Non Technical Summaries

September 2025

How Macroeconomic Shocks Impact the Japanese Economy: Evidence from the stock market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 25-E-084 [PDF:778KB]

Analysis of Factors Influencing Inward Foreign Direct Investment in OECD Countries Using a Gravity Model

• SEKIZAWA Kumi (Ministry of Economy, Trade and Industry)
• Discussion Papers: 25-P-011 [PDF:2.7MB] (Japanese)

Exchange Rates and Tariffs: Unravelling their impacts on China's ICT exports while accounting for product sophistication

• CHEN Chen (Fuzhou University of International Studies and Trade) / Nimesh SALIKE (International Business School Suzhou) / Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 25-E-054 [PDF:881KB]

The Diminishing Impact of Exchange Rates on China’s Exports

• Willem THORBECKE (Senior Fellow, RIETI) / CHEN Chen (Fuzhou University of International Studies and Trade) / Nimesh SALIKE (International Business School Suzhou)
• Discussion Papers: 25-E-010 [PDF:471KB]

The Impact of Inflation on the U.S. Stock Market after the COVID-19 Pandemic

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 24-E-087 [PDF:623KB]

Economic Security in Japan: Evolution, context and emerging questions

• Shiro ARMSTRONG (Non-Resident Fellow, RIETI)
• Discussion Papers: 24-E-083 [PDF:316KB]

Restructuring of Global Values Chains: An analysis of Japanese multinationals’ exits from China

• Ivan DESEATNICOV (HSE University) / FUKAO Kyoji (Chairman, RIETI)
• Discussion Papers: 24-E-082 [PDF:1.4MB]

How Oil Prices Impact the Taiwanese Economy: Evidence from the stock market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 24-E-071 [PDF:442KB]

How Oil Prices Impact the Indonesian and South Korean Economies: Evidence from the stock market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 24-E-070 [PDF:514KB]

The Evolution of the European Union's China Strategy: Challenges in an era of economic security

• TSURUOKA Michito (Keio University)
• Discussion Papers: 23-J-037 [PDF:553KB] (Japanese)

Propagation of Overseas Economic Shocks through Global Supply Chains: Firm-level evidence

• INOUE Hiroyasu (University of Hyogo / RIKEN Center for Computational Science) / TODO Yasuyuki (Faculty Fellow, RIETI)
• Discussion Papers: 22-E-062 [PDF:2.9MB]

Impact of Technological Decoupling between the United States and China on Trade and Welfare

• JINJI Naoto (Faculty Fellow, RIETI) / OZAWA Shunya (Kyoto University)
• Discussion Papers: 24-E-041 [PDF:418KB]

How Oil Prices Impact the Japanese and South Korean Economies: Evidence from the stock market and implications for renewable energy
(Previous title) How Oil Prices Impact the Japanese Economy: Evidence from the stock market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 24-E-065 [PDF:563KB]

Do Traditional Models or the Dominant Currency Paradigm Explain China’s Export Behavior?

• Willem THORBECKE (Senior Fellow, RIETI) / CHEN Chen (Fuzhou University of International Studies and Trade) / Nimesh SALIKE (Xi’an Jiaotong-Liverpool University)
• Discussion Papers: 24-E-062 [PDF:448KB]

Investigating Japan’s Machinery and Equipment Exports after the Global Financial Crisis

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 24-E-033 [PDF:534KB]

Multilateral Governance for the Digital Economy and Artificial Intelligence

• Shiro ARMSTRONG (Non-Resident Fellow, RIETI) / Jacob TAYLOR (The Brookings Institution)
• Discussion Papers: 24-E-052 [PDF:411KB]

On the Trends of Technology, Family Formation, and Women's Time Allocation

• KITAO Sagiri (Senior Fellow (Specially Appointed), RIETI) / NAKAKUNI Kanato (University of Tokyo)
• Discussion Papers: 23-E-075 [PDF:2.6MB]

The Effect of Silent Eating during Lunchtime at Schools on the COVID-19 Outbreaks

• TAKAHASHI Ryo (Waseda University) / IGEI Kengo (Keio University) / TSUGAWA Yusuke (UCLA) / NAKAMURO Makiko (Faculty Fellow, RIETI)
• Discussion Papers: 23-E-068 [PDF:990KB]

Sectoral Evidence on Indonesian Economic Performance after the Pandemic

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 23-E-071 [PDF:605KB]

Macroeconomic Shocks and Economic Performance in Malaysia: A sectoral analysis

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 23-E-070 [PDF:606KB]

