Industrial policy and U.S.-Japanese trade |
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Affiliation: | 1. UCL Institute for Innovation and Public Purpose, 11 Montague Street, London, London WC1B 5BP, United Kingdom;2. South African Research Chair in Industrial Development (SARChI), University of Johannesburg, South Africa;1. National Research Nuclear University MEPhI, Kashirskoe shosse 31, Moscow 115409, Russian Federation;2. Moscow Aviation Institute (National Research University), Volokolamskoe shosse 4, Moscow 125993, Russian Federation;1. Johns Hopkins University School of Advanced International Studies, United States;2. Center for International Private Enterprise, United States;3. Tsinghua University, China |
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Abstract: | We find that while the depreciation subsidy and special treatment from the MITI has significantly promoted the Japanese trade advantage, legalized cartelization status in Japan has not had any apparent effect on bilateral trade with the U.S. |
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