The Demand for Imports and Exports in Japan: A Survey

Sawyer, W. Charles; Sprinkle, Richard L.

doi:10.1006/jjie.1996.0359

Cited by 19 publications

(10 citation statements)

References 41 publications

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“…The import demand and elasticity of substitution values were different in each scenario and were also based on the degree of homogeneity for the products which were differentiated between agricultural products, raw materials, and manufactured goods. The elasticity values assumed by Busse, Borrmann, and GroBmann (2004) were similar to elasticity values in other developing countries (see Sawyer and Sprinkle 1999;Gallaway, McDaniel, and Rivera 2003;and Kee, Olarreaga, and Nicita 2004). Greenaway and Milner (2006) used the import demand elasticities based on Stern, Francis, and Schumacher (1976) while the relevant import source substitution elasticities were acquired from the Global Trade Analysis Project behavioural parameters file (Hertel et al 1997).…”

Section: Data: Import Demand and Substitution Elasticitiessupporting

confidence: 80%

Trade, Economic and Welfare Impacts of the CARICOM-Canada Free Trade Agreement

Khadan¹,

Hosein²

2016

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Section: Data: Import Demand and Substitution Elasticitiessupporting

confidence: 80%

Trade, Economic and Welfare Impacts of the CARICOM-Canada Free Trade Agreement

Khadan¹,

Hosein²

2016

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“…The standard formulation for the export and import equations is based on the partial equilibrium model of international trade presented in Goldstein and Khan (1985); a more recent review of this modelling approach is Sawyer and Sprinkle (1996).…”

Section: The Baseline Trade Flows Model: Data Results and Robustnessmentioning

confidence: 99%

Exploring Price and Non-Price Determinants of Trade Flows in the Largest Euro-Area Countries

Giordano

Zollino

2014

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may / May 2015 AbstractSince the mid-2000s price-competitiveness indicators for some euro-area countries have been providing conflicting signals. Against a stability of the producer price (PPI)-based measure, the manufacturing unit labour cost (ULCM)-deflated indicator points to a major competitiveness loss in Italy; we argue that the discrepancy mostly reflects a divergence of ULCM and PPI trends in competitor countries. Owing to the fading representativeness of labour on overall costs, price-based indicators appear to be more appropriate than those based on ULCMs to assess external competitiveness. In Italy ULC-based indicators play a less relevant role relative to price-deflated measures in explaining exports; the opposite holds true for Germany and France, whereas in Spain exports are insensitive to prices. Non-price competitiveness proves important in explaining Italian, German and, in particular, Spanish exports. Imports react to price-competitiveness dynamics only in Italy; considering the participation in global value chains is useful to correctly identify import sensitivity to domestic and foreign demand. Non-technical summaryTrends in price competitiveness are usually proxied by the real effective exchange rate (REER), i.e. a weighted geometric average of bilateral exchange rates of a country's main trading partners deflated by a measure of relative inflation. However, the choice of the measure is open to much debate, since no standard indicator is theoretically optimal. According to the adopted deflator, we categorize the REER as price-based when relative consumer prices, producer prices of manufactured goods (PPIs) or GDP deflators are used, and ULC-based when unit labour costs in manufacturing (ULCM) or in the total economy (ULCT) are employed.In A focus on the single deflator trends in each country under investigation sheds light on the dispersion across the corresponding REERs. A cointegration analysis points to PPIs and ULCMs moving hand-in-hand in Italy in the long run, whereas the relationship is unstable in the case of France and recently has shown a structural break in the remaining two countries. In particular, the evidence of an increasing gap between PPI and ULCM in Germany, by far Italy's main trading partner, largely explains why the latter country, despite proving the only one in which PPI and ULCM co-move, records a dramatic divergence between its PPI-and ULCM-based REERs. One possible expla...

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“…Alternatively, vector autoregression methods have been used by Ceglowski (1996), Daly (1998), and Nadenichek (2000) to examine, respectively, the late 1980s surge in U.S. imports from Japan, the effect of exchange rate volatility on Japanese trade, and the Japan-U.S. trade imbalance in a real business cycle model. Also, see Sawyer and Sprinkle (1997) for a survey of the empirical international economics literature as it applies to Japanese trade.…”

Section: The Empirical Modelmentioning

confidence: 99%

Has Japan Been Left Out in the Cold by Regional Integration?

Wall

2002

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The Demand for Imports and Exports in Japan: A Survey

Cited by 19 publications

References 41 publications

Trade, Economic and Welfare Impacts of the CARICOM-Canada Free Trade Agreement

Trade, Economic and Welfare Impacts of the CARICOM-Canada Free Trade Agreement

Exploring Price and Non-Price Determinants of Trade Flows in the Largest Euro-Area Countries

Has Japan Been Left Out in the Cold by Regional Integration?

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