Is Japan's Trade (still) Different?
AbstractDoes Japanese trade in manufactured goods differ from the rest-of-the world average and from the U.S.? We use a simple industry-level gravity model and 1981-1998 data to answer this question. We construct a measure of normalized imports by dividing bilateral industry-level imports by the importer's aggregate absorption and the exporter's industry output. We find that Japan imports less than other countries, but also exports less than other countries. Relative to the U.S., Japanese export performance is half as strong today as it was in the mid-1980s. Bilaterally, Japan's normalized imports from the U.S. are greater than U.S. normalized imports from Japan.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 10058.
Date of creation: Nov 2003
Date of revision:
Publication status: published as Harrigan, James and Rohit Vanjani. "Is Japan's Trade (Still) Different?," Journal of the Japanese and International Economies, 2003, v17(4,Dec), 507-519.
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Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
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Other versions of this item:
- Harrigan, James & Vanjani, Rohit, 2003. "Is Japan's trade (still) different?," Journal of the Japanese and International Economies, Elsevier, vol. 17(4), pages 507-519, December.
- F1 - International Economics - - Trade
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-11-30 (All new papers)
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