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Corporate cash holding in Asia
Horioka, Charles Yuji; Terada-Hagiwara, Akiko - 2013
In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002 - 2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of...
Persistent link: https://www.econbiz.de/10010332288
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Trade reforms, deforestation and industrial pollution in developing countries: One size does not fit all
Coxhead, Ian; Jayasuriya, Sisira - 2005
Many developing countries possess comparative advantage both in natural resources and in labor-intensive industries, and experience both industrial pollution and natural resource degradation. We present a model that incorporates these stylized facts together with key spatial features and...
Persistent link: https://www.econbiz.de/10010332378
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First-to-invent versus first-to-file: International patent law harmonization and innovation
Miyagiwa, Kaz - 2007
innovation. We evaluate this argument in a dynamic stochastic model of a patent race. The result generally supports the …
Persistent link: https://www.econbiz.de/10010332206
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Quality improvement to meet competitive fringe
Matsushima, Noriaki; Liu, Ren-Jye - 2012
We investigate what kind of competitive pressure induces existing firms to engage in more intensive innovation …
Persistent link: https://www.econbiz.de/10010332353
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Collusion and research joint ventures
Miyagiwa, Kaz - 2007
&D race while maintaining the collusive equilibrium in a repeated-game framework. Innovation under competitive R&D creates … inter-firm asymmetries, which destabilizes the collusive equilibrium. Innovation sharing through cooperative R&D preserves … the collusion stability but also raises social welfare. Interestingly, a welfare improvement is less likely if innovation …
Persistent link: https://www.econbiz.de/10010332459
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The determinants and long-term projections of saving rates in developing Asia
Horioka, Charles Yuji; Terada-Hagiwara, Akiko - 2011
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia … Asia have, in general, been high and rising but that there have been substantial differences from economy to economy and … rates in developing Asia for the 2011-2030 period based on our estimation results and find that the domestic saving rate in …
Persistent link: https://www.econbiz.de/10010332273
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The causes of Japan's 'lost decade': The role of household consumption
Horioka, Charles Yuji - 2006
In this paper, I analyze the causes of the prolonged slowdown of the Japanese economy in the 1990s and find that the stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the stagnation of household consumption during the 1990s...
Persistent link: https://www.econbiz.de/10010332277
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Robust cyclical growth
Mukherji, Anjan - 2003
The stability of cyclical growth within the context of a model in Matsuyama (1999) is examined. It is shown that but for an extreme situation, the two-cycles are unique and a range of parameter values which imply the stability of such cyclical growth is derived. The growth enhancing property of...
Persistent link: https://www.econbiz.de/10010332291
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The demise of bank-centered economy and increasing roles of credit rating in Japan
Yamori, Nobuyoshi; Asai, Yoshihiro - 2006
After the burst of the bubble economy, Japanese economy has been changed drastically. Traditionally, Japanese economy was characterized as a bank-centered economy, but the banking system did not function well in the 1990's. Responding to banking problems, the Japanese government initiated the...
Persistent link: https://www.econbiz.de/10010332333
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Financial distress and corporate investment: The Japanese case in the 90s
Ogawa, Kazuo - 2003
We examine quantitatively the extent to which financial distress in the 90s affected Japanese corporate investment. Based on the firm-level data that includes small, unlisted firms, we estimate investment function to measure the impact of financial distress on investment. We find that the firm's...
Persistent link: https://www.econbiz.de/10010332354