J Bhagwati… - Journal of Development Economics, 1974 - faculty.arec.umd.edu
Nearly the entire theoretical literature on the effects of the'brain drain'from the less
developed countries on their welfare has been undertaken in the framework of neoclassical
models of the Hicks-Samuelson value-theoretic variety. 1 While the analysts in this genre ...
K Hamada - The Journal of Political Economy, 1976 - JSTOR
Applying the monetary approach to the balance of payments, this paper examines the
interdependent nature of monetary policies. In an n-country game where each monetary
authority decides on its credit expansion to maximize its objective function, it is shown that ...
K Hamada - Journal of International Economics, 1974 - Elsevier
Abstract This paper presents a theoretical framework to analyze the economic implication of
a duty-free zone, where duties are exempted in order to attract foreign investments. Using
the standard two-factor, two-commodity trade model, it is shown that in the absence of ...
K Hamada - The Quarterly Journal of Economics, 1966 - qje.oxfordjournals.org
The benefits and costs of international investment are of great concern to the capital-importing
as well as to the capital-exporting countries of the world. Tax treatment of income originating
from international investment is an important issue of economic policy. Recently ...
K Hamada - 1985 - mitpress.mit.edu
Koichi Hamada has made seminal contributions to the study of economic interdependence
and was one of the key originators of the game-theoretic approach to the topic. In this book,
he applies current methods of game theory, public economics, and oligopoly theory to the ...
[CITATION] Alternative exchange rate systems and the interdependence of monetary policies
K Hamada - National Monetary Policies and the International …, 1974
[CITATION] Economic growth and long-term international capital movements
K Hamada - 1965
J Bhagwati… - Journal of Public Economics, 1982 - faculty.arec.umd.edu
Recent policy and theoretical discussions of the effects of highly skilled migration from the
underdeveloped countries, the so-called'brain drain', have focused on a proposal [Bhagwati
(1972)] to levy a (supplementary) income tax on those who migrate, the proceeds of such ...
K Hamada - The Journal of Political Economy, 1969 - JSTOR
In an earlier paper (Hamada, 1966), the author investigated the optimal capital accumulation
policy of an open economy which faces a perfect international capital market. There it was
assumed that the external interest rate is constant regardless of the amount the country ...
K Hamada… - The Economic Journal, 1977 - JSTOR
Since the breakdown of the Smithsonian agreement, many countries in the world have
adopted the system of floating exchange rates. But, central banks often engage in buying or
selling operations in the exchange market in order to reduce the variability of exchange ...
K Hamada… - European Economic Review, 1984 - Elsevier
This paper studies the question whether the celebrated 'Okun's law', a relation between
excess capacity and unemployment, applies to the postwar Japanese economy. Though the
fitness of estimation is weak, the coefficient that measures the responsiveness of the ...
[CITATION] Monetary policy in postwar Japan
K Hamada… - Monetary Policy in Our Times, 1985 - Massachusetts: MIT Press
K Hamada… - Journal of Development Economics, 1975 - Elsevier
Abstract An earlier paper by Bhagwati and Hamada (1974) presented a theoretical analysis
of the brain drain in the context of wage rigidity and unemployment. This paper extends the
analysis by modifying the model to incorporate the phenomena of overqualification, ...
K Hamada - The American Economic Review, 1976 - JSTOR
The Coase Theorem states that under certain ideal conditions resource allocation is
unaffected by liability rules. This result, however, applies only in the absence of transaction
or negotiation costs. Moreover, even though resource allocation remains unaffected, the ...
K Hamada… - The Journal of Political Economy, 1978 - JSTOR
This paper studies the transmission of economic fluctuations under flexible and fixed
exchange rates. In a model incorporating short-run and long-run Phillips curves, two
channels of interdependence are studied: one through the balance of payments and the ...
[CITATION] Macroeconomic strategy and coordination under alternative exchange rates
K Hamada - … Economic Policy, Johns Hopkins University Press, …, 1979
K Hamada - Journal of Economic Theory, 1973 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
K Hamada… - Macroeconomic Policy in Open …, 1997 - books.google.com
In the contemporary industrial world, national economies are tightly interwoven by the
network of international trade in goods, services, assets, and labor. Accordingly, there is
strong interdependence of commercial as well as macroeconomic policies among ...
