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
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Citable URI
http://hdl.handle.net/11540/2063Metadata
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