The Impact of Monetary Policy on the U.S. Stock Market since the Pandemic

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 23-E-054 [PDF:546KB]

International Economic Policy for Asia in an Era of Great Power Strategic Competition

• Shiro ARMSTRONG (Visiting Fellow, RIETI)
• Discussion Papers: 23-E-035 [PDF:503KB]

U.S. Trade Imbalances, East Asian Exchange Rates, and a New Plaza Accord

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers: 22-E-115 [PDF:490KB]

Diplomatic Stance of the Japanese Business Community in the First World War: Focusing on relations with major warring nations and the concept of economic alliance, in the middle of the war

• SAKAMOTO Masazumi (Consulting Fellow, RIETI)
• Discussion Papers: 22-J-038 [PDF:2.2MB] (Japanese)

Language Barriers and the Speed of Knowledge Diffusion

• Kyle HIGHAM (Institute of Innovation Research, Hitotsubashi University) / NAGAOKA Sadao (Faculty Fellow, RIETI)
• Discussion Papers: 22-E-074 [PDF:1.8MB]

The Impact of Exchange Rates on the Turkish Economy

• Willem THORBECKE (Senior Fellow, RIETI) / Ahmet SENGONUL (Sivas Cumhuriyet University)
• Discussion Papers: 22-E-043 [PDF:1.8MB]

The Effects of Institutions on the Relationship between Politics and Trade

• Samuel HARDWICK (The Australian National University) / Shiro ARMSTRONG (Visiting Fellow, RIETI)
• Discussion Papers: 22-E-034 [PDF:2.0MB]

Indonesia and Vietnam in Global Supply Chains and the Age of COVID: A Tale of Two Countries

• Willem THORBECKE (Senior Fellow, RIETI) / KATO Atsuyuki (Research Associate, RIETI)
• Discussion Papers:22-E-010 [PDF:537KB]

Investigating How Exchange Rates Affected the Japanese Economy after the Advent of Abenomics

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:22-E-003 [PDF:586KB]

Productivity of Working from Home during the COVID-19 Pandemic: Panel Data Analysis

• MORIKAWA Masayuki (President, RIETI)
• Discussion Papers:21-E-078 [PDF:525KB]

Are Applying for and Receiving Subsidies Worth it for Small Enterprises? Evidence from the Government Support Program in Japan

• HASHIMOTO Yuki (Fellow (Policy Economist), RIETI) / Takahashi Kohei (Waseda University)
• Discussion Papers:21-E-039 [PDF:3.1MB]

Impact of Cash Transfers on Consumption during the COVID-19 Pandemic: Evidence from Japanese Special Cash Payments

• HATTORI Takahiro (University of Tokyo) / KOMURA Norihiro (Kyoto University) / UNAYAMA Takashi (Faculty Fellow, RIETI)
• Discussion Papers:21-E-043 [PDF:1.4MB]

The Impact of COVID-19 on Japanese Firms: Mobility and Resilience via Remote Work

• KAWAGUCHI Daiji (Faculty Fellow, RIETI) / KITAO Sagiri (Senior Fellow, RIETI) / NOSE Manabu (International Monetary Fund / University of Tokyo)
• Discussion Papers:21-E-063 [PDF:799KB]

East Asian and European Firms: Comrades or Competitors

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:21-E-098 [PDF:606KB]

The Semiconductor Industry in the Age of Trade Wars, Covid-19, and Strategic Rivalries

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:21-E-064 [PDF:906KB]

Understanding the Transmission of COVID-19 News to French Financial Markets

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:21-E-037 [PDF:65KB]

Do Japanese Expatriates Matter for Foreign Subsidiary Performance? A Role-Based Analysis of Three-Wave Panel Data

• Jesper EDMAN (Waseda University) / Riki TAKEUCHI (Naveen Jindal School of Management, University of Texas at Dallas)
• Discussion Papers:21-E-046 [PDF:626KB]

China's Investment in Intangible Assets by Industry: A Preliminary Estimation in an Extended Sources-of-Growth Framework

• Janet X. HAO (The Conference Board, New York) / Harry X. WU (National School of Development, Peking University / The Conference Board China Center, Beijing / Institute of Economic Research, Hitotsubashi University)
• Discussion Papers:21-E-029 [PDF:1.2MB]

Reassessing China's GDP Growth Performance: an Exploration of The Underestimated Price Effect

• Harry X. WU (National School of Development, Peking University / Institute of Economic Research, Hitotsubashi University) / Zhan LI (National School of Development, Peking University)
• Discussion Papers:21-E-018 [PDF:1.6MB]

