Article ID Journal Published Year Pages File Type
5101253 Journal of the Japanese and International Economies 2017 13 Pages PDF
Abstract
Strong external demand and micro-level productivity-enhancing efforts are key determinants of export. This study gives empirical evidence on the relative importance of these two factors in generating exports. Specifically we investigate Japanese export growth in the 2000s that helped Japan exit the severe decade-long stagnation known as the lost decade. Estimating the firm-level export function, we uncover quantitatively the source of the export surge during this period. Evidence shows that firms' efforts to enhance productivity were more important than the so-called “divine wind” or exogenous external demand.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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