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Article: Are the U.S. Exports to and Imports from Japan Cointegrated?
| Title | Are the U.S. Exports to and Imports from Japan Cointegrated? |
|---|---|
| Authors | |
| Issue Date | 1998 |
| Publisher | Sejong 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? |
| Abstract | The 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 Identifier | http://hdl.handle.net/10722/85712 |
| ISSN | 2022 Impact Factor: 1.2 2020 SCImago Journal Rankings: 0.298 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Wu, Y | - |
| dc.contributor.author | Zhang, J | - |
| dc.date.accessioned | 2010-09-06T09:08:19Z | - |
| dc.date.available | 2010-09-06T09:08:19Z | - |
| dc.date.issued | 1998 | - |
| dc.identifier.citation | Journal of Economic Integration, 1998, v. 13 n. 4, p. 626-643 | - |
| dc.identifier.issn | 1225-651X | - |
| dc.identifier.uri | http://hdl.handle.net/10722/85712 | - |
| dc.description.abstract | The 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.language | eng | - |
| dc.publisher | Sejong University, Center for International Economics. The Journal's web site is located at http://www.e-jei.org/ | - |
| dc.relation.ispartof | Journal of Economic Integration | - |
| dc.title | Are the U.S. Exports to and Imports from Japan Cointegrated? | - |
| dc.type | Article | - |
| dc.identifier.openurl | http://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.email | Zhang, J: jjzhang@econ.hku.hk | - |
| dc.identifier.authority | Zhang, J=rp01124 | - |
| dc.identifier.doi | 10.11130/jei.1998.13.4.62 | - |
| dc.identifier.hkuros | 43834 | - |
| dc.identifier.volume | 13 | - |
| dc.identifier.issue | 4 | - |
| dc.identifier.spage | 626 | - |
| dc.identifier.epage | 643 | - |
| dc.publisher.place | Korea, Republic of | - |
| dc.identifier.issnl | 1225-651X | - |