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ask the following question: how much did the apparent closure of the Japanese market to imports affect Japan's export … otherwise have been uncompetitive both at home and abroad. We find, however, that Japan's home market protection nonetheless … produced more costs than benefits for Japan …
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Since 1977, and in some cases starting before that, most East Asian countries' export patterns in manufacturing have been transformed from industry distributions typical of developing countries to distributions more like those of advanced countries. The process of change in most cases started...
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instrument and target variables. The time spans examined are 1962-1998 for the U.S. and U.K., and 1972-1998 for Japan. In …
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