Annual Conference

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Economic Transformation of Asia

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May 2016

Product Dynamics and Aggregate Shocks: Evidence from Japanese Product and Firm Level Data

Robert DEKLE, Atsushi KAWAKAMI, Nobuhiro KIYOTAKI, Tsutomu MIYAGAWA
We examine the effects of shocks to aggregate productivity, foreign output demand, government expenditures, and demand for foreign liquidity on dynamics of products and exports of heterogeneous firms. The framework is motivated by open economy general equilibrium models of Bilbie, Ghironi and Melitz...
Keywords: Product Adding, Product Dropping, Aggregate and Idiosyncratic Productivity Shocks, Foreign Demand Shocks, Exports, Real Exchange Rates
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Annual Conference

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Economic Transformation of Asia

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May 2016

Politician Family Networks and Electoral Outcomes: Evidence from the Philippines

Julien LABONNE, Cesi CRUZ, Pablo QUERUBIN
We demonstrate the importance of politician social networks for electoral outcomes. Using large-scale data on family networks from over 20 million individuals in 15,000 villages in the Philippines, we show that candidates for public office are disproportionately drawn from more central families and ...
Keywords: Politiian family networks, Electorial outcomes
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Annual Conference

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Economic Transformation of Asia

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May 2016

China, Structural Change and Multinational Production

Kei-Mu YI
Keywords: Kei-Mu YI (University of Houston);
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Annual Conference

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Economic Transformation of Asia, Senior Fellows/Fellows

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May 2016

Liquidity Rules and Credit Booms

Kinda Cheryl HACHEM, Zheng Michael SONG
China increased bank liquidity standards in the late 2000s. The interbank market became tighter and more volatile and credit soared, contrary to expectations. To explain this, we argue that shadow banking developed among Chinas small and medium-sized banks to evade the higher liquidity standards. Th...
Keywords: Liquidity regulation, Financial transformation, China
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Annual Conference

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Economic Transformation of Asia, Senior Fellows/Fellows

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May 2016

Just Do Your Job: Obedience, Routine Tasks, and the Pattern of Specialization

Davin CHOR, Filipe CAMPANTE
We study the interplay between cultural attitudes and the economic environment, focusing on attitudes towards obedience in the workplace. We establish two key stylized facts: First, at the country level, an upward shift in workplace obedience over time is associated with more exporting in industries...
Keywords: Culture, Workplace Obedience, Routine Tasks, Education, Human capital, Specialization Patterns, Exports
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