Arbeitspapier
Abenomics' Trade Spillover
There is no escaping Japan's competition in the world markets for goods, particularly in the automotive and electronics industries. Countries exporting to these markets are bound to feel the competitive pressure from a marked fall in the value of the yen. However, while some exporters will be hurt by a cheaper yen, others will benefit from lower input costs, to the extent that they source parts and components from Japan for processing, assembly, and reexport. This paper formalizes these intuitions and tests them 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 vertical trade is accounted for.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADB Economics Working Paper Series ; No. 379
- Klassifikation
-
Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Trade Policy; International Trade Organizations
Empirical Studies of Trade
- Thema
-
export competition
exchange rate spillover
Abenomics
Japan
Republic of Korea
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ferrarini , Benno
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank (ADB)
- (wo)
-
Manila
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ferrarini , Benno
- Asian Development Bank (ADB)
Entstanden
- 2013
Ähnliche Objekte (12)
Contagion, spillover and interdependence
Upward pressure on wages and the interregional trade spillover effects under demand-side shocks
Trade, finance or policies: what drives the cross-border spill-over of business cycles?
Program Evaluation and Spillover Effects
An Injury to One Is an Injury to All: Terrorism's Spillover Effects on Bilateral Trade
Technology Spillover through Trade and TFP Convergence: 120 Years of Evidence for the OECD Countries
Trade concentration and crisis spillover: Case study of transmission of the subprime crisis to Thailand
Does trade integration imply growth in Latin America? Evidence from a dynamic spatial spillover model
The Knowledge Spillover Theory of Entrepreneurship
Spillover effects of stricter immigration policies
Spillover effects in firms' bank choice
China's macroeconomic policies and spillover effects
Contagion, spillover and interdependence
Upward pressure on wages and the interregional trade spillover effects under demand-side shocks
Trade, finance or policies: what drives the cross-border spill-over of business cycles?
Program Evaluation and Spillover Effects
An Injury to One Is an Injury to All: Terrorism's Spillover Effects on Bilateral Trade
Technology Spillover through Trade and TFP Convergence: 120 Years of Evidence for the OECD Countries
Trade concentration and crisis spillover: Case study of transmission of the subprime crisis to Thailand
Does trade integration imply growth in Latin America? Evidence from a dynamic spatial spillover model
The Knowledge Spillover Theory of Entrepreneurship
Spillover effects of stricter immigration policies
Spillover effects in firms' bank choice
China's macroeconomic policies and spillover effects
Contagion, spillover and interdependence
Upward pressure on wages and the interregional trade spillover effects under demand-side shocks
Trade, finance or policies: what drives the cross-border spill-over of business cycles?
Program Evaluation and Spillover Effects
An Injury to One Is an Injury to All: Terrorism's Spillover Effects on Bilateral Trade
Technology Spillover through Trade and TFP Convergence: 120 Years of Evidence for the OECD Countries
Trade concentration and crisis spillover: Case study of transmission of the subprime crisis to Thailand
Does trade integration imply growth in Latin America? Evidence from a dynamic spatial spillover model
The Knowledge Spillover Theory of Entrepreneurship
Spillover effects of stricter immigration policies
Spillover effects in firms' bank choice