International relocation, the real exchange rate and effective demand

Johdo, Wataru; Hashimoto, Kazuhito

doi:10.1016/j.japwor.2007.09.001

Cited by 18 publications

(13 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…19 Figure 5 is essentially the same as Ono (1994, figures 4.1;2001, figure 5). See Matsuzaki (2003), Hashimoto (2004), Johdo (2006Johdo ( , 2008aJohdo ( , 2008b, Ono (2006), Rodríguez-Arana (2007), Johdo and Hashimoto (2009) and Ono and Ishida (2009) for the same type of stagnation. Whereas they assume that the marginal utility of money remains positive, we do not assume it; however, persistent unemployment occurs.…”

Section: Unemployment and Liquidity Trap 349mentioning

confidence: 99%

Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap

Murota

Ono

2011

Metroeconomica

View full text Add to dashboard Cite

show abstract

Section: Unemployment and Liquidity Trap 349mentioning

confidence: 99%

Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap

Murota

Ono

2011

Metroeconomica

View full text Add to dashboard Cite

show abstract

“…Johdo and Hashimoto (2009) analyze the effect of corporate tax on employment and aggregate demand in a two-country model where unemployment is caused by insufficient aggregate demand, and monopolistic firms produce heterogeneous commodities using only labor. Exbrayat et al (2012) examine international capital-tax competition by assuming technology with fixed amounts of labor and capital inputs which are unrelated to the level of output.…”

Section: Introductionmentioning

confidence: 99%

The Welfare Effects of Attracting Foreign Direct Investment in the Presence of Unemployment

Ogawa

Ono

2016

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract We develop a 2 × 2 × 2 model with the following features: (1) one sector is perfectly competitive while the other is oligopolistic; (2) one country has unemployment while the other attains full employment; (3) oligopolists move internationally; and (4) the ownership of each oligopolist is internationally shared. The welfare effects of various tax-cum-subsidies are examined. If the oligopolistic sector is capital intensive, subsidizing the oligopolists' profits, inflows, production or employment is more likely to harm the country. The number of domestically based oligopolists, the volume of domestic demand for the oligopoly-produced commodity, and the country's ownership share of oligopolists also influence the effect. Terms of use: Documents in EconStor may

show abstract

“…In this model, Ono (2006) considers the spillover effects of fiscal and monetary policy on effective demand in a two‐country economy. Furthermore, Johdo and Hashimoto (2009) introduce foreign direct investment into a two‐country monopolistic competition model with a stagnation mechanism and analyze the effect of corporate taxation on employment in each country. These studies do not, however, embody any form of international outsourcing.…”

Section: Introductionmentioning

confidence: 99%

International Outsourcing, the Real Exchange Rate and Effective Demand

Hashimoto

2010

Metroeconomica

Self Cite

View full text Add to dashboard Cite

We develop a two-country model of international trade with outsourcing opportunities, and analyze the effects of outsourcing on employment and effective demand under stagnation. Increased outsourcing proves not only to lower employment but also to depreciate the real exchange rate which has the effect of boosting employment. The latter also dominates the former, such that employment and consumption are stimulated. The home and foreign countries respond in opposite ways, however, to the production shift and the real exchange rate adjustment. Furthermore, we find that the effects of outsourcing on consumption are opposite in the presence, and the absence, of unemployment.

show abstract

International relocation, the real exchange rate and effective demand

Cited by 18 publications

References 11 publications

Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap

Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap

The Welfare Effects of Attracting Foreign Direct Investment in the Presence of Unemployment

International Outsourcing, the Real Exchange Rate and Effective Demand

Contact Info

Product

Resources

About