Keiretsu and relationship-specific investment: implications for market-opening trade policy
نویسندگان
چکیده
منابع مشابه
Keiretsu and relationship-specific investment: implications for market-opening trade policy
This 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 a...
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2002
ISSN: 0022-1996
DOI: 10.1016/s0022-1996(01)00158-1