Inter-service rivalry over budget allocations between the Japanese Imperial Navy and the Imperial Army played a crucial role in the genesis of World War Two in the Pacific. The adoption of a nanshin ("southward advance") strategy by the Navy may be explained as an attempt to maximize its budget...

Empirical evaluations of trade agreements often rely on descriptive statistics or univariate time series methods to detect subsequent changes in trade flows. We conduct a more satisfactory test by evaluating an agreement in the context of a structural econometric model. Consistent with trade...

The few existing empirical studies of U.S.-Japan trade agreements have relied primarily on descriptive statistics or univariate time series methods. We conduct a more powerful test by evaluating agreements in the context of well-specified econometric models. Consistent with trade theory, import...

This paper investigates the impact of the 1986 US-Japan Semiconductor Trade Agreement (STA) and antidumping actions by the US on Japanese firms. We conduct an event study employing WLS and OLS estimations on the daily returns of eight large electronics firms over roughly a two year period. We...