Evidence of shifts in the determinants of the structure of Japanese manufacturing trade, 1970-95
Using pooled cross-section and time-series data for 17 manufacturing industries in Japan, this paper examines whether and how Japan’s comparative advantage in manufacturing changed over the period 1970 to 1995. The results show that physical and human capital were the main sources of comparative advantage in manufacturing over the whole period, with human capital exerting the stronger influence. A gradual change in the relationship between net exports and factor intensities began to take place...[Show more]
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