Is Japan's Trade (still) Different?
Does 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.
|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.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
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.:
- James Harrigan, 2001.
"Specialization and the Volume of Trade: Do the Data Obey the Laws?,"
NBER Working Papers
8675, National Bureau of Economic Research, Inc.
- James Harrigan, 2001. "Specialization and the volume of trade: do the data obey the laws?," Staff Reports 140, Federal Reserve Bank of New York.
- Harrigan, James, 1996. "Openness to trade in manufactures in the OECD," Journal of International Economics, Elsevier, vol. 40(1-2), pages 23-39, February.
- Edward E. Leamer, 1987.
"Measures of Openness,"
UCLA Economics Working Papers
447, UCLA Department of Economics.
- Jonathan Eaton & Samuel Kortum, 2002. "Technology, Geography, and Trade," Econometrica, Econometric Society, vol. 70(5), pages 1741-1779, September.
- Gary R. Saxonhouse, 1989.
"Differentiated Products, Economies of Scale, and Access to the Japanese Market,"
in: Trade Policies for International Competitiveness, pages 145-184
National Bureau of Economic Research, Inc.
- Saxonhouse, G.R., 1988. "Differentiated Products, Economies Of Scale And Access To The Japanese Market," Working Papers 228, Research Seminar in International Economics, University of Michigan.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:10058. 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: ()
If references are entirely missing, you can add them using this form.