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Vertical Networks and US Auto Parts Exports: Is Japan Different?

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Author Info
Keith Head
John Ries
Barbara J. Spencer

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Abstract

In a model where upstream network insiders conduct relationship-specific investment, downstream firms have an incentive to transact within networks. Evidence from US auto parts exports to 26 auto-producing countries supports key predictions of the model. Greater production scale for assemblers lowers imported parts per car. Vertical networks matter in two ways. First, although Japan's average import levels are not unusually low, non-Japanese suppliers have relatively low market penetration for parts categories where vertical keiretsu are prominent in Japan. Second, US-owned assembly abroad and foreign-owned parts production in the US both stimulate parts exports. Copyright 2004 Blackwell Publishing, 350 Main Street, Malden, MA 02148, USA, and 9600 Garsington Road, Oxford OX4 2DQ, UK..

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Article provided by Blackwell Publishing in its journal Journal of Economics & Management Strategy.

Volume (Year): 13 (2004)
Issue (Month): 1 (03)
Pages: 37-67
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Handle: RePEc:bla:jemstr:v:13:y:2004:i:1:p:37-67

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  1. repec:fth:michin:337 is not listed on IDEAS
  2. James E. Rauch, 2001. "Business and Social Networks in International Trade," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1177-1203, December. [Downloadable!] (restricted)
  3. Thomas H. Klier, 1994. "Lean manufacturing and the decision to vertically integrate: some empirical evidence from the U.S. automobile industry," Working Paper Series, Regional Economic Issues 94-1, Federal Reserve Bank of Chicago.
  4. Saxonhouse, G.R., 1993. "What Does Japanese Trade Structure Tell Us about Japanese Trade Policy?," Working Papers 337, Research Seminar in International Economics, University of Michigan.
  5. John McMillan, 1993. "Why Does Japan Resist Foreign Market Opening Pressure?," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH.
  6. Spencer, Barbara J & Qiu, Larry D, 2001. "Keiretsu and Relationship-Specific Investment: A Barrier to Trade?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(4), pages 871-901, November.
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  7. Saxonhouse, Gary R, 1976. "Estimated Parameters as Dependent Variables," American Economic Review, American Economic Association, vol. 66(1), pages 178-83, March. [Downloadable!] (restricted)
  8. Yoshiro Miwa & J. Mark Ramseyer, 2000. "Rethinking Relationship-Specific Investments: Subcontracting in the Japanese Automobile Industry," CIRJE F-Series CIRJE-F-70, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
  9. Casadesus-Masanell, Ramon & Spulber, Daniel F, 2000. "The Fable of Fisher Body," Journal of Law & Economics, University of Chicago Press, vol. 43(1), pages 67-104, April.
  10. Saxonhouse, Gary R, 1993. "What Does Japanese Trade Structure Tell Us about Japanese Trade Policy?," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 21-43, Summer. [Downloadable!] (restricted)
  11. Larry D. Qiu & Barbara J. Spencer, 2001. "Keiretsu and Relationship-Specific Investment: Implications for Market-Opening Trade Policy," NBER Working Papers 8279, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Nathan Nunn, 2005. "Relationship Specificity, Incomplete Contracts and the Pattern of Trade," International Trade 0512018, EconWPA. [Downloadable!]
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  2. Keith Head & John Ries, 2004. "Judging Japan's FDI: The verdict from a dartboard model," Hi-Stat Discussion Paper Series d04-58, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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  3. Robert C. Feenstra & Barbara J. Spencer, 2005. "Contractual Versus Generic Outsourcing: The Role of Proximity," NBER Working Papers 11885, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Theresa M. Greaney, 2004. "Measuring network effects on trade: are Japanese affiliates distinctive?," Hi-Stat Discussion Paper Series d04-57, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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