The commodity composition of US-Japanese trade and the yen/dollar real exchange rate

被引:10
作者
Breuer, JB [1 ]
Clements, LA
机构
[1] Univ S Carolina, Moore Sch Business, Dept Econ, Columbia, SC 29208 USA
[2] Corcoran Coll Art & Design, Washington, DC 20002 USA
关键词
exports; imports; trade deficit; exchange rate; elasticities;
D O I
10.1016/S0922-1425(02)00052-X
中图分类号
F [经济];
学科分类号
02 ;
摘要
We use a highly disaggregated data set on trade between the United States and Japan to answer three questions concerning the composition of trade. First, we ask "how has the composition of US exports to Japan and US imports from Japan changed?" Second, we ask "what are the exchange rate elasticities of each of the commodities and are they different over periods of dollar appreciation versus depreciation?" Third, we ask "are the elasticities systematically related to commodity characteristics such as durability or share of production costs that are fixed?" (C) 2003 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:307 / 330
页数:24
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