Long-Run Determinants of Japanese Exports to China and the United States: A Sectoral Analysis

Jacques Jaussaud and Serge Rey

Working Papers from HAL

Abstract: We show that during the period 1971–2007, Japanese sectoral exports to China and the United States have depended on real exchange rate fluctuations and external demand (gross domestic product of the country of destination). This result holds for six sectors: foods, textile, metal products, chemicals, non-metal products, and machinery and equipment, as well as for both geographical destinations. Generally, the real exchange rate fluctuations and GDP have had the expected effects. In particular, a real appreciation of the yen and a bigger uncertainty has reduced the Japanese exports. But there is an important exception, as we find a price inelasticity of the principal Japanese exports to USA, i.e. Machinery and Equipment, which represent 80 percent of total exports to USA. So, a real depreciation of the yen may constitute an inappropriate policy to favor a process of growth export-led.

Keywords: Exchange rate; Yen; International Trade; Exports; Long-run relationships; Japan (search for similar items in EconPapers)
Date: 2009-11
New Economics Papers: this item is included in nep-cna and nep-int
Note: View the original document on HAL open archive server: https://univ-pau.hal.science/hal-01880362v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://univ-pau.hal.science/hal-01880362v1/document (application/pdf)

Related works:
Journal Article: LONG‐RUN DETERMINANTS OF JAPANESE EXPORTS TO CHINA AND THE UNITED STATES: A SECTORAL ANALYSIS (2012)
Working Paper: Long-Run Determinants of Japanese Exports to China and the United States: A Sectoral Analysis (2012)
Working Paper: Long-Run Determinants of Japanese Exports to China and the United States: A Sectoral Analysis (2009)
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:hal:wpaper:hal-01880362

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().