Exchange Rates, Prices of Traded Goods, and the Japan-U.S. Trade Imbalance
學年 92
學期 1
發表日期 2003-10-17
作品名稱 Exchange Rates, Prices of Traded Goods, and the Japan-U.S. Trade Imbalance
著者 林淑琴
作品所屬單位 淡江大學經濟學系
出版者 淡江大學經濟系
會議名稱 第二屆全國應用經濟學術研討會=2003 Taiwan Conference on Applied Economics
會議地點 臺北市, 臺灣
摘要 To explain the perplexing issue of why Japanese trade imbalance with the U.S. has persisted despite the depreciation of the dollar, we estimate simultaneous equation models to determine the magnitude of the offsetting effects of the U.S. importer's importer's strategic pricing, the Japanese exporter's strategic pricing, and indirect cost adjustment effects of exchange rate changes on export prices . The analysis of indirect cost adjustment effect is important in the cast of Japan because that country imports mostly intermediate goods for the production of manufactured products that are exported . The analysis of importers' strategic pricing attempts to explain the effect of the importers' and retailers' pricing behavior on consumers' demand and thus, in turn, the trade balance. Our findings support the view that strategic pricing and indirect cost adjustment effects significantly reduce the effectiveness of exchange rates as a mechanism to balance international trade.
關鍵字 匯率;貿易平衡;日本;貿易價格;美國;Exchange Rate;Trade Balance;Japan;Price Of Traded Goods;United States
語言 en
會議性質 國內
校內研討會地點 台北校園
研討會時間 20031017~20031017
國別 TWN
公開徵稿 Y
出處 第二屆全國應用經濟學術研討會論文集,頁1-29

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