The Services Content of Japanese Trade
This paper investigates the share of direct and indirect services trade in Japanese trade between 1985 and 1995, using data from Japanese input-output tables. The empirical analysis reveals that the share of R&D services in total services trade has been much higher throughout the period than the share of other services. The contribution of school education services gradually increased from 1985 to 1995, while that of financial services declined. These results indicate that Japan increasingly exported technology-intensive products during the period, moving away from goods intensive in financial services to those intensive in educational services. After the bubble economy burst, exports of financial services declined and Japanese banking and insurance companies rapidly withdrew from overseas markets. Financial firms in Japan lack international competitiveness. Although structural reforms have been under way in some services sectors, the analysis in this paper suggests that greater reform is needed, especially in the financial sector.
|Date of creation:||Oct 2001|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (61-2) 6249 3780
Fax: (61-2) 6249 3941
Web page: https://crawford.anu.edu.au/research_units/ajrc/
More information through EDIRC
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.:
- Tamim Bayoumi & Elhanan Helpman & David T. Coe, 1996.
"R&D Spillovers and Global Growth,"
IMF Working Papers
96/47, International Monetary Fund.
- Bayoumi, Tamim & Coe, David T & Helpman, Elhanan, 1996. "R&D Spillovers and Global Growth," CEPR Discussion Papers 1467, C.E.P.R. Discussion Papers.
- Bayoumi, T. & Coe, D.T. & Helpman, E., 1996. "R&D Spillovers and Global Growth," Papers 14-96, Tel Aviv.
- Tamim Bayoumi & David T. Coe & Elhanan Helpman, 1996. "R&D Spillovers and Global Growth," NBER Working Papers 5628, National Bureau of Economic Research, Inc.
- David T. Coe & Elhanan Helpman & Alexander Hoffmaister, 1995.
"North-South R&D Spillovers,"
NBER Working Papers
5048, National Bureau of Economic Research, Inc.
- Bowen, Harry P & Leamer, Edward E & Sveikauskas, Leo, 1987.
"Multicountry, Multifactor Tests of the Factor Abundance Theory,"
American Economic Review,
American Economic Association, vol. 77(5), pages 791-809, December.
- Harry P. Bowen & Edward E. Leamer & Leo Sveikauskas, 1986. "Multicountry, Multifactor Tests of the Factor Abundance Theory," NBER Working Papers 1918, National Bureau of Economic Research, Inc.
- Shujiro Urata & Kozo Kiyota, 2003. "Services Trade in East Asia," NBER Chapters, in: Trade in Services in the Asia Pacific Region, NBER East Asia Seminar on Economics (EASE), Volume 11, pages 379-428 National Bureau of Economic Research, Inc.
- Coe, D.T. & Helpman, E., 1993.
"International R&D Spillovers,"
5-93, Tel Aviv.
- Melvin, James R, 1989. "Trade in Producer Services: A Heckscher-Ohlin Approach," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1180-96, October.
- Urata, Shujiro, 1983. "Factor Inputs and Japanese Manufacturing Trade Structure," The Review of Economics and Statistics, MIT Press, vol. 65(4), pages 678-84, November.
- Markusen, James R, 1989. "Trade in Producer Services and in Other Specialized Intermediate Inputs," American Economic Review, American Economic Association, vol. 79(1), pages 85-95, March.
When requesting a correction, please mention this item's handle: RePEc:csg:ajrcau:320. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Akira Kinefuchi)
If references are entirely missing, you can add them using this form.