Estimating Trade Effects of the Competitive Devaluation Policy in East Asia’s Countries

Yana Valeryevna Dyomina ()
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Yana Valeryevna Dyomina: Economic Research Institute FEB RAS

Spatial Economics=Prostranstvennaya Ekonomika, 2013, issue 1, 136-143

Abstract: The paper examines the competitive devaluation policy effects on the East Asia’s trade for the period of 2000–2011. The author obtained quantitative estimation of the currency policy trade effects with the help of panel data regression analysis (using export and import data of the following countries: China, Japan, Indonesia, Malaysia, Vietnam, Thailand, the Philippines and the Republic of Korea). The article includes investigation of the following foreign trade flows: total, intra-regional and out- of-regional exports and imports of merchandise. The study reflects the fact that the competitive devaluation policy of ASEAN+3 countries negatively affects the out-of-regional exports and imports, as well as the total imports. Simultaneously such exchange rate policy measures have no effect on intra-regional trade.

Keywords: ?; ñompetitive; devaluation; policy; ?; trade; effects; ?; export; ?; import; ?; exchange; rate; ?; ASEAN+3; ?; East; Asia (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2013:i:1:p:136-143

DOI: 10.14530/se.2013.1.136-143

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