Studies of USA and Japan economic relations: new theoretical approaches and some promising developments

Cover Page

Cite item

Full Text

Open Access Open Access
Restricted Access Access granted
Restricted Access Subscription Access

Abstract

In the post-war period economic relations between the United States and Japan were the subject of research by many economists due to their complexity, versatility, and sometimes contradictory nature. Such topics as export of technologies, bilateral intra-industry trade and trade in intermediate goods growth, the gradual internationalization of the economies of the United States and Japan, the fragmentation of production in East Asia, the development of value chains were studied in many works. One of the most productive are P. Krugman’s new trade theory as well as some other promising approaches and methods that provide an opportunity to study trade and investment relations between the United States and Japan in more depth.

About the authors

Кsenia O. Chudinova

Primakov National Research Institute of World Economy and International Relations of the Russian Academy of Sciences

Email: xenia.chudinova@gmail.com
Moscow, Russia

References

  1. Ando M., Arndt S.W., Kimura F. (2006) Production Networks in East Asia: Strategic Behavior by Japanese and U.S. Firms. Microeconomics Working Papers, East Asian Bureau of Economic Research. (https://EconPapers.repec.org/RePEc:eab:microe:21886)
  2. Ando M., Kimura F. (2005) The Formation of International Production and Distribution Networks in East Asia // In: International Trade in East Asia. Ed(s).: T. Ito, A.K. Rose. National Bureau of Economic Research. Pp. 177-216. (https://EconPapers.repec.org/RePEc:nbr:nberch:0194)
  3. Antràs P. (2020) De-Globalisation? Global Value Chains in the Post-COVID-19 Age // In: 2021 ECB Forum: "Central Banks in a Shifting World" Conference Proceedings. Harvard University. 49 p. (https://scholar.harvard.edu/sites/scholar.harvard.edu/files/antras/files/deglobalization_sintra_antras.pdf)
  4. Antràs P. (2016) Global Production: Firms, Contracts, and Trade Structure. Princeton: Princeton University Press. 336 p.
  5. Baldwin R. (2016) The Great Convergence: Information Technology and the New Globalization. Cambridge: Harvard University Press. 330 p.
  6. Baldwin R., Okubo T. (2014) International Trade, Offshoring and Heterogeneous Firms // Review of International Economics. Vol. 22. Issue 1. Pp. 59-72.
  7. Bergsten F.C., Itō T., Noland M. (2001) No More Bashing: Building a New Japan-United States Economic Relationship. Washington, D.C.: Peterson Institute for International Economics. 352 p.
  8. Bernard A., Jensen B., Redding S., Schott P. (2007) Firms in International Trade // Journal of Economic Perspectives. Vol. 21. No. 3. Pp. 105-130. (http://www.princeton.edu/~reddings/pubpapers/FirmsTradeJEP2007)
  9. Boehm C., Flaaen A., Pandalai-Nayar N. (2015) Input Linkages and the Transmission of Shocks: Firm-Level Evidence from the 2011 Tōhoku Earthquake. US Census Bureau Center for Economic Studies. Paper No. CES-WP-15-28. 77 p.
  10. Dean J.M., Lovely M.E., Mora J. (2009) Decomposing China-Japan-U.S. Trade: Vertical Specialization, Ownership, and Organizational Form // Journal of Asian Economics. Vol. 20. Issue 6. Pp. 596-610.
  11. Gopinath G., Helpman, E., Rogoff K. (2014) Preface // In: Handbook of International Economics. Volume 4. Amsterdam: Elsevier. Pp. 13-24. (https://www.sciencedirect.com/science/article/pii/B9780444543141000185)
  12. Greenaway D., Kneller R., McGowan D. (2013) Firms' Internationalisation Strategies: The Evidence // In: Palgrave Handbook of International Trade. Pp. 160-196.
  13. Head K., Ries J. (2003) Heterogeneity and the FDI versus Export Decision of Japanese Manufacturers // Journal of the Japanese and International Economies. Vol. 17. Issue 4. Pp. 448-467.
  14. Helpman E. (2014). Foreign Trade and Investment: Firm-level Perspectives // Economica. Vol. 81. No. 321. Pp. 1-14.
