Japan out of the lost decade [[electronic resource] ] : divine wind or firms' effort? / / prepared by Kazuo Ogawa, Mika Saito, and Ichiro Tokutsu

• Autore: Ogawa Kazuo
• Pubblicazione: Washington, DC, : International Monetary Fund, 2012
• Descrizione fisica: 1 online resource (41 p.)
• Soggetto topico: Exports - Japan
• Soggetto geografico: Japan Economic conditions 1989-
• Soggetto genere / forma: Electronic books.
• Altri autori: SaitoMika <1967-> TokutsuIchirō <1953->
• 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 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
• 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.: 9910462246803321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers