Is Japan's Trade (Still) Different?

21 Pages Posted: 4 Nov 2003 Last revised: 27 Jun 2010

See all articles by James Harrigan

James Harrigan

University of Virginia - Department of Economics; National Bureau of Economic Research (NBER)

Rohit Vanjani

Federal Reserve Bank of New York

Date Written: November 2003

Abstract

Does Japanese trade in manufactured goods differ from the rest-of-the world average and from the U.S.? 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 countries, but also exports less than other countries. Relative to the U.S., Japanese export performance is half as strong today as it was in the mid-1980s. Bilaterally, Japan's normalized imports from the U.S. are greater than U.S. normalized imports from Japan.

Suggested Citation

Harrigan, James and Vanjani, Rohit, Is Japan's Trade (Still) Different? (November 2003). NBER Working Paper No. w10058. Available at SSRN: https://ssrn.com/abstract=463425

James Harrigan (Contact Author)

University of Virginia - Department of Economics ( email )

P.O. Box 400182
Charlottesville, VA 22904-4182
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Rohit Vanjani

Federal Reserve Bank of New York

33 Liberty Street
New York, NY 10045
United States

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