Asian Exports: Principal Causes of Deceleration
Takatoshi Ito ()
Discussion Paper Series from Institute of Economic Research, Hitotsubashi University
This paper examines the causes for dramatic declines in (gross) exports among Asian countries in 1995-96. Common factors are the overvaluation of the exchange rate, partly due to yen depreciation in 1995-96, declines in export prices, especially for semi-conductors, and simultaneous declines in aggregate demand in the region. The possible long-term decline in the productivity in the region, a transition from high growth to moderate growth, is not likely related to this particular episode.
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:a372
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