Macro Effects of Corporate Restructuring in Japan:
This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of produc...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2003
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Schriftenreihe: | IMF Working Papers
Working Paper No. 03/203 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
Zusammenfassung: | This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of productivity across firms, the paper simulates the effect of optimal restructuring, that is, reallocation of resources from less-productive firms to more-productive ones, on the dynamic path of aggregate output. The results show that the benefits of restructuring could substantially exceed the costs |
Beschreibung: | 1 Online-Ressource (33 p) |
ISBN: | 1451874472 9781451874471 |
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spelling | Kim, Se-Jik Verfasser aut Macro Effects of Corporate Restructuring in Japan Kim, Se-Jik Washington, D.C International Monetary Fund 2003 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/203 This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of productivity across firms, the paper simulates the effect of optimal restructuring, that is, reallocation of resources from less-productive firms to more-productive ones, on the dynamic path of aggregate output. The results show that the benefits of restructuring could substantially exceed the costs Online-Ausg http://elibrary.imf.org/view/IMF001/04361-9781451874471/04361-9781451874471/04361-9781451874471.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Kim, Se-Jik Macro Effects of Corporate Restructuring in Japan |
title | Macro Effects of Corporate Restructuring in Japan |
title_auth | Macro Effects of Corporate Restructuring in Japan |
title_exact_search | Macro Effects of Corporate Restructuring in Japan |
title_exact_search_txtP | Macro Effects of Corporate Restructuring in Japan |
title_full | Macro Effects of Corporate Restructuring in Japan Kim, Se-Jik |
title_fullStr | Macro Effects of Corporate Restructuring in Japan Kim, Se-Jik |
title_full_unstemmed | Macro Effects of Corporate Restructuring in Japan Kim, Se-Jik |
title_short | Macro Effects of Corporate Restructuring in Japan |
title_sort | macro effects of corporate restructuring in japan |
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