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Foreign Direct Investment and Keiretsu : Rethinking U.S. and Japanese Policy

Weinstein, David E. - 1996

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/10012473233

Bilateralism and Regionalism in Japanese and U.S. Trade and Direct Foreign Investment Patterns

Eaton, Jonathan - 1995

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/10012473842

Japanese and U.S. Exports and Investment as Conduits of Growth

Eaton, Jonathan - 1996

opposite tendency. Taking population, per capita income, factor endowments, and distance into account, we find Japan to be more …

Persistent link: https://www.econbiz.de/10012473405

Political Limits to Globalization

Acemoglu, Daron - 2010

Despite the major advances in information technology that have shaped the recent wave of globalization, openness to trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper suggests that a particular threat and a limiting factor to...

Persistent link: https://www.econbiz.de/10012462958

The Value of Making Commitments Externally : Evidence from WTO Accessions

Tang, Man-Keung - 2008

This paper studies the value of external commitment to policy reforms in the case of WTO/GATT accessions. The accessions often entail reforms that go beyond narrowly defined trade liberalization, and have to overcome fierce resistance in the acceding countries, as reflected in protracted...

Persistent link: https://www.econbiz.de/10012464067

Fooling Ourselves : Evaluating the Globalization and Growth Debate

Hallak, Juan Carlos - 2004

This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...

Persistent link: https://www.econbiz.de/10012468449

Does Trade Liberalization with China Influence U.S. Elections?

Che, Yi - 2016

This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share of votes cast for Democrats and the probability that the...

Persistent link: https://www.econbiz.de/10012456497

The Surprisingly Swift Decline of U.S. Manufacturing Employment

Pierce, Justin R. - 2012

This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment...

Persistent link: https://www.econbiz.de/10012460005

Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010

Aizenman, Joshua - 2011

We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...

Persistent link: https://www.econbiz.de/10012461155

Why Have Economic Reforms in Mexico Not Generated Growth?

Kehoe, Timothy J. - 2010

Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...

Persistent link: https://www.econbiz.de/10012462077