IN the Far East, the overall volume of intraregional trade is not as substantial as that of Europe, but much larger than that of Latin America.2 One rather unique and very interesting feature of Far Eastern intraregional trade is that one country, namely, Japan, stands out prominently, from the point of view of both the character and magnitude of its trade. Japan contributed about one-third of the Far Eastern intraregional trade in the immediate prewar years (32.3 per cent for 1935, 34.5 per cent for 1937, and 38.o per cent for I938). Immediately after the cessation of hostilities, its share suffered a sharp reduction, but again became a significant percentage of the total in 1949 (I6.5 per cent). The ratio of Far Eastern intraregional trade to its total export, and Japan's share in intraregional trade showed a tendency to fluctuate together.3 Since Japan's share was about one-third in the prewar period and its intraregional imports were related to the volume of total intraregional exports, several questions may be raised with regard to the future role of Japan in the intraregional trade of the Far East. What are the initial and secondary effects of Japan's imports from the Far East on the intraregional exports of the countries of this region? Does such relationship in the prewar period remain true in the postwar period? If there is a change of preand postwar relationships, what are some of the reasons for the change? How are Japan's imports from the Far East related to the over-all exports of the region to all countries? This paper is a preliminary attempt at an analysis of the above questions.

Journal Article Lemmas for a Theory of Approximate Optimal Growth Get access C. C. von Weizsäcker C. C. von Weizsäcker University of Heidelberg Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 1, January 1967, Pages 143–151, https://doi.org/10.2307/2296575 Published: 01 January 1967

Journal Article Tentative Notes on a Two Sector Model with Induced Technical Progress Get access C. C. von Weizsäcker C. C. von Weizsäcker University of Heidelberg, Germany Alfred Weber Institut Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 33, Issue 3, July 1966, Pages 245–251, https://doi.org/10.2307/2974418 Published: 01 July 1966

ABSTRACT We develop a measure of how information events impact investors' expectations of risk. The measure is broadly applicable and simple to implement. We derive it from an option‐pricing model, where investors anticipate an announcement that simultaneously conveys information on the announcer's expected future cash flows and risk profile. We empirically implement the measure using firms' earnings announcements, showing that it closely aligns with our model's predictions and offers strong forecasting power for firms' risk profiles, costs of capital, and future investments. We further highlight pitfalls of using simple changes in option‐implied volatilities to study information gleaned from earnings announcements. Finally, we apply our measure to study disclosure regulation, the efficacy of text‐based proxies, and market‐wide events, which we use to illustrate our measure's uses, and illuminate its potential limitations.

Research examining the relationship between work stress and well-being has flourished over the past 20 years. At the same time, research on physiological stress processes has also advanced significantly. One of the major advances in this literature has been the emergence of the Allostatic Load model as a central organizing theory for understanding the physiology of stress. In this article, the Allostatic Load model is used as an organizing framework for reviewing the vast literature that has considered health outcomes that are associated with exposure to psychosocial stressors at work. This review spans multiple disciplines and includes a critical discussion of management and applied psychology research, epidemiological studies, and recent developments in biology, neuroendocrinology, and physiology that provide insight into how workplace experiences affect well-being. The authors critically review the literature within an Allostatic Load framework, with a focus on primary (e.g., stress hormones, anxiety and tension) and secondary (e.g., resting blood pressure, cholesterol, body mass index) mediators, as well as tertiary disease end points (e.g., cardiovascular disease, depression, mortality). Recommendations are provided for how future research can offer deeper insight into primary Allostatic Load processes that explain the effects of workplace experiences on mental and physical well-being.