Japan out of the Lost Decade : : Divine Wind or Firms’ Effort? / / Ichiro Tokutsu, Kazuo Ogawa, Mika Saito

• Autore: Tokutsu Ichiro
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2012
• Descrizione fisica: 1 online resource (41 p.)
• Soggetto topico: Exports - Japan; Exports and Imports; Infrastructure; Production and Operations Management; Financial Markets and the Macroeconomy; Empirical Studies of Trade; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General; Trade: General; Production; Cost; Capital and Total Factor Productivity; Capacity; Macroeconomics: Production; Industry Studies: Transportation and Utilities: General; International economics; Macroeconomics; Exports; Total factor productivity; Export performance; Productivity; Transportation; International trade; National accounts; Industrial productivity; Saving and investment
• Soggetto geografico: Japan Economic conditions 1989-; China, People's Republic of
• Altri autori: OgawaKazuo SaitoMika
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; 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 ; 8. 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 ; 6. 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
• Sommario/riassunto: A surge of exports in the 2000s 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 factors. Evidence shows that firms' efforts were more important than the divine wind.
• Titolo autorizzato: Japan out of the Lost Decade
• ISBN: 1-4755-8252-8; 1-4755-3004-8
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910786483703321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2012/171