Hugh T. Patrick

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AIM To assess whether a pilot study conducted in the UK achieved its objective to reduce admissions to hospital and bed days in patients identified as suitable recipients of case management by community matrons. BACKGROUND The Department of Health has advocated the use of nurse-led case management to improve the coordination of care and prevent(More)
This paper examines purchasing transactions and ownership ties between 11 Japanese automakers and 237 suppliers. Although automakers' equity stakes in suppliers are highly symbolic, they play an economic role as well. Automakers hold shares of suppliers that dedicate to them a large percentage of output, suppliers from which they purchase many different(More)
We study the impact of nationalism and interstate frictions on international economic relations by analyzing market reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer relative declines during each event window; a symmetric effect is observed for Chinese companies with high Japanese(More)
Requests for reprints should be sent to Dr. Koji Taira, University of Illinois at UrbanaChampaign, Institute of Labor and Industrial Relations, 504 East Armory Avenue, Champaign, IL 61820-6297, USA. For helpful comments and suggestions on earlier drafts of this paper, the author is grateful to Professors Allan Bird, Werner Baer, Solomon B. Levine, Moto(More)
Financial systems reform and corporate reform are deeply intertwined and thus are best addressed simultaneously and comprehensively. Indonesia is seeking to do this by developing rules, institutions, and mechanisms to achieve good corporate governance, while working to build an effectively functioning financial system that facilitates good corporate(More)
1 1 This is an updated and somewhat expanded draft, especially the final few pages, of Patrick (2005). The author wishes to thank Andy Wanning and Sue Mathews for research and editing inputs, and Peter Kenen and Peter Drysdale for comments on an earlier draft. Among the many legacies Japanese Prime Minister Masayoshi Ohira left, the seeds he had planted for(More)
This paper presents a dynamic model of regulatory protection. The regulator grants the industry rents in exchange for cooperation in an asymmetric information environment as part of an implicit contract enforced by a trigger strategy. At a corner-solution this contract may be stable under gradual changes of society’s preference parameter, while beyond a(More)
Currency invoicing in Japanese exports has two puzzling patterns concerning an excessively small share of yen invoicing: one is a strong tendency of Japanese firms to choose the importer's currency invoicing in exports to developed countries, and the other is the prevalence of U.S. dollar invoicing in Japanese exports to East Asia even though Japanese firms(More)
In a “sanctuary strategy”, a firm uses restraints to competition in its home market to create a profit cushion that allows it to compete forcefully in foreign markets. This paper argues that self-regulation by industry associations is an important domestic prerequisite of a successful sanctuary strategy. Therefore, by studying the situation of(More)