Japan's changing oil and trade regimes vis-à-vis the U.S

Leslie S. Hiraoka

Energy, 1984, vol. 9, issue 8, 645-650

Abstract: The recent history and data on oil shipments to the two largest importers are analyzed and although both came to depend heavily on foreign petroleum, the trade regimes, commercial uses, and policies surrounding the U.S. and Japan were substantially different. Regression analyses show that imports were highly correlated with refining capacity in the U.S., but that such models were not valid with respect to Japanese oil flows. The oil trade for each country was to diverge further following the Arab oil embargo with Japan's policy responses focusing on conservation, containing inflation, and maintaining export markets. Structural adjustments were also promoted through capital investments in the newer, energy-efficient technologies. In addition, Japan came to rely less on the multinational oil companies for imports, and her exporting competitiveness provoked protectionist measures abroad.

Date: 1984
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0360544284900938
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:9:y:1984:i:8:p:645-650

DOI: 10.1016/0360-5442(84)90093-8

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().