The Changing Structure of Japanese Trade Flows: The Changing Structure of Japanese Trade Flows

International Monetary Fund

No 1990/107, IMF Working Papers from International Monetary Fund

Abstract: The changes to the structure of Japanese exports and imports in the second half of the 1980s departed significantly from past trends. Econometric analysis confirms that some of the structural changes—notably the importance of consumer goods trade—cannot be fully explained using conventional trade equations. However, the structural changes were consistent with the likely nonlinear effects of the unusually large appreciation of the yen during 1985-87, which, among other things, precipitated a surge in Japanese foreign direct investment.

Keywords: WP; export; import; consumer goods; capital goods; price; capital goods export; consumer goods imports; import demand; market share; consumer goods export; Exports; Imports; Foreign direct investment; Export performance; Real imports; Western Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 40
Date: 1990-01-01
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