The Exposure of French and South Korean Firms to Exchange Rates and the COVID-19 Pandemic: Evidence from the Stock Market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:21-E-017 [PDF:815KB]

Characteristics of Firms Transmitting Data across Borders: Evidence from Japanese firm-level data

• TOMIURA Eiichi (Faculty Fellow, RIETI) / ITO Banri (Research Associate, RIETI) / KANG Byeongwoo (Hitotsubashi University)
• Discussion Papers:20-E-048 [PDF:717KB]

How the Coronavirus Crisis is Affecting the Korean Economy: Evidence from the Stock Market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:20-E-088 [PDF:492KB]

Product Complexity, Exports, and Exchange Rates: Evidence from the Japanese Chemical Industry

• Willem THORBECKE (Senior Fellow, RIETI) / Nimesh SALIKE (Xi'an Jiaotong-Liverpool University, Suzhou) / CHEN Chen (Xi'an Jiaotong-Liverpool University, Suzhou)
• Discussion Papers:20-E-085 [PDF:1.0MB]

The Relationship between Product Complexity and Exchange Rate Elasticities: Evidence from the People's Republic of China's Manufacturing Industries

• Willem THORBECKE (Senior Fellow, RIETI) / CHEN Chen (Xi'an Jiaotong-Liverpool University. Suzhou) / Nimesh SALIKE (Xi'an Jiaotong-Liverpool University. Suzhou)
• Discussion Papers:20-E-075 [PDF:668KB]

The Impact of the COVID-19 Pandemic on the U.S. Economy: Evidence from the Stock Market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:20-E-068 [PDF:1.1MB]

How the Coronavirus Crisis Affected Japanese Industries: Evidence from the Stock Market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:20-E-061 [PDF:1.2MB]

Non-traditional Monetary Policy and The Future of The Financial Industries

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:20-E-025 [PDF:470KB]

Weathering Safe Haven Capital Flows: Evidence from the Japanese Transportation Equipment Industry

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:20-E-024 [PDF:475KB]

China's Exports in a Protectionist World

• Willem THORBECKE (Senior Fellow, RIETI) / Nimesh SALIKE (Xi'an Jiaotong-Liverpool University) / CHEN Chen (Xi'an Jiaotong-Liverpool University)
• Discussion Papers:20-E-011 [PDF:1.2MB]

Choice of Invoice Currency and Exchange Rate Risk Management: 2018 Questionnaire Survey of Japanese Overseas Subsidiaries

• ITO Takatoshi (Columbia University / National Graduate Institute for Policy Studies) / KOIBUCHI Satoshi (Chuo University) / SATO Kiyotaka (Yokohama National University) / Shimizu Junko (Gakushuin University) / YOSHIMI Taiyo (Chuo University)
• Discussion Papers:19-J-042 [PDF:2.8MB] (Japanese)

A Comparative Study of Gender Inequality: Occupational segregation in Japan and Korea

• YOUM Yoosik (Visiting Fellow, RIETI) / YAMAGUCHI Kazuo (Visiting Fellow, RIETI)
• Discussion Papers:19-E-093 [PDF:786KB]

Determinants of Structural Adjustment and Employment Use in Japan: Firm Characteristics, Offshoring and Industrial Robotics

• Timothy DESTEFANO (OECD) / HANEDA Sho (Nihon University) / KWON Hyeog Ug (Faculty Fellow, RIETI)
• Discussion Papers:19-E-067 [PDF:1.9MB]

Regression Discontinuity Designs with a Continuous Treatment

• Yingying DONG (University of California Irvine) / Ying-Ying LEE (University of California Irvine) / Michael GOU (PricewaterhouseCoopers)
• Discussion Papers:19-E-058 [PDF:846KB]

East Asian Value Chains, Exchange Rates, and Regional Exchange Rate Arrangements

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:19-E-046 [PDF:1.2MB]

Why Japan Lost Its Comparative Advantage in Producing Electronic Parts and Components

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:19-E-035 [PDF:1.4MB]

The Weak Rupiah: Catching the tailwinds and avoiding the shoals

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:19-E-006 [PDF:969KB]

Oil Prices and the U.S. Economy: Evidence from the stock market

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:19-E-003 [PDF:852KB]

How Would a Slowdown in the People's Republic of China Affect its Trading Partners?

