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How Japan First Began to Export Machine-Made Manufactures to East Asia

How Japan First Began to Export Machine-Made Manufactures to East Asia 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 available export finance and commercial networks that should have greatly lowered the costs of participating in East Asian markets, sunk entry costs still appear to have been quite large. Many otherwise capable mills apparently saw little prospect of entering tariff-less East Asian markets, notwithstanding the possibility of generous subsidies and trade association devised predatory strategies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Japanese Economic Review Springer Journals

How Japan First Began to Export Machine-Made Manufactures to East Asia

Saxonhouse, Gary R.
The Japanese Economic Review , Volume 56 (4): 10 – Dec 1, 2005
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References (14)

Publisher
Springer Journals
Copyright
2005 Japanese Economic Association
ISSN
1352-4739
eISSN
1468-5876
DOI
10.1111/j.1468-5876.2005.00341.x
Publisher site
See Article on Publisher Site

Abstract

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 available export finance and commercial networks that should have greatly lowered the costs of participating in East Asian markets, sunk entry costs still appear to have been quite large. Many otherwise capable mills apparently saw little prospect of entering tariff-less East Asian markets, notwithstanding the possibility of generous subsidies and trade association devised predatory strategies.

Journal

The Japanese Economic Review – Springer Journals

Published: Dec 1, 2005

Keywords: economics, general; microeconomics; macroeconomics/monetary economics//financial economics; econometrics; development economics; economic history

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