K Botchwey, P Collier, JW Gunning… - Washington, DC, …, 1998 - perjacobsson.org
Structural Adjustment Facility (ESAF). The evaluation group was originally made up of Dr.
Kwesi Botchwey, Harvard Institute for International Development (Coordinator and
Convenor); Professor Paul Collier, Centre for the Study of African Economies, Oxford ...
[CITATION] Censored income distributions and the measurement of poverty
K Hamada… - Bulletin of the International Statistical Institute, 1977
T Hirabayashi, H Takayasu, H Miura… - Fractals, 1993 - worldscinet.com
Abstract: We analyze the behavior of deterministic threshold dynamics in a model of stock
market. We observe global trends in the virtual market prices and find a kind of phase
transition. At the critical region, the macroscopic variable of stock market price shows ...
[CITATION] Taxing the brain drain: A global point of view
K Hamada - The New International Economic Order: The North- …, 1977
K Hamada - The Review of Economic Studies, 1967 - JSTOR
1. One of the possible objections to income transfers from the capitalists to the workers
would be that it reduces the over-all saving ratio of an economy and retards capital
accumulation. If the average propensity to save of the capitalists is larger than that of the ...
[CITATION] External Evaluation of ESAF
K Botchwey, JW Gunning, Y Onitsuka… - International Monetary Fund, …, 1998
S Royama… - Risk aversion and portfolio choice, New …, 1967 - 128.36.236.35
The response of the demand for assets to a change in the expected return on an asset is of
crucial importance in asset-choice theory. The effectiveness of monetary control or debt
management depends heavily on the direction and the magnitude of the response of the ...
J Goto… - Review of International Economics, 1999 - Wiley Online Library
2. Abstract This paper studies the economic impact of regionalism under the realistic
assumptions of constant tariffs and asymmetric bloc formation. As an extension of the
Krugman framework, the impact is decomposed into several components, each of which ...
K Hamada - Journal of Public Economics, 1974 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your
bookmarks. Income taxation and educational subsidy. Koichi Hamada. Journal of
Public Economics, 1974, vol. 3, issue 2, pages 145-158. Date: 1974 ...
K Hamada… - Economica, 1986 - JSTOR
Along with the high savings ratio, the functioning of the labour market is one of the most
important factors behind the macroeconomic performance of the postwar Japan, which
foreign observers have christened the'miracle of the Rising Sun'.
K Hamada… - European Economic Review, 1989 - Elsevier
This paper studies the trends of current accounts and accompanying capital movements
from a growth-theoretic perspective and to predict the credit-debt structure among major
industrialized countries (the United States, Japan and West Germany), at the turn of the ...
R Dekle… - Economic Development and Cultural Change, 2000 - JSTOR
While economic growth raises income and wealth and promotes financial intermediation,
financial intermediation facilitates economic growth, since it raises the returns to investment.
In the process of economic growth, informal financial schemes are often incorporated into ...
[CITATION] On the political economy of monetary integration: A public economics approach
K Hamada - The Political Economy of Monetary Reform. MacMillan …, 1977
[CITATION] Monetary, financial and real effects of yen internationalization
K Hamada… - Real Financial winkages Among pen Economies, MIT …, 1987
[CITATION] Towards the implementation of desirable rules of monetary coordination and intervention
S Fukuda… - 1988 - Yale University
K Hamada… - The Economic Journal, 1984 - JSTOR
During the two oil crises, many non-petroleum-producing countries experienced substantial
declines in their terms of trade. During the second wave of oil price increases in I979 and
I980, curiously enough, the GNP deflators in many countries did not rise as much as ...
[CITATION] Japanese Investment Abroad
K Hamada - Direct Foreign Investment in Asia and the Pacific, 1972 - ANU Press Canberra
[CITATION] Bubbles, bursts and bail-outs: a comparison of three episodes of financial crises in Japan
K Hamada - 1994 - Macquarie University
J Goto… - 1997 - nber.org
It is safe to say that over the past 10 years, the Asia-West Pacific area has had the most
active and fastest growing economy in the world. It is a site of great ferment. The Asia-West
Pacific area encompasses a wide variety of regions, starting in the south with Oceania and ...
