, and Ichiro Tokutsu 210 $aWashington, DC $cInternational Monetary Fund$d2012 215 $a1 online resource (41 p.) 225 0 $aIMF working paper ;$v12/171 300 $aDescription based upon print version of record. 311 $a1-4755-0519-1 320 $aIncludes bibliographical references. 327 $aCover; Contents; I. Introduction; Figures; 1. Export Contribution of GDP Growth Rate; 2. Japanese Export by Destination; II. Model; A. Export Behavior; Tables; 1. Average Annual Growth Rate of Export by Destination; B. Equilibrium Export Price; C. Role of External Finance to Exporters; III. Data Description; 3. Log of TFP by Year: General Machinery; 4. Log of TFP by Year: Electrical Machinery; 5. Log of TFP by Year: Transportation Equipment; 6. Price-Cost Margin by Year: General Machinery; 7. Price-Cost Margin by Year: Electrical Machinery 327 $a8. Price-Cost Margin by Year: Transportation Equipment 9. Real Export by Year: General Machinery; 10. Real Export by Year: Electrical Machinery; IV. Estimation Results and Implications; A. Export Functions; 11. Real Export by Year: Transportation Equipment; 2. Estimation Results of Export Function (Panel IV Method); B. Price-Cost Margin Equation; 3. Estimation Results of Export Function (Simple Panel Method); C. Reverse Causality from Exports to Productivity; 4. Estimation Results of Price-Cost Margin Function; V. External Demand versus Productivity Gain; 5. Estimation Results of TFP Function 327 $a6. Contribution of Each Independent Variable to Export: 1999-2007 VI. Concluding Remarks; Appendixes Data Appendix; Appendix Tables; A1. Descriptive Statistics by Year: General Machinery; A2. Descriptive Statistics by Year: Electrical Machinery; A3. Descriptive Statistics by Year: Transportation Equipment; References 330 $aA surge of exports in the 2000's helped Japan exit the severe decade-long stagnation known as the lost decade. Using panel data of Japanese exporting firms, we examine the sources of the export surge during this period. One view argues that the so-called ""divine wind"" or exogenous external demand boosted Japanese exports. The other view emphasizes the role of supply factors such as productivity gains, materialized after long-fought restructuring efforts during the lost decade. Estimating the firm-level export function allows us to assess the relative importance of these demand and supply fact 410 0$aIMF Working Papers 606 $aExports$zJapan 607 $aJapan$xEconomic conditions$y1989- 608 $aElectronic books. 615 0$aExports 700 $aOgawa$b Kazuo$0943528 701 $aSaito$b Mika$f1967-$0900468 701 $aTokutsu$b Ichiro?$f1953-$0928106 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910462246803321 996 $aJapan out of the lost decade$92129443 997 $aUNINA