Abenomics' Trade Spillover
Ferrarini, Benno | October 2013
Abstract
"The paper assesses the impact on Japan’s competitors from a marked fall in the value of yen. Competing exporters are likely hurt by a cheaper yen, except those relying heavily on Japanese parts and components for their exports. This paper formalizes this intuition and tests it against a data set covering more than 90% of world trade at the product level, between 2000 and 2011. Panel regression analysis shows that, for countries and products facing Japan’s strongest competition, a 10% appreciation of the yen lowers average exports by more than 3%, which is a sizeable pass through. Elsewhere, the impact is negligible, particularly when parts and components trade is accounted for."
Citation
Ferrarini, Benno. 2013. Abenomics' Trade Spillover. © Asian Development Bank. http://hdl.handle.net/11540/2063. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Project Evaluation & Review Technique
Operations Evaluation
Evaluation
World Trade
Trade Volume
Trade Promotion
Trade Flows
Trade Development
Patterns Of Trade
Resources evaluation
Input output analysis
Import volume
Export volume
Export Development
Economic agreements
International market
Import policy
Export policy
Participatory monitoring and evaluation
Participative management
Foreign trade routes
Trade routes
Foreign trade and employment
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Citable URI
http://hdl.handle.net/11540/2063Metadata
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