Has the Japanese Economy become More Open? Ist die japanische Wirtschaft offener geworden? (original) (raw)
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Is Japan's trade (still) different?
Journal of the Japanese and International Economies, 2003
Does Japanese trade in manufactured goods differ from the rest-of-the world average and from the US? We use a simple industry-level gravity model and 1981–1998 data to answer this question. We construct a measure of normalized imports by dividing bilateral industry-level imports by the importer's aggregate absorption and the exporter's industry output. We find that Japan imports less than other
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