| Description |
1 online resource (40 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/12/171 |
|
IMF working paper ; WP/12/171.
|
| Contents |
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 Equipment9. 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: 1999-2007VI. 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 |
| Summary |
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 |
| Notes |
Title from PDF title page (IMF Web site, viewed July 11, 2012) |
| Bibliography |
Includes bibliographical references |
| Notes |
"Strategy, Policy, and Review Department." |
|
"July 2012." |
| Subject |
Exports -- Japan
|
|
Industrial productivity -- Japan
|
|
BUSINESS & ECONOMICS -- Economics -- General.
|
|
BUSINESS & ECONOMICS -- Reference.
|
|
Exports
|
|
Industrial productivity
|
|
Japan
|
| Form |
Electronic book
|
| Author |
Saito, Mika, 1967- author.
|
|
Tokutsu, Ichirō, 1953- author.
|
|
International Monetary Fund. Strategy, Policy, and Review Department.
|
| ISBN |
9781475590401 |
|
1475590407 |
|
1475505191 |
|
9781475505191 |
|
1475530048 |
|
9781475530049 |
|
1475582528 |
|
9781475582529 |
|
