Showing 1 - 4 of 4
This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects arising from common shocks and network...
Persistent link: https://www.econbiz.de/10011375678
employments in 19th-century Japan permits us to apply this approach to answer the following counterfactual: What factor … 1865-1876? Over the entire period, we find that trade was revealed to be equivalent to a 5.5% increase in Japan's female …. -- gains from trade ; factor augmentation equivalent to trade ; natural experiment of Japan …
Persistent link: https://www.econbiz.de/10009570570
We exploit Japan's 19th century move from autarky to free trade to provide the first test of the general validity of … a single refutable prediction on the economy's factor content of trade. Our test combines factor price data from Japan …'s late autarky period with Japan's factor content of trade calculated with the technologies of the country of origin of …
Persistent link: https://www.econbiz.de/10009303934
paper examines the impact of Japan's trade preferences on its multi-lateral tariff reductions. Using detailed product level … data, we find that Japan's Generalized System of Preferences (GSP) acted as a stumbling block for the country's external …
Persistent link: https://www.econbiz.de/10010347341