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Article: Are the U.S. Exports to and Imports from Japan Cointegrated?

TitleAre the U.S. Exports to and Imports from Japan Cointegrated?
Authors
Issue Date1998
PublisherSejong University, Center for International Economics. The Journal's web site is located at http://www.e-jei.org/
Citation
Journal of Economic Integration, 1998, v. 13 n. 4, p. 626-643 How to Cite?
AbstractThe size and duration of the U.S. bilateral trade deficit with Japan has raised concern from both politicians and the general public. This paper seeks to investigate the behavior of this deficit by conducting stationarity tests on the deficit and tests for long-run relationships between U.S. exports to and imports from Japan. We show that, if an endogenously searched break is properly accounted for, exports and imports are cointegrated with a coefficient of one, and the deficit appears to be stationary. Thus, in contrast to the public's percep tion, we conclude that the U.S.-Japan trade deficit may not be 'too large.' (JEL Classifications: F14, C22)
Persistent Identifierhttp://hdl.handle.net/10722/85712
ISSN
2015 SCImago Journal Rankings: 0.246

 

DC FieldValueLanguage
dc.contributor.authorWu, Y-
dc.contributor.authorZhang, J-
dc.date.accessioned2010-09-06T09:08:19Z-
dc.date.available2010-09-06T09:08:19Z-
dc.date.issued1998-
dc.identifier.citationJournal of Economic Integration, 1998, v. 13 n. 4, p. 626-643-
dc.identifier.issn1225-651X-
dc.identifier.urihttp://hdl.handle.net/10722/85712-
dc.description.abstractThe size and duration of the U.S. bilateral trade deficit with Japan has raised concern from both politicians and the general public. This paper seeks to investigate the behavior of this deficit by conducting stationarity tests on the deficit and tests for long-run relationships between U.S. exports to and imports from Japan. We show that, if an endogenously searched break is properly accounted for, exports and imports are cointegrated with a coefficient of one, and the deficit appears to be stationary. Thus, in contrast to the public's percep tion, we conclude that the U.S.-Japan trade deficit may not be 'too large.' (JEL Classifications: F14, C22)-
dc.languageeng-
dc.publisherSejong University, Center for International Economics. The Journal's web site is located at http://www.e-jei.org/-
dc.relation.ispartofJournal of Economic Integration-
dc.titleAre the U.S. Exports to and Imports from Japan Cointegrated?-
dc.typeArticle-
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1225-651X&volume=13&spage=626&epage=643&date=1998&atitle=Are+the+U.S.+Exports+to+and+Imports+from+Japan+Cointegrated?en_HK
dc.identifier.emailZhang, J: jjzhang@econ.hku.hk-
dc.identifier.authorityZhang, J=rp01124-
dc.identifier.doi10.11130/jei.1998.13.4.62-
dc.identifier.hkuros43834-
dc.identifier.volume13-
dc.identifier.issue4-
dc.identifier.spage626-
dc.identifier.epage643-
dc.publisher.placeKorea, Republic of-

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