1 - 7 of 7 articles
Abstract In the 1990s, Japanese firms rapidly increased the number of locations of their affiliates in China, displaying considerable regional heterogeneity in the abundance of better educated human resources, wage costs, increasing numbers of special economic zones, industrial agglomeration and...
Abstract We examine whether hard infrastructure in the form of more highways and railroads or soft infrastructure in the form of more transparent institutions and deeper reforms lead to more foreign direct investment (FDI). We use data on FDI from the United States, Japan. Hong Kong, Taiwanese...
Abstract This paper applies the gravity model to explain South Korea’s bilateral trade flows and to extract practical trade policy applications. A trade structure and an Asian-Pacific trade network are included in the gravity equation to characterize the peculiarity of South Korea’s trade...
Abstract Drawing on late Meiji period data, the efforts of Japan’s cotton spinning mills to overcome overseas competition and establish themselves in the Chinese, Korean and Hong Kong markets are examined. Estimating a probit model of the decision to export, it is found that despite readily...
Abstract This paper tests factor price equalization (FPE) in Japanese regions. I found that FPE is strongly rejected, even when unobserved cross-regional differences in factor quality and productivity are considered. The wage tends to be low in labour-abundant regions specializing in...
Abstract A standard method of estimating deadweight losses caused by import quotas is to estimate a utility function by data over a period in which the quota is not imposed, and to use the estimated utility function to evaluate the virtual price of quota-laden imports. This method, however, is...
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