[CITATION] The Future of the WTO
P Sutherland, J Bhagwati, K Botchwey, N FitzGerald… - World Trade Organisation, …, 2004
K Hamada… - Journal of the Japanese and International …, 2009 - Elsevier
Most studies on Japan's “lost decade” have been broadly focused on its real and domestic
aspects, such as total factory productivity (TPF), growth decline, non-performing loans, and
governance. This paper shows that monetary and international factors played as an ...
M Sakuragawa… - International Economic Review, 2001 - Wiley Online Library
2. Abstract We present a two-country OLG economy in which international capital mobility
exists in the presence of moral hazard in financial contracts. The difference in the extent of
asymmetric information is a source of capital movement and capital flows from the South ...
K Hamada - Journal of Public Economics, 1972 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Lifetime equity and dynamic efficiency on the balanced growth path. Koichi Hamada. Journal
of Public Economics, 1972, vol. 1, issue 3-4, pages 379-396. ...
K Fukao… - 1989 - nber.org
ABSTRACT Conventionally economic growth theory was based on the assumption of a
constant rate of time preference. Uzawa (1968) and Obstfeld (OJE. 1981) introduced the rate
of time preference that increases with the utility level. Irving Fisher (The Theory of Interest) ...
[CITATION] Economic Integration and the Welfare of those who are left Behind: An Asian Perspective
J Goto… - RIEB Kobe University, Discussion Paper, 1994
K Hamada, HT Patrick… - 1987 - en.scientificcommons.org
[CITATION] The US-Japan Trade Problem
TN Srinivasan… - Columbia University Conference on US Trade Policy ( …, 1989
J Goto… - Journal of the Japanese and international economies, 1998 - Elsevier
This paper analyzes the impact of regional integration on outside countries as well as
member countries, using a simple model with product differentiation and increasing returns
to scale. Major findings include:(i) economic integration surely benefits the member ...
[CITATION] From the AMF to the Miyazawa Initiative: Observations on Japan's Currency Diplomacy
K Hamada - Journal of East Asian Affairs, 1999 - PARK YOU KWANG
K Hamada - Japanese Economic Review, 2004 - Wiley Online Library
The prolonged recession and deflation in Japan since 1990 presents novel problems to
economists. The recession was certainly triggered by real factors such as the slowing down
of capacity growth. At the same time, it was aggravated by the monetary contraction in the ...
K Hamada - Journal of Development Economics, 1975 - Elsevier
Abstract This note conducts a second-best examination of the effect of the brain drain. If the
size distribution of income is a welfare objective, lump-sum taxation is unavailable, and an
Atkinson-type optimal income tax is used, it is shown that the opportunity to emigrate will ...
U Volz… - 2010 - books.google.com
East Asian countries were notably uninterested in regional monetary integration until the late
1990s, when the Asian financial crisis revealed the fragility of the region's exchange rate
arrangements and highlighted the need for a stronger regional financial architecture. ...
K Hamada - The American Economic Review, 1998 - JSTOR
The 20th century was a tempestuous century for Japan. Imagine a period of time, back about
a hundred years ago, when Japan had just taken off on its path of modem economic growth.
At that time, most of the signs that would foretell the future of the Japanese economy were ...
K Hamada… - Working Papers, 1992 - econpapers.repec.org
By K. Hamada and M. Kasuya; The Reconstruction and Stabilization of the Postwar
Japanese Economy: Possible Lessons for Eastern Europe.
[CITATION] The Political Economy of International Monetary Independence
K Hamada - 1985 - The MIT Press, Cambridge, MA
K Hamada - Open economies review, 1998 - Springer
A game theoretic and incentive approach is used to explain an international monetary
regime. Decisions concerning a fixed exchange rate regime are difficult because they
involve cooperation among participants, but decisions concerning defections from a fixed ...
K Hamada… - 2007 - books.google.com
Page 1. : o; Economic and Social Research Institute Ageing and the Labor Market in Japan
PROBLEMS AND POLICIES EDITED BY Koichi Hamada and Hiromi Kato ESRI Studies Series
on Ageing Page 2. Ageing and the Labor Market in Japan Page 3. ...
K Hamada - 季刊理論經濟學, 1986 - ci.nii.ac.jp
[CITATION] Efficiency and equity in intergenerational distribution
VD Lippit… - Sustainable Society, 1977
H Eguchi… - Japanese Economy, 1977 - ME Sharpe
The monetary system of each country has its own institutional characteristics. It may not be
useful to apply literally to the monetary system of a country the monetary theory and the
policy discussion developed in other countries. At the same time, it may also be ...
