A Re-Examination of the Exchange Rate Disconnect Puzzle: Evidence from Japanese Firm Level Data

2005 ◽  
Author(s):  
Robert Dekle ◽  
Hyeok Jeong ◽  
Heajin Ryoo
Keyword(s):  
Exchange Rate ◽  
Japanese Firm ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
The Exchange Rate ◽  
Exchange Rate Disconnect Puzzle ◽  
Exchange Rate Disconnect

scholarly journals The exchange rate, employment and hours: What firm-level data say

2010 ◽  
Vol 82 (2) ◽  
pp. 112-123 ◽  
Author(s):  
Francesco Nucci ◽  
Alberto Franco Pozzolo
Keyword(s):  
Exchange Rate ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
The Exchange Rate

The Exchange Rate Disconnect Puzzle Revisited

2014 ◽  
Vol 20 (2) ◽  
pp. 126-137 ◽  
Author(s):  
Mohsen Bahmani-Oskooee ◽  
Amr Hosny ◽  
N. Kundan Kishor
Keyword(s):  
Exchange Rate ◽  
The Exchange Rate ◽  
Exchange Rate Disconnect Puzzle ◽  
Exchange Rate Disconnect

COMPLEMENTARITY BETWEEN TANGIBLE AND INTANGIBLE CAPITAL: EVIDENCE FROM JAPANESE FIRM-LEVEL DATA

2020 ◽  
Vol 65 (05) ◽  
pp. 1293-1321
Author(s):  
KAORU HOSONO ◽  
DAISUKE MIYAKAWA ◽  
MIHO TAKIZAWA ◽  
KENTA YAMANOUCHI
Keyword(s):  
Panel Data ◽  
Japanese Firm ◽  
Production Functions ◽  
Intangible Capital ◽  
Capital Investments ◽  
Firm Level ◽  
Level Data ◽  
Intangible Investments ◽  
Firm Level Data ◽  
Level Production

Using Japanese firm-level panel data spanning from 2000 to 2013, we estimate industry-level production functions that explicitly take into account the complementarity and substitutability between tangible and intangible capital. The estimation results show that tangible and intangible capitals are complementary in most industries although the degree of complementarity substantially varies across industries. We further find that the relation between tangible and intangible capital in the production function accounts for the relation between firm-level tangible capital and intangible capital investments. Namely, firms’ tangible investments are more strongly positively associated with intangible investments as the degree of the complementarity between the tangible and intangible assets becomes larger. These findings show the necessity to take into account the relation between the dynamics of tangible and intangible capital in terms of their complementarity for precisely understanding the mechanisms governing a firm’s growth.

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