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Asian Exports: Principal Causes of Deceleration

Takatoshi Ito ()

Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: 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.

Date: 1999-03
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:a372

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