1,721,006 research outputs found
Decomposing and Analyzing Korea’s Declining GDP Growth: Some Cautions and Suggestions
Get PDFChin Hee Hahn and Sukha Shin (2007) have developed new decompositions of Korean economic growth from 1990 to 2004. They find that Korea’s declining GDP growth has been accompanied by a sharp decline in capital deepening and an increase in total factor productivity. By contrast, Jorgenson and Vu’s (2007) decompositions of Korea’s GDP growth find that total factor productivity decreased over this period. This paper compares the two decompositions; evaluates Hahn and Shin’s hypothesis that competition from Chinese imports may be driving the decline in GDP growth; and briefly presents four other candidates (decline in Korean savings, business cycle effects, weak IT investment, and regulatory and wealth redistribution initiatives) that could be partially responsible for the slowdown in Korean GDP growth.GDP, TFP, China, Korea, capital, labor, decomposition, productivity.
The Dog ATE my Economics Homework! Estimates of the Average Effect of Treating Hawaii’s Public High School Students with Economics*
Get PDFHawaii is one of 27 states that do not require testing of public high school students regarding their understanding of economics. We report results for the first economics test administered to a large sample of students in Hawaii public high schools during the Spring 2004 semester. Our analysis focuses on evaluating the impact of a semester-long course in economics on student scores on a 20-question, multiple-choice economics test. We specify and estimate a regression analysis of exam scores that controls for other factors that could influence student performance on the exam. While student scores on the economics exam are relatively low, completion of an economics course and participation in a stock market simulation game each add about one point to student scores.economic education, high school economics, stock market simulation
Hawai'i: eight hundred years of political and economic change Markets and governments in economic history./ Sumner La Croix.
No full textIncludes bibliographical references and index.Relative to the other habited places on our planet, Hawai'i has a very short history. The Hawaiian archipelago was the last major land area on the planet to be settled, with Polynesians making the long voyage just under a millennium ago. Our understanding of the social, political, and economic changes that have unfolded since has been limited until recently by how little we knew about the first five centuries of settlement. Building on new archaeological and historical research, Sumner La Croix assembles here the economic history of Hawai'i from the first Polynesian settlements in 1200 through US colonization, the formation of statehood, and to the present day.The short history of humans in Hawai'i -- Voyaging and settlement -- The rise of competing Hawaiian states -- Guns, germs, and sandalwood -- Globalization and the emergence of a mature natural state -- Treaties, powerful elites, and the overthrow -- Colonial political economy: Hawai'i as a U.S. territory -- Homes for Hawaiians -- Statehood and the transition to an open-access order -- The rise and fall of residential leasehold tenure in Hawai'i -- Land reform and housing prices -- The long reach of history.1 online resource
Lifetime Employment in Japan: Concepts and Measurements
Get PDFThis paper poses three fundamental questions about lifetime employment in Japan: How big is it? How unique is it? And, how is it changing? I examine different concepts and methods for estimating lifetime employment and conclude that it covers roughly 20 percent of the Japanese labor force. Job mobility remains considerably lower in Japan than in other economies (particularly the U.S.). Evidence regarding changes in lifetime employment is mixed. The share of workers in the core, an ex-ante measure of lifetime employment, is declining. But the probability of job separations has remained stable for those who are already in the system. I also find evidence that the incentives among workers, managers and executives are aligned to preserve the lifetime employment system.Lifetime employment; job mobility
Sovereign Sugar: Industry and Environment in Hawai‘i. By Carol A. MacLennan. Honolulu: University of Hawai‘i Press, 2014. Pp. xi–378. $39.00, cloth.
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