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:19-E-002 [PDF:1.2MB]

Nonfarm Employment, Inflationary Expectations, and Monetary Policy after the Global Financial Crisis

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:18-E-076 [PDF:460KB]

Export Sophistication and Trade Elasticities

• Willem THORBECKE (Senior Fellow, RIETI) / Nimesh SALIKE (Xi'an Jiaotong-Liverpool University)
• Discussion Papers:18-E-061 [PDF:804KB]

The Impact of Oil Prices on East and Southeast Asian Economies: Evidence from financial markets

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:18-E-043 [PDF:801KB]

How Firms Choose their Partners in the Japanese Supplier-Customer Network? An application of the exponential random graph model

• Hazem KRICHENE (University of Hyogo) / ARATA Yoshiyuki (Fellow, RIETI) / Abhijit CHAKRABORTY (University of Hyogo) / FUJIWARA Yoshi (University of Hyogo) / INOUE Hiroyasu (University of Hyogo)
• Discussion Papers:18-E-011 [PDF:1.7MB]

The Exposure of U.S. Manufacturing Industries to Exchange Rates

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:18-E-005 [PDF:470KB]

Household Income and the OECD's Four Types of Social Capital

• YODO Masato (Kyoto University) / YANO Makoto (Chief Research Officer, RIETI)
• Discussion Papers:17-E-119 [PDF:688KB]

The Effect of the Fed's Large-scale Asset Purchases on Inflation Expectations

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:17-E-097 [PDF:354KB]

Exchange Rates and the Swiss Economy

• Willem THORBECKE (Senior Fellow, RIETI) / KATO Atsuyuki (Research Associate, RIETI)
• Discussion Papers:17-E-064 [PDF:676KB]

Corruption, Market Quality and Entry Deterrence in Emerging Economies

• Krishnendu Ghosh DASTIDAR (Jawaharlal Nehru University) / YANO Makoto (Chief Research Officer, RIETI)
• Discussion Papers:17-E-010 [PDF:609KB]

A Yen for Change: The strong yen and the Japanese automobile industry

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:17-E-005 [PDF:569KB]

China's Electronics Exports, the Renminbi, and Exchange Rates in Supply Chain Countries

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:16-E-088 [PDF:243KB]

Trade and Labor Market Dynamics

• Lorenzo CALIENDO (Yale University) / Maximiliano DVORKIN (Federal Reserve Bank of St. Louis) / Fernando PARRO (Federal Reserve Board)
• Discussion Papers:16-E-050 [PDF:634KB]

Understanding the Flow of Electronic Parts and Components in East Asia

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:16-E-072 [PDF:316KB]

Investigating the Effect of U.S. Monetary Policy Normalization on the ASEAN-4 Economies

• Willem THORBECKE (Senior Fellow, RIETI)
• Discussion Papers:16-E-070 [PDF:355KB]

The Regional Spillover Effects of the Tohoku Earthquake

• Robert DEKLE (University of Southern California) / Eunpyo HONG (University of Southern California) / Wei XIE (University of Southern California)
• Discussion Papers:16-E-049 [PDF:389KB]

Two-sided Heterogeneity and Trade

• Andrew B. BERNARD (Tuck School of Business at Dartmouth) / Andreas MOXNES (University of Oslo) / Karen Helene ULLTVEIT-MOE (University of Oslo)
• Discussion Papers:16-E-047 [PDF:944KB]

Gender Gaps in Japan and Korea: A comparative study on the rates of promotions to managing positions

• YOUM Yoosik (Visiting Fellow, RIETI) / YAMAGUCHI Kazuo (Visiting Fellow, RIETI)
• Discussion Papers:16-E-011 [PDF:282KB]

Understanding the Evolution of Japan's Exports

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:15-E-131 [PDF:246KB]

State-owned Enterprise Reforms in the TPP Negotiation: Is it a win-win for Vietnam?

• LE Thi Anh Nguyet (Ho Chi Minh City University of Law)
• Discussion Papers:15-E-092 [PDF:367KB]

Understanding Japan's Capital Goods Exports

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:15-E-044 [PDF:321KB]

Enjoying the Fruits of their Labor: Redirecting exports to Asian consumers

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:15-E-016 [PDF:278KB]

Measuring the Competitiveness of China's Processed Exports

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:14-E-049 [PDF:754KB]

Japan's Exorbitant Privilege

• Kenneth S. ROGOFF (Harvard University) / TASHIRO Takeshi (Consulting Fellow, RIETI)
• Discussion Papers:14-E-047 [PDF:1.3MB]

China-U.S. Trade: A global outlier

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:14-E-039 [PDF:299KB]

Export Sophistication and Exchange Rate Elasticities: The Case of Switzerland

• THORBECKE, Willem (Senior Fellow, RIETI) / KATO Atsuyuki (Research Associate, RIETI)
• Discussion Papers:14-E-031 [PDF:373KB]

Abenomics, Yen Depreciation, Trade Deficit and Export Competitiveness

• SHIMIZU Junko (Gakushuin University) / SATO Kiyotaka (Yokohama National University)
• Discussion Papers:14-J-022 [PDF:2.1MB] (Japanese)

Winning the Race against Technology

• KAWAGUCHI Daiji (Faculty Fellow, RIETI) / MORI Yuko (Japan Society for the Promotion of Science (JSPS))
• Discussion Papers:14-E-017 [PDF:614KB]

Fertility and Maternal Labor Supply in Japan: Conflicting policy goals?

