The Experts below are selected from a list of 288 Experts worldwide ranked by ideXlab platform
Kazuyuki Motohashi - One of the best experts on this subject based on the ideXlab platform.
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how japan us Economic Interdependence changed from 1985 to 1990 some findings from price adjusted miti intercountry input output tables
Economic Systems Research, 1998Co-Authors: Kazuyuki MotohashiAbstract:This paper consists of two parts. First, constant-price Japan-US intercountry input-output (IO) tables are compiled, based on Japan-US IO tables of the Ministry of International Trade and Industry (MITI) for 1985 and 1990, and the relative producer prices of both countries, which are estimated by the 'peeling off' method from OECD purchasing power parity data. Second, a factor decomposition analysis is carried out to show changes in Japan-US Economic Interdependence between 1985 and 1990. The Leontief inverse matrices of intercountry IO tables are decomposed into three matrices, which reflect domestic repercussion effects, spillover effects to the other country and feedback effects of own final demand from the other country. Then, a traditional decomposition analysis of changes in production for both countries is applied to see how both countries' Economic Interdependence changed. It is found that Japan-US Economic Interdependence moved from a pattern of Japan's dependence on the US to an almost equally interdependent pattern, although the degree of dependence was still higher in Japan in 1990. At the same time, there are significant industrial structural changes in the relationship between both countries, as a result of the significant appreciation of the yen relative to the dollar from 1985 to 1990.
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How Japan–US Economic Interdependence Changed from 1985 to 1990: Some Findings from Price-adjusted MITI Intercountry Input–Output Tables
Economic Systems Research, 1998Co-Authors: Kazuyuki MotohashiAbstract:This paper consists of two parts. First, constant-price Japan–US intercountry input–output (IO) tables are compiled, based on Japan–US IO tables of the Ministry of International Trade and Industry (MITI) for 1985 and 1990, and the relative producer prices of both countries, which are estimated by the ‘peeling off’ method from OECD purchasing power parity data. Second, a factor decomposition analysis is carried out to show changes in Japan–US Economic Interdependence between 1985 and 1990. The Leontief inverse matrices of intercountry IO tables are decomposed into three matrices, which reflect domestic repercussion effects, spillover effects to the other country and feedback effects of own final demand from the other country. Then, a traditional decomposition analysis of changes in production for both countries is applied to see how both countries' Economic Interdependence changed. It is found that Japan–US Economic Interdependence moved from a pattern of Japan's dependence on the US to an almost equally i...
Scott L. Kastner - One of the best experts on this subject based on the ideXlab platform.
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Economic Interdependence and Conflict
Oxford Research Encyclopedia of Politics, 2017Co-Authors: Hyo Joon Chang, Scott L. KastnerAbstract:Recent studies on commercial liberalism have paid more attention to microfoundations linking Economic Interdependence to peace. Using a bargaining model of war, these studies have specified and tested different causal mechanisms through which Economic ties function as a constraint, a source of information, or a transformative agent. Recent scholarly efforts in theoretical development and some empirical testing of different causal processes suggest the need to consider scope conditions to see when an opportunity cost or a signaling mechanism is likely to be salient. Future research can be best benefited by focusing on how Economic Interdependence affects commitment problems and empirically assessing the relative explanatory power of different causal arguments.
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Strategic Uses of Economic Interdependence: Engagement Policies on the Korean Peninsula and Across the Taiwan Strait
Journal of Peace Research, 2006Co-Authors: Miles Kahler, Scott L. KastnerAbstract:While the determinants and effectiveness of Economic sanctions have been the subject of a substantial and growing literature in international relations, much less attention has been given to Economic engagement strategies, where a country deliberately expands Economic ties with an adversary to change the target's behavior. This article develops a theoretical framework that distinguishes between three types of engagement strategies: conditional policies that directly link Economic ties to changed behavior in the target state; unconditional policies where Economic Interdependence is meant to act as a constraint on the behavior of the target state; and unconditional policies where Economic Interdependence is meant to effect a transformation in the foreign policy goals of the target state. The article presents several hypotheses concerning the conditions facilitating or hindering the successful implementation of these different strategies, and then examines engagement policies adopted by three East Asian states: South Korea, Taiwan, and mainland China. The cases offer preliminary confirmation of at least three of the hypotheses: conditional strategies are less likely to succeed when the initiating state is a democracy; transformative strategies are more likely to succeed when the target state is a democracy; and transformative strategies are more likely to succeed when a broad consensus exists in the initiating state.
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Ambiguity, Economic Interdependence, and the US Strategic Dilemma in the Taiwan Strait
Journal of Contemporary China, 2006Co-Authors: Scott L. KastnerAbstract:As tensions across the Taiwan Strait have risen in recent years, some have argued that the US policy of strategic ambiguity—under which Washington leaves unclear if and how it would intervene in a cross-Strait conflict—has outlived its usefulness because ambiguity may foster dangerous misperceptions about US intentions and hence contribute to future crises. In this essay I critically examine strategic ambiguity, and conclude that ambiguity remains the best policy available to Washington given current US goals in the Taiwan Strait. I argue that ambiguity remains essential both to deterring a Chinese attack and to restraining Taiwanese moves toward independence, but that it nonetheless carries with it inherent risks of conflict. I further argue, however, that these additional risks triggered by ambiguity per se are likely small, and hence are overshadowed by the strategic obstacles faced by the alternatives to an ambiguous policy. Moreover, I show that growing Economic Interdependence between Mainland China...
