Is Japan's Trade (still) Different? / James Harrigan, Rohit Vanjani.

Format:

Book

Author/Creator:

Harrigan, James.

Contributor:

National Bureau of Economic Research.

Vanjani, Rohit.

Series:

Working Paper Series (National Bureau of Economic Research) no. w10058.

NBER working paper series no. w10058

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Is Japan's Trade

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2003.

Summary:

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.

Notes:

Print version record

November 2003.