The Pattern of International Trade Between Japan and the Pacific Basin Countries: A Comparison Between 1975 and 1985
IMF Working Papers, January 1, 1995
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- The Pattern of International Trade Between Japan and the Pacific Basin Countries: A Comparison Between 1975 and 1985
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Bibliographic details
- Authors: Sayuri Shirai
- Published: January 1, 1995
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451842562.001
Summary and main findings
- Uses the international input-output tables between Japan and five Pacific Basin countries (Indonesia, Korea, Malaysia, Singapore, and Thailand) for the years 1975 and 1985 to examine the trade structure in 1975 and how it had shifted by 1985.
- Shows that intra-industry trade in manufactured products expanded as Japan increased imports of more capital-intensive products from these countries.
- Finds that intra-industry trade of intermediate inputs increased substantially more than of final products, reflecting a trend by manufacturers to subdivide the production process of intermediate inputs and to shift their locations to different countries.
- Concludes that these changes suggest a more active development of international labor in the intermediate stages of production and a deepening of regional linkages.
Data and scope
- Countries analyzed: Japan, Indonesia, Korea, Malaysia, Singapore, and Thailand.
- Years compared: 1975 and 1985.
- Data source: international input-output tables covering trade between Japan and the five Pacific Basin countries.
Interpretations and implications
- Expansion of intra-industry trade in manufactured products linked to Japan’s increased imports of more capital-intensive products from the listed Pacific Basin countries.
- Larger increase in intra-industry trade for intermediate inputs than for final products indicates:
- manufacturers subdividing the production process of intermediate inputs; and
- shifting production locations across countries in the region.
- Implies a more active development of international labor in intermediate production stages and a deepening of regional economic linkages.
Subject areas and keywords
- Subject: Commodities, Economic sectors, Exports, Imports, International trade, Manufacturing, Metals, National accounts, Transportation
- Keywords: capital product, consumer product, export share, Exports, import share, Imports, industry trade, Manufacturing, manufacturing industry, Metals, Southeast Asia, Transportation, WP