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Article: Keiretsu and relationship-specific investment: Implications for market-opening trade policy

TitleKeiretsu and relationship-specific investment: Implications for market-opening trade policy
Authors
Qiu, LDSpencer, BJ
KeywordsMarket Access
Trade In Auto-Parts
Us-Japan Trade Dispute
Ver
Vie
Issue Date2002
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jie
Citation
Journal Of International Economics, 2002, v. 58 n. 1, p. 49-79 How to Cite?
DOI: http://dx.doi.org/10.1016/S0022-1996(01)00158-1
AbstractThis paper considers the implications of relationship-specific investment within keiretsu for policies aimed at opening the Japanese market for intermediate goods, such as auto-parts. Both VIEs applied to parts and VERs restricting Japanese exports of autos cause the keiretsu to import a wider range of parts, but of a relatively unimportant type, such as seat covers. Since keiretsu investment and output fall, the total value of US parts exports may actually fall. For a given value of these exports, a VIE is less costly for US consumers and Japanese producers, but a VER is preferred by US automakers. © 2002 Elsevier Science B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/177690
ISSN
0022-1996
2021 Impact Factor: 3.712
2020 SCImago Journal Rankings: 3.761
ISI Accession Number ID
WOS:000176478400003
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorQiu, LDen_US
dc.contributor.authorSpencer, BJen_US
dc.date.accessioned2012-12-19T09:39:32Z-
dc.date.available2012-12-19T09:39:32Z-
dc.date.issued2002en_US
dc.identifier.citationJournal Of International Economics, 2002, v. 58 n. 1, p. 49-79en_US
dc.identifier.issn0022-1996en_US
dc.identifier.urihttp://hdl.handle.net/10722/177690-
dc.description.abstractThis paper considers the implications of relationship-specific investment within keiretsu for policies aimed at opening the Japanese market for intermediate goods, such as auto-parts. Both VIEs applied to parts and VERs restricting Japanese exports of autos cause the keiretsu to import a wider range of parts, but of a relatively unimportant type, such as seat covers. Since keiretsu investment and output fall, the total value of US parts exports may actually fall. For a given value of these exports, a VIE is less costly for US consumers and Japanese producers, but a VER is preferred by US automakers. © 2002 Elsevier Science B.V. All rights reserved.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jieen_US
dc.relation.ispartofJournal of International Economicsen_US
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.subjectMarket Accessen_US
dc.subjectTrade In Auto-Partsen_US
dc.subjectUs-Japan Trade Disputeen_US
dc.subjectVeren_US
dc.subjectVieen_US
dc.titleKeiretsu and relationship-specific investment: Implications for market-opening trade policyen_US
dc.typeArticleen_US
dc.identifier.emailQiu, LD: larryqiu@hku.hken_US
dc.identifier.authorityQiu, LD=rp01093en_US
dc.description.naturepostprinten_US
dc.identifier.doi10.1016/S0022-1996(01)00158-1en_US
dc.identifier.scopuseid_2-s2.0-0036067071en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0036067071&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume58en_US
dc.identifier.issue1en_US
dc.identifier.spage49en_US
dc.identifier.epage79en_US
dc.identifier.isiWOS:000176478400003-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridQiu, LD=7201538008en_US
dc.identifier.scopusauthoridSpencer, BJ=7201938647en_US
dc.identifier.issnl0022-1996-

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