Showing 1 - 10 of 499
region. We find that features of a country associated with more trade with either Japan or the United States also tend to be … associated with more DFI from Japan or the United States. U.S. economic relations with Japan and Western Europe provide an … important exception. Despite U.S. concern about its trade deficit with Japan, we find Japan to be much more open to the United …
Persistent link: https://www.econbiz.de/10012763473
realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve … a percentage point of GDP. Taken together, these results indicate that a realignment of global growth -- with Japan and …
Persistent link: https://www.econbiz.de/10012777651
By 1981, Japan achieved both internal and external equilibrium; exports and imports roughly balanced at sixteen percent …
Persistent link: https://www.econbiz.de/10013324483
models. For example, switching $50 billion of sustained government spending from the United States to Japan would, in the … third year, improve the U.S. current account by $24 billion and worsen that of Japan by $20 billion. Induced changes in …
Persistent link: https://www.econbiz.de/10013210617
regions, the US, China, EU, Japan and Rest of the World, and calibrated to a global 2009 micro consistent data set. The other … debated. In a US-China trade conflict, Europe and Japan would seem gainers from preferential access to US and Chinese markets … Japan from trade diversion if the substitutions elasticities of imports are high. Costs will are borne by the US and China …
Persistent link: https://www.econbiz.de/10013120993
Department) brought about a 1986 trade agreement in which the United States forced Japan to end the 'dumping' of semiconductors … 'affirmative action' for the industry in its efforts to sell more in Japan, but has been criticized as constituting 'export …
Persistent link: https://www.econbiz.de/10013310555
Japan suggests that foreign firms sell five to six times more in Japan than is commonly believed. Previous studies severely … underestimated the stock of FDI in Japan due to poor data. Second, after finding that even after adjusting for various factors the … level of FDI in Japan is still low, the paper explores explanations for this phenomenon. A second main conclusion is that …
Persistent link: https://www.econbiz.de/10013082414
liberalization of restrictions on capital mobility in Japan since the late 1970s on market efficiency …
Persistent link: https://www.econbiz.de/10013249380
This paper revises pre-World War II current account data for thirteen countries by treating gold flows on a consistent basis. The standard historical data sources often fail to distinguish between monetary gold exports, which are capital-account credits, and nonmonetary gold exports, which are...
Persistent link: https://www.econbiz.de/10013243431
Trending current accounts pose a challenge for intertemporal open-economy macro models. This paper shows that a two-country representative-agent business cycle model is able to explain the historical time-paths of the US and Japanese current accounts, both of which display trends but in opposite...
Persistent link: https://www.econbiz.de/10013151370