Supply Pressure and the Export-Import Performance in the Japan-U.S. Bilateral Trade /

The paper examines the effects of the supply pressure of the exports in the Japan-U.S. bilateral trade. A simultaneous equation approach with a Almon lag structure is adopted. Two factors of supply pressure, id est, full-employment capacity and inventory are specified, and positively-sloped export s...

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Hlavní autor: Onitsuka, Yusuke
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1994.
Edice:IMF Working Papers; Working Paper ; No. 1994/053
On-line přístup:Full text available on IMF
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Shrnutí:The paper examines the effects of the supply pressure of the exports in the Japan-U.S. bilateral trade. A simultaneous equation approach with a Almon lag structure is adopted. Two factors of supply pressure, id est, full-employment capacity and inventory are specified, and positively-sloped export supply functions with these two shift factors are successfully estimated. While capacity is positively correlated with exports, the inventory is often negatively correlated. It is also shown that export supply pressure is much stronger in Japan's exports than in the U.S. exports, and that supply pressure often affects exports with a lag structure spreading over twelve quarters.
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Fyzický popis:1 online resource (22 pages)
Médium:Mode of access: Internet
ISSN:1018-5941
Přístup:Electronic access restricted to authorized BRAC University faculty, staff and students