  15. Kimura F. (2021) The Impact of COVID-19 and the US-China Confrontation on East Asian Production Networks // Seoul Journal of Economics. Vol. 34. No. 1. Pp. 27-41. (http://www.sje.ac.kr/xml/28117/28117.pdf)
  16. Kimura F., Kiyota K. (2006) Exports, FDI, and Productivity: Dynamic Evidence from Japanese Firm // Review of World Economics. Vol. 142. No. 4. Pp. 695-719.
  17. Kimura F., Obashi A. (2008) East Asian Production Networks and the Rise of China: Regional Diversity in Export Performance. Keio/Kyoto Joint Global COE Discussion Paper Series 2008-004. (http://ies.keio.ac.jp/old_project/old/gcoe-econbus/pdf/dp/DP2008-004.pdf)
  18. Kimura F., Obashi A. (2011) Production Networks in East Asia: What We Know so Far. ADBI Working Paper. No. 320. 30 p. (https://www.adb.org/sites/default/files/publication/156175/adbi-wp320.pdf)
  19. Kimura F., Obashi A. (2016) The Role of China, Japan, and Korea in Machinery Production Networks. Economic Research Institute for ASEAN and East Asia (ERIA). Working Paper DP-2016-10. (https://www.eria.org/ERIA-DP-2016-10.pdf)
  20. Kiyota K., Urata S. (2008) The Role of Multinational Firms in International Trade: The Case of Japan // Japan and the World Economy. Vol. 20. Issue 3. Pp. 338-352.
  21. Krugman P. (1991) Introduction to "Trade with Japan: Has the Door Opened Wider?" // In: Trade with Japan: Has the Door Opened Wider? Cambridge: National Bureau of Economic Research, Inc. Pp. 1-8. (https://www.nber.org/system/files/chapters/c8658/c8658.pdf)
  22. Krugman P. (1995) Increasing Returns, Imperfect Competition and the Positive Theory of International Trade // In: K. Handbook of International Economics. Vol. 3. 1st Ed. Pp. 1243-1277.
  23. Lawrence R.Z. (1991) How Open Is Japan? // In: Trade with Japan: Has the Door Opened Wider? Cambridge: National Bureau of Economic Research, Inc. Pp 9-50. (https://www.nber.org/system/files/chapters/c8659/c8659.pdf)
  24. Lawrence R. Z. (1993) Japan's Different Trade Regime: An Analysis with Particular Reference to Keiretsu // Journal of Economic Perspectives. Vol. 7. No. 3. Pp. 3-19. (https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.7.3.3)
  25. Lincoln J.R., Shimotani M. (2009) Whither the Keiretsu, Japan's Business Networks? How Were They Structured? What Did They Do? Why Are They Gone? IRLE Working Paper No. 188-09. 47 p. (https://irle.berkeley.edu/files/2009/Whither-the-Keiretsu-Japans-Business-Networks.pdf)
  26. Melitz M. J., Redding S.J. (2014) Heterogeneous Firms and Trade // In: Handbook of International Economics. 4th Ed. Amsterdam: Elsevier. Pp. 1-54. (https://scholar.harvard.edu/sites/scholar.harvard.edu/files/melitz/files/finalproofs.pdf).
  27. Noland M. (1997) Public Policy, Private Preferences, and the Japanese Trade Pattern // The Review of Economics and Statistics. Vol. 79. Issue 2. Pp. 259-266.
  28. Obashi A. (2022) Overview of Foreign Direct Investment, Trade, and Global Value Chains in East Asia. Working Paper No. DP-2021-50. Economic Research Institute for ASEAN and East Asia (ERIA). 44 p. (https://EconPapers.repec.org/RePEc:era:wpaper:dp-2021-50.pdf)
  29. Saxonhouse G. R. (1993) What Does Japanese Trade Structure Tell Us about Japanese Trade Policy? // Journal of Economic Perspectives. Vol. 7. No. 3. Pp. 21-43. (https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.7.3.21)
  30. Urata S. (1998) Explaining the Poor Performance of Japanese Direct Investment in the United States // Japan and the World Economy. Vol. 10. Issue 1. Pp. 49-62.
  31. Urata S. (2020) US-Japan Trade Frictions: The Past, the Present, and Implications for the US-China Trade War // Asian Economic Policy Review. Vol. 15. Issue 1. Pp. 141-159.
  32. Wickes R. (2021) Trade Deficits and Trade Conflict: The United States and Japan // Japan and the World Economy. Vol. 60.
  33. Zhang H. (2021) The US-China Trade War: Implications for Japan's Global Value Chains // In: Geopolitics, Supply Chains and International Relations of East Asia.Cambridge: Cambridge University Press. Pp. 41-59.

Supplementary files

Supplementary Files
Action
1. JATS XML
Download

Copyright (c) 2023 Russian Academy of Sciences