IDEAS home Printed from
   My bibliography  Save this paper

Trade Policy, Constituent Interest and Polics in US-Japan Economic Relations


  • Saxonhouse, G.R.


To date, virtually all the equity market literature analyzing the consequences of trade policy changes has assessed only the impact on the home country. Almost no attempt has been made to use equity-market data to assess simultaneously the impact of policy changes on the welfare of trading partners. Nor has this equity market literature attempted to evaluate the impact of trade negotiations. This paper attempts to work in both these neglected areas by assessing the impact on the value of selected equities in the United States and Japan of: (1) the enactment of the so-called "Super 301" legislation; (2) the inclusion of a significantly strengthened Dispute Settlement Mechanism in the final Uruguay Round Agreement; and (3) the Japan-U.S. Automobile Agreement of June 1995. In addition, the domestic political impact of operating in the post-Uruguay Round international economic environment is examined by evaluating the results of the Japan-U.S. Automobile Agreement using evidence from the Iowa Presidential Stock Market.

Suggested Citation

  • Saxonhouse, G.R., 1997. "Trade Policy, Constituent Interest and Polics in US-Japan Economic Relations," Working Papers 417, Research Seminar in International Economics, University of Michigan.
  • Handle: RePEc:mie:wpaper:417

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item



    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mie:wpaper:417. 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: (FSPP Webmaster) or (Rebekah McClure). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.