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After outlining characteristics of Japan's distribution sector, a comprehensive international comparison of it to those … of other nations is presented and analyzed for underlying differences. This leads to an explanation of Japan's retail … Japan and regulatory distortion, including empirical evidence on its extent are offered. Data on the structure of the retail …
Persistent link: https://www.econbiz.de/10012469253
the distribution system is acting as a non-tariff barrier. Thus, even if the distribution sector in Japan is judged to be …
Persistent link: https://www.econbiz.de/10012475729
in world trade. With respect to the composition of trade, Suez was associated with large changes in export shares but …
Persistent link: https://www.econbiz.de/10015171653
This paper takes an historical perspectives approach to the current episode of global imbalances. I consider four historical episodes which may give some indications as to whether the adjustment to U.S. current account deficit will lead to a 'benign' or 'gloomy' outlook. The episodes are: the...
Persistent link: https://www.econbiz.de/10012467300
panel database for 35 countries, this paper estimates the impact of terms of trade volatility and secular change on country …. Additionally, both effects were asymmetric between Core and Periphery, findings that speak directly to the terms of trade debates …
Persistent link: https://www.econbiz.de/10012468093
Alexander Hamilton's Report on Manufactures (1791) is a classic document in the history of U.S. economic policy, but its fate in Congress is not well known. It is commonly believed that the report was never implemented. Although Hamilton's proposals for bounties (subsidies) failed to receive...
Persistent link: https://www.econbiz.de/10012468754
to the external terms of trade in Latin America between 1820 and 1950: from the 1890s onwards the terms of trade … fostered trade, policy suppressed it: tariff rates were higher in Latin America than almost anywhere else in the world between …, regardless of motivation. However, protective policy was modified by those powerful and positive terms of trade shocks, yielding …
Persistent link: https://www.econbiz.de/10012469011
This paper uses history to explore the empirical content of two determinants of tariff policy that have a long pedigree: the Stolper-Samuelson corollary to the Heckscher-Ohlin theorem, and the infant-industry argument for protection. It reports a set of world tariff facts for the 150 years...
Persistent link: https://www.econbiz.de/10012469042
In this chapter, we describe long-run trends in global merchandise trade and immigration from 1870 to 2010. We revisit … interwar period, and then rebounded (but with much more pronounced growth in trade than in immigration). More substantively, we … change in the composition of merchandise trade towards manufactured goods precisely dating from 1950. Finally, using a triple …
Persistent link: https://www.econbiz.de/10012480663
steadily expanding trade opportunities in a non-monotonic way. Borders hamper trade. In its early stages, the political …
Persistent link: https://www.econbiz.de/10012456628