In order to assess the symmetry in the nature of structural shocks for a bloc of countries to form a currency union, long-run identifying restrictions to simple bivariate models are often used. This study attempts to assess the reliability of the estimated structural shocks produced from...

In the postwar period Japanese foreign direct investment in Australia has played a key role in strengthening trading links between the two countries and influencing the industrial structure of Australia. This paper surveys the pattern and intensity of Japanese investment in the 1990s as well as...

This paper deals with the role of human development and technology in trade in services, the significance of trade in services, and the importance of investment in human resource development. It also outlines the requirements for promoting personnel training and the need for advanced technology....

In spite of being the second largest recipient of FDI in the world, China shows limited evidence of considerable FDI benefits on growth (Fan and Hu 2007; Luo 2007; Ran et al. 2007). Motivated by Alfaro et al.’s (2003) model, this study tests whether poor financial market development might be...

Nokyo, the system of agricultural cooperatives in Japan, is one of the most politically powerful organisations in Japanese politics. It is a mammoth economic entity that provides almost every kind of service to rural areas. Nokyo’s economic performance has never been properly analysed because...

This paper empirically examines the effectiveness of a safeguard tariff in the Japanese market for imported pork parts. The goals are, first, to consider a refinement to the traditional market-based method for evasion detection, and, second, to apply the method in a setting where evasion is...

This paper explores the issue of outward foreign direct investment (OFDI) exporting Korean jobs during 1986–2003. In the midst of an overall increase in employment in Korea, there was a temporally coincident increase in OFDI and a decline in manufacturing employment. An examination of the...

It is common to define benefit eligibility for small business policies by restrictions on the fi rm size. This paper investigates the incentives for a large fi rm to masquerade as many small firms by separately incorporating business segments, focusing on the case of the Japanese value-added...

The conspicuous feature of bilateral trade conflicts between Japan and the United States in the 1980s and early 1990s was the shift from protecting the US market from Japanese exports to negotiating greater US access to the Japanese market. This paper takes the negotiations over automobiles and...