Fabio Ghironi - One of the best experts on this subject based on the ideXlab platform.
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U.S.-Europe Economic Interdependence and Policy Transmission
2000Co-Authors: Fabio GhironiAbstract:This paper proposes a microfounded general equilibrium model of the U.S. and European economies suitable for analyzing the transmission of monetary and fiscal policy shocks between the U.S. and Europe. The focus is on understanding the determinants of transatlantic Economic Interdependence. A positive analysis of the consequences of policy changes in the U.S. and Europe is made and results about the transmission of such shocks are obtained. In the model, consumer preferences in the U.S. and Europe are biased in favor of goods produced in the continent where agents reside. Hence, PPP does not hold across the Atlantic, except in steady state. However, this is not sufficient to cause overshooting of the dollar exchange rate following policy shocks. U.S. current-account surplus can be achieved by means of a monetary expansion, a persistent increase in government spending, and/or higher long-run distortionary taxes relative to Europe.
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U.S.- Europe Economic Interdependence (I): Positive Analysis
SSRN Electronic Journal, 1998Co-Authors: Fabio GhironiAbstract:This paper proposes a microfounded general equilibrium model of the U.S. and European economies suitable for analyzing monetary and fiscal policy interactions between the U.S. and Europe. The focus is on understanding the determinants of transatlantic Economic Interdependence. A positive analysis of the consequences of policy shocks in the U.S. and Europe is made and results about the transmission of such shocks are obtained.
David D. Vanhoose - One of the best experts on this subject based on the ideXlab platform.
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implications of Economic Interdependence for endogenous wage indexation decisions
The Scandinavian Journal of Economics, 1998Co-Authors: Jay H. Bryson, Chih-huan Chen, David D. VanhooseAbstract:This paper shows how Economic Interdependence affects the indexation decisions of atomistic wage setters in an environment in which monetary authorities do not observe stochastic disturbances before making their policy choices. If stochastic disturbances are common across countries, Interdependence has no effect on equilibrium indexation choices in identical countries. However, if disturbances are country specific, numerical simulations show that Interdependence is likely to reduce equilibrium indexation choices relative to a small open economy. We also show that indexation choices may be either strategic complements or strategic substitutes, but that strategic complementarity becomes more likely as the degree of Interdependence rises.
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Implications of Economic Interdependence and Exchange Rate Policy on Endogenous Wage Indexation Decisions
SSRN Electronic Journal, 1996Co-Authors: Jay H. Bryson, Chih-huan Chen, David D. VanhooseAbstract:This paper shows how Economic Interdependence affects wage indexation decisions when monetary authorities do not observe stochastic disturbances. Under a managed exchange rate, atomistic wage setters in interdependent nations will choose the same degree of indexation as they would in a small open economy. Under a flexible exchange rate, the likelihood rises that they will choose a lower degree of indexation than their counterparts in a small open economy as the degree of Interdependence rises, as the variance of money demand shocks rise relative to supply shocks, and as supply curves steepen. Finally, wage indexation choices are more likely to be strategic complements as the degree of Interdependence rises and as the variance of money demand shocks rises relative to supply shocks.
James Robert Masterson - One of the best experts on this subject based on the ideXlab platform.
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Economic Interdependence and Its Limitations: A Case Study of Recent Sino-Japanese and Sino-Korean Economic and Political Relations
2014Co-Authors: James Robert MastersonAbstract:This paper addresses the following puzzle: Why have increasing levels of Economic Interdependence (EI) led to improved political relations between China and South Korea but have not had the same effect on political relations between China and Japan? Using a most similar system design, this paper compares the relationship between trade and financial investments and political relations with the Sino-South Korean and Sino-Japanese dyads. This research examines EI and political relations within the two dyads during four major events from 1987 to 2005. The findings show that high levels of EI can improve political relations during events that do not have broad security implications. However, when security concerns are paramount in the crisis, the effects of EI are likely to be limited by the need for national leaders to react strongly to the posed threat, consolidating national support for policy.
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Analysing China’s Economic Interdependence and political relations with its neighbours:
China Information, 2012Co-Authors: James Robert MastersonAbstract:This study examines the effects that Economic Interdependence has on political relations between China and its neighbours. Three Economic liberal hypotheses are tested using data from the International Cooperation and Regional Conflicts dataset to measure dyadic political interaction along with Economic data from the IMF and China Statistical Yearbooks and control variable data from Polity IV, COW CINC, among other sources. Though a significant amount of literature addresses the effects trade has on conflict at the systemic level, few studies address it at the dyadic level and even fewer test the pacification of trade on non-Western states. Examining Economic, political, institutional, geographical, and political relations data from 1987 to 2001, this research tests the Economic liberal hypothesis which posits that Interdependence is associated with cooperative political relations between states. The findings show that trade Interdependence is generally associated with political cooperation. However, the ...