[CITATION] Trade Issues and Consumer Interests: The Japanese Experience
K Hamada… - the Proceedings of the Symposium Consumer Policy …, 1986
K Hamada, SC Jeon… - Korea and the World …, 2004 - faculty.washington.edu
Abstract This paper aims to clarify some basic issues regarding desirability and feasibility of
establishing a regional bond market in East Asia. In particular, we analyze what makes
difficult the development of bond markets, domestic as well as international, in East Asia. ...
[CITATION] IMF Special: Keeping Alive the Asian Monetary Fund
K Hamada - Capital Trends, 1998
[CITATION] The Brain Drain, International Integration of Markets for Professionals and Unemployment
B Jagdish… - Journal of Development Economics, 1974
K Hamada… - International Economics and Economic Policy, 2005 - Springer
Abstract This paper examines the role of misleading economic ideas that most likely
promoted the economic disasters of the two deflationary periods in Japanese economic
history. Misleading ideas deepened the depression during the interwar years, and ...
K Hamada - The World Economy, 1995 - Wiley Online Library
APAN'S accumulating current account surplus, especially vis-d-vis the 3 United States,
triggers serious disputes among economists. Lawrence (1987 and 1993) discusses whether
Japan's success is due to its macroeconomic factors such as thrift and productivity, or to ...
F Kyoji… - Journal of the Japanese and International Economies, 1994 - Elsevier
Abstract This paper attempts to integrate the theory of trade with that of capital movements
and to study the two-country world where each nation has a different rate of time preference.
It resolves the indeterminacy problem intrinsic in the Heckscher–Ohlin model where trade ...
[CITATION] Lessons from the macroeconomic performance of the Japanese economy
K Hamada - 1983 - Research School of Pacific Studies, …
K Hamada… - Ageing and the labor market in Japan: …, 2007 - books.google.com
Care of the elderly presents a difficult challenge to the developed countries where the
population is rapidly ageing. Costs of medical care of the elderly will grow more than
proportionally as the ageing proceeds. To nurse the elderly, human labor services are ...
[CITATION] Monetary Policy and Bank Behavior
K Iwata… - Tokyo: Toyo-keizai, 1980
[CITATION] Explaining the low litigation rate in Japan
K Hamada - Finance, governance, and competitiveness in Japan, 2000
[CITATION] Japan's Prospective Role in the International Monetary Regime
K Hamada… - 1995 - Yale University
K Hamada - Japanese Economic Review, 1995 - Wiley Online Library
The best-known definition of economics is by Lionel Robbins:“Economics is the science
which studies human behaviour as a relationship between ends and means that have
alternative uses”. Alternative, though not necessarily contradictory, definitions that ...
K Hamada - Eastern Economic Journal, 1986 - JSTOR
" On the way to his office, Aoto Saemon (Samurai of 13th century in Japan) lost 10 mons of
coins into the river. He sent for 10 torches that cost 50 mons and searched for the lost
money. Somebody laughed at him saying that he spent more than the loss. Aoto replied" ...
[CITATION] Towards Implementation of Desirable Rules of International Coordination and Intervention
S Fukuda… - Towards a World of Economic Stability. Tokyo: …, 1987
[CITATION] The Asian Bond Market: Issues and Tasks for Financial Cooperation in Northeast Asia
JW Ryou, K Hamada… - Bank of Korea, 2004
K Hamada - Review of International Economics, 2002 - Wiley Online Library
The paper studies the monetary mechanism of a three-country world where two large
countries are engaged in floating exchange rates with each other, and a small country is
pegged to one of these large countries. Three countries possess an endogenous wage ...
K Hamada - Papers, 1996 - ideas.repec.org
A new Product Liability (PL) Act in Japan became effective in July, 1995. In the United States,
congress passed, subject to the endorsement of the president, the legislation that limits the ceiling
of compensations and punitive damages in PL cases. Thus, there seems to be a converging ...
K Hamada… - Japanese Economic Review, 2001 - Wiley Online Library
We attempt to compare adjustment costs under exchange rate regimes in East Asian
economies during their recovery processes. The criteria are the degree of overshooting in
exchange rates, the changes in country risks, and the severity and duration of the recovery ...
