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- W3122034190 abstract "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 and output fall, the total value of US parts exports may actually fall. For a given value of these exports, a VIE is less costly for US consumers and Japanese producers, but a VER is preferred by US automakers." @default.
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- W3122034190 date "2002-10-01" @default.
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- W3122034190 title "Keiretsu and relationship-specific investment: implications for market-opening trade policy" @default.
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- W3122034190 doi "https://doi.org/10.1016/s0022-1996(01)00158-1" @default.
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