The International Economy
Online ISSN : 1884-4367
Print ISSN : 2186-6074
ISSN-L : 1884-4367
Volume 19
Showing 1-4 articles out of 4 articles from the selected issue
2015 JSIE Presidential Address
  • Jota Ishikawa, Toshihiro Okubo
    2016 Volume 19 Pages 1-22
    Published: 2016
    Released: April 05, 2017
    [Advance publication] Released: September 23, 2016
    Using the footloose capital model with two countries, this paper studies different impacts of emission taxes and quotas on firm location and global emissions under trade liberalization. If only one country (North) sets a target of emissions, firms may have incentive to relocate to the other country (South). That is, the pollution haven effect could arise. We show that a further decrease in trade costs, given an emission regulation in North, increases firm relocation and global emissions only if trade costs are relatively low. Moreover, compared with emission taxes, emission quotas moderate firm relocation, which results in less pollution haven and hence less global emissions.
    JEL:F18, Q54
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2014 JSIE Kojima Kiyoshi Prize Lecture
2015 JSIE Kojima Kiyoshi Prize Lecture
  • Sawako Maruyama
    2016 Volume 19 Pages 53-74
    Published: 2016
    Released: April 05, 2017
    [Advance publication] Released: August 01, 2016
    This paper aims to investigate the structure and the determinants of the trade of products manufactured by small- and medium-sized enterprises. For this purpose, a trade database for selected SME-based industries is prepared. Analyzing this database, the following three findings are obtained. First, firms in SME-based industries are facing a large inflow of imported goods, while the volume of their exports is relatively small.Secondly, the share of Asian countries is larger in the trade of SME products than overall trade. Thirdly, the gravity model can be applied for the trade of SME products. In some cases, distance and difference of income level tend to be more sensitive for SME products than overall trade. These results are consistent with the labor-intensive characteristics of SME products.
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