K Hamada - Economic Reform in Japan. Can the Japanese …, 2001 - books.google.com
Until the end of the 1980s, the Japanese economy was considered to be a miracle of
economic development. It was compared to the sun implacably rising up over the horizon.
Observers from the rest of the world could not help but praise the quality of its human ...
[CITATION] On the Coordination of Monetary Policies in a Monetary Union
K HAMADA - Colloquium on New Economic Approaches to the …, 1979
[CITATION] Strategic Approaches to International Policy Coordination: Theoretical Developments
K Hamada… - 1996 - Chapter
[CITATION] Engine of the rising Sun: Productivity growth in postwar Japan
K Hamada… - Revisita di Politica Economica, 1992
M Endoh… - 2006 - papers.ssrn.com
Abstract The Lerner paradox is the possibility that a tariff on an import good might worsen a
country's terms of trade, and the Metzler paradox is the possibility that a tariff on an import
good might reduce a country's import price. In a general equilibrium framework with ...
M Endoh, K Hamada… - … Department Working Paper, 2008 - papers.ssrn.com
Abstract: PTAs are generally negotiated without any tariff concessions or transfers to non-
member countries. Can such a PTA benefit the neighbors' welfare? In a two-good
competitive equilibrium model in the absence of an entrepôt, a PTA without concessions ...
[CITATION] Towards the Estimation of the World Asset and Debt Matrix
M Kuroyanagi, K Hamada… - … Ownership Patterns Across the Pacific at the …, 1991
K Hamada - Doha and beyond: the future of the multilateral …, 2004 - books.google.com
At the Yellow-Crane pagoda, where we stopped to bid adieu, The mists and flowers of April
seemed to wish good speed to you. At the Emerald Isle, your lessening sail had vanished
from my eye. And left me with the River, rolling onward to the sky. 2
T Nakajima… - Managerial and Decision Economics, 1997 - Wiley Online Library
Abstract Evidence suggests that Japan's basic research levels seem to lag behind that of the
USA. This paper seeks to investigate (1) the reasons for this difference in the context of
societal impact on the creation of intellectual products,(2) the influence of the different ...
[CITATION] Macroeconomics and Japanese Economy
Y Kurosaka… - Tokyo: Nippon Hyoronsha, 1984
[CITATION] Kokusai Boeki to Chokusetsu Toshi no Riron [A theory of international trade and direct investment]
K Hamada - Toyo Keizai [Oriental Economist], 1971
[CITATION] A Theory of International Trade and Direct Investment
K Hamada - In Shukan, 1971
K Hamada… - Papers, 1996 - ideas.repec.org
This paper analyses the impact of various configurations of regional economic integration on
member countries as well as on outside countries under realistic assumptions. That is, we
consider constant external tariffs as required by Article XXIV of the GATT and the ...
[CITATION] The US-Japan Trade Problem
K Hamada… - Japan Economic Seminar, 1990
K Hamada - Financial Globalization and the Emerging …, 2000 - books.google.com
Human nature is subject to misjudgement, and economic calculation is no exception.
Economic agents try to optimize, or at least'satisfice'in the Simonian sense, but owing to
imperfect as well as incomplete information and to limited processing capacity of ...
[CITATION] The Significance of Different Saving Ratios for the Current Account: the US-Japan Case
K Hamada… - 1985 - mimeo, Yale University
[CITATION] Broadening the Tax Base: The Economics Behind It
K Hamada… - 1995 - Yale University, Economic Growth …
[CITATION] Shitsugyoritsu to GNP Gyappu—Nihon ni Okeru Okun Housoku (Unemployment Rate and the GDP Gap—Okun's Law in Japan)
Y Kurosaka… - 1982 - Keizaigakuronshu
[CITATION] Alternative Exchange Rate Systems and the Interdependence of Monetary Systems
K Hamada - National Monetary Policies and the International …, 1974
[CITATION] L'integration Monetaire en Perspective Historique
K Hamada… - Revue d'Économie Financière, 1992
[CITATION] Macroeconomic Strategy and Coordination under Flexible Exchange Rates
K Hamada - R. Dornbusch and, 1979
[CITATION] Ulrich Volz, eds. 2009
K Hamada… - Towards Monetary and Financial Integration in East …
K Hamada - 大阪大學經濟學, 1991 - ci.nii.ac.jp
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