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Has Japan been left out in the cold by regional integration?

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  • Howard J. Wall

Abstract

Despite the ongoing worldwide trend toward regional integration, Japan has remained outside of all regional trading agreements. Because more than 60 percent of Japan?s trade is with countries that are members of a major regional bloc, this reluctance may have had significant effects on its pattern and volume of trade. Indeed, the author finds that Japan?s exports have been reduced by the integration of its trading partners, and that this effect has been fairly uniform across integration regimes. The author also finds that regional trading agreements have tended to have a much more negative effect on Japanese trade than on the trade of other nonmembers.

Suggested Citation

  • Howard J. Wall, 2002. "Has Japan been left out in the cold by regional integration?," Review, Federal Reserve Bank of St. Louis, vol. 84(Sep), pages 25-36.
  • Handle: RePEc:fip:fedlrv:y:2002:i:sep:p:25-36:n:v.84no.5
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    Cited by:

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    2. I-Hui Cheng & Howard J. Wall, 2005. "Controlling for heterogeneity in gravity models of trade and integration," Review, Federal Reserve Bank of St. Louis, vol. 87(Jan), pages 49-63.
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    5. Peter A.G. van Bergeijk & Selwyn J.V. Moons (ed.), 2018. "Research Handbook on Economic Diplomacy," Books, Edward Elgar Publishing, number 16053.
    6. Peter Egger, 2004. "Estimating regional trading bloc effects with panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(1), pages 151-166, March.

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    More about this item

    Keywords

    Free trade; International trade; Japan;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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