• Andrew S. GRIFFEN (University of Tokyo)/NAKAMURO Makiko (Keio University) / INUI Tomohiko (Faculty Fellow, RIETI)
• Discussion Papers:14-E-016 [PDF:446KB]

Fiscal Consolidation in Japan

• FUKAO Mitsuhiro (Faculty Fellow, RIETI)
• Discussion Papers:14-E-015 [PDF:446KB]

The Impact of the French Securities Transaction Tax on Market Liquidity and Volatility

• Gunther CAPELLE-BLANCARD (Université Paris 1 Panthéon-Sorbonne / CEPII) / HAVRYLCHYK, Olena (Visiting Scholar, RIETI)
• Discussion Papers:14-E-007 [PDF:459KB]

The ECB's Unconventional Monetary Policies: Have they lowered market borrowing costs for banks and governments?

• SZCZERBOWICZ, Urszula (Visiting Scholar, RIETI)
• Discussion Papers:14-E-008 [PDF:766KB]

Rebalancing Trade within East Asian Supply Chains

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:14-E-002 [PDF:410KB]

The Sophistication of East Asian Exports

• THORBECKE, Willem (Senior Fellow, RIETI)/Hao-Kai PAI (Research Assistant, RIETI)
• Discussion Papers:13-E-092 [PDF:332KB]

Overseas Investment of Chinese Enterprises: Discovery and discussion based on site research

• CHEN Xiaohong (Development Research Center of the State Council of China (DRC)) / QI Changdong (Development Research Center of the State Council of China (DRC)) / ZHOU Yan (Development Research Center of the State Council of China (DRC)) / ZONG Fangyu
• Discussion Papers:13-E-079 [PDF:496KB]

On the Spatial Economic Impact of Global Warming

• Klaus DESMET (Universidad Carlos III) / Esteban ROSSI-HANSBERG (Princeton University)
• Discussion Papers:13-E-057 [PDF:737KB]

Spatial Segregation and Urban Structure

• Pascal MOSSAY (University of Reading and CORE) / Pierre PICARD (University of Luxembourg and CORE)
• Discussion Papers:13-E-056 [PDF:430KB]

Existence and Uniqueness of Equilibrium for a Spatial Model of Social Interactions

• Adrien BLANCHET (Université de Toulouse) / Pascal MOSSAY (University of Reading and CORE) / Filippo SANTAMBROGIO (Université Paris Sud)
• Discussion Papers:13-E-055 [PDF:786KB]

The Impacts of Post-TRIPS Patent Reforms on the Structure of Exports

• Keith E. MASKUS (University of Colorado) / Lei YANG (Hong Kong Polytechnic University)
• Discussion Papers:13-E-030 [PDF:737KB]

The Effect of Exchange Rate Changes on Germany's Exports

• THORBECKE, Willem (Senior Fellow, RIETI) / KATO Atsuyuki (Waseda University)
• Discussion Papers:12-E-081 [PDF:541KB]

Dynamic Externalities and Manufacturing Productivity: An empirical comparison among China's top three municipalities

• ZHAO Ting (Zhejiang Gongshang University) /ZHAO Wei (Visiting Fellow, RIETI)
• Discussion Papers:12-E-072 [PDF:672KB]

Estimating Trade Elasticities for World Capital Goods Exports

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:12-E-067 [PDF:340KB]

The Short- and Long-Run Effects of Exchange Rate Changes on the Japanese Electronics Industry

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:12-E-019 [PDF:324KB]

Are Chinese Imports Sensitive to Exchange Rate Changes?

• THORBECKE, Willem (Senior Fellow, RIETI)/SMITH, Gordon (Anderson College)
• Discussion Papers:12-E-007 [PDF:344KB]

Investigating China's Disaggregated Processed Exports: Evidence that the RMB matters

• THORBECKE, Willem (Senior Fellow, RIETI)
• Discussion Papers:12-E-003 [PDF:285KB]