Exporting Deflation? Chinese Exports and Japanese Prices (2009)
Broda, Christian, Weinstein, David E.
Between 1992 and 2002, the Japanese Import Price Index registered a decline of almost 9 percent and Japan entered a period of deflation. We show that much of the correlation between import prices and...
Lessons from the Japanese Bubble for the U.S. (2008)
Hoshi, Takeo, Sheard, Paul, Woodford, Michael, Weinstein, David E.
The Program on Alternative Investments at the Center on Japanese Economy and Business (CJEB) of Columbia Business School and Columbia University’s Program for Economic Research and Weatherhead East...
Optimal Tariffs: The Evidence (2007)
Broda, Christian, Limão, Nuno, Weinstein, David E.
The theoretical debate over whether countries can and should set tariffs in response to the foreign export elasticities they face goes back to Edgeworth (1894). Despite the centrality of the optimal...
Defining Price Stability in Japan: A View from America (2007)
Broda, Christian, Weinstein, David E.
Japanese monetary and fiscal policy uses the consumer price index as a metric for price stability. Despite a major effort to improve the index, the Japanese methodology of calculating the CPI seems...
Happy news from the dismal science: Reassessing Japanese fiscal policy and sustainability (2004)
Broda, Christian, Weinstein, David E.
We analyze fiscal policy and fiscal sustainability in Japan using a variant of the methodology developed in Blanchard (1990). We find that Japan can achieve fiscal sustainability over a 100-year...
A search for multiple equilibria in urban industrial structure (2004)
Davis, Donald R., Weinstein, David E.
Theories featuring multiple equilibria are now widespread across many fields of economics. Yet little empirical work has asked if such multiple equilibria are salient features of real economies. We...
A search for multiple equilibria in urban industrial structure (2004)
Davis, Donald R., Weinstein, David E.
Theories featuring multiple equilibria are now widespread across many fields of economics. Yet little empirical work has asked if such multiple equilibria are salient features of real economies. We...
Technological superiority and the losses from migration (2002)
Davis, Donald R., Weinstein, David E.
Two facts motivate this study. (1) The United States is the world's most productive economy. (2) The US is the destination for a broad range of net factor inflows: unskilled labor, skilled labor, and...
Technological superiority and the losses from migration (2002)
Davis, Donald R., Weinstein, David E.
Two facts motivate this study. (1) The United States is the world's most productive economy. (2) The US is the destination for a broad range of net factor inflows: unskilled labor, skilled labor, and...
What role for empirics in international trade? (2002)
Davis, Donald R., Weinstein, David E.
In the field of international trade, data analysis has traditionally had quite modest influence relative to that of pure theory. At one time, this might have been rationalized by the paucity of...
Market size, linkages, and productivity: A study of Japanese regions (2002)
Davis, Donald R., Weinstein, David E.
One account of spatial concentration focuses on productivity advantages arising from market size. We investigate this for forty regions of Japan. Our results identify important effects of a region's...
Do factor endowments matter for north-north trade? (2002)
Davis, Donald R., Weinstein, David E.
The dominant paradigm of world trade patterns posits two principal features. Trade between North and South arises due to traditional comparative advantage, largely determined by differences in...
Bones, bombs and break points: The geography of economic activity (2002)
Davis, Donald R., Weinstein, David E.
We consider the distribution of economic activity within a country in light of three leading theories - increasing returns, random growth, and locational fundamentals. To do so, we examine the...
The factor content of trade (2002)
Davis, Donald R., Weinstein, David E.
Study of the factor content of trade has become a laboratory to test our ideas about how the key elements of endowments, production, absorption and trade fit together within a general equilibrium...
Bones, bombs and break points: The geography of economic activity (2001)
Davis, Donald R., Weinstein, David E.
We consider the distribution of economic activity within a country in light of three leading theories - increasing returns, random growth, and locational fundamentals. To do so, we examine the...
The Factor Content of Trade (2001)
Donald R. Davis, David E. Weinstein, Donald R. Davis, David E. Weinstein, Donald R. Davis, David E. Weinstein, ...
JEL No. F1 Study of the factor content of trade has become a laboratory to test our ideas about how the key elements of endowments, production, absorption and trade fit together within a general...
notice, is given to the source. What Role for Empirics in International Trade? (2001)
Donald R. Davis, David E. Weinstein, Donald R. Davis, David E. Weinstein, Jel No. F, Donald R. Davis, ...
In the field of international trade, data analysis has traditionally had quite modest influence relative to that of pure theory. At one time, this might have been rationalized by the paucity of...
Trade and growth: Import led or export led? Evidence from Japan and Korea (1999)
Lawrence, Robert Z., Weinstein, David E.
It is commonly argued that Japanese trade protection has enabled the nurturing and development internationally competitive firms. The results in our paper suggest that when it comes to TFP growth,...
Historical, structural, and macroeconomic perspectives on the Japanese economic crisis (1999)
Paul Krugman once noted that it is not remarkable that people tend to favor structural interpretations for economic problems. Losing one's job or seeing one's wealth fall by a factor of two or three...
Foreign direct investment and keiretsu: Rethinking US and Japanese policy (1996)
This paper focuses on two issues. First, a reexamination of the data on the level of foreign direct investment (FDI) in Japan suggests that foreign firms sell five to six times more in Japan than is...
Donald R. Davis, David E. Weinstein
Special thanks are due to Jim Harrigan for providing us with access to the COMTAP data. Trevor
Bombs and Break Points: The Geography of Economic Activity (1927)
Donald R. Davis, David E. Weinstein
We consider the distribution of economic activity within a country in light of three leading theories – increasing returns, random growth, and locational fundamentals. To do so, we examine the...
Donald R. Davis, David E. Weinstein
We consider the distribution of economic activity within a country in light of three leading theories – increasing returns, random growth, and locational fundamentals. To do so, we examine the...
Bones, Bombs, and Break Points: The Geography of Economic Activity
Donald R. Davis, David E. Weinstein
We consider the distribution of economic activity within a country in light of three leading theories—increasing returns, random growth, and locational fundamentals. To do so, we examine the...
Market Size, Linkages, and Productivity: A Study Of Japanese Regions
Davis, Donald R., Weinstein, David E.
markets, regions, productivity
Optimal Tariffs and Market Power: The Evidence
Christian Broda, Nuno Limao, David E. Weinstein
We find that prior to World Trade Organization membership, countries set import tariffs 9 percentage points higher on inelastically supplied imports relative to those supplied elastically. The...
The Role of Prices in Measuring the Poor's Living Standards
Christian Broda, Ephraim Leibtag, David E. Weinstein
In this paper, we revisit two pieces of conventional wisdom in the current debate about poverty, paying close attention to the price data underlying these findings: that the poor pay more than...