A REEXAMINATION OF JAPAN'S AGGREGATE IMPORT DEMAND FUNCTION: AN APPLICATION OF THE ENGLE AND GRANGER TWO-STEP PROCEDURE

Augustine Chuck Arize

28 citations0/0 files storedInternational Economic Journal

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Global trade and economics Monetary Policy and Economic Impact Economics of Agriculture and Food Markets

Abstract

This paper reexamines the import demand function of Japan. In addition to using the relatively new procedures of cointegration and error-correction modeling, the role of effective exchange rate on Japan's import demand is considered. The empirical results suggest that the error-correction model performs very well. The estimates confirm that the omission of effective exchange rate, misspecification of the adjust- ment mechanism, and the use of the price-ratio format have yielded statistically insignificant or implausible results. The results suggest also that the recent apprecia- tion of the yen has caused a structural shift in Japan's import demand behavior. [C13]

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 28 citations exist upstream.

References

1987Co-Integration and Error Correction: Representation, Estimation, and Testing 1982Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation 1984Testing for Unit Roots in Autoregressive-Moving Average Models of Unknown Order 1987Forecasting and testing in co-integrated systems 1969Income and Price Elasticities in World Trade 1987Effects of model specification on tests for unit roots in macroeconomic data 1978Serial Correlation as a Convenient Simplification, Not a Nuisance: A Comment on a Study of the Demand for Money by the Bank of England 2000Serial Correlation as a Convenient Simplification, not a Nuisance: A Comment on a Study of the Demand for Money by the Bank of England

Cited by

1997The Demand for Imports and Exports in Japan: A Survey 2013Exchange Rate Volatility and Economic Activities of Africa's Sub-Groups 2010Explaining Nigeria's import demand behaviour: a bound testing approach 2005A REEXAMINATION OF SOUTH KOREA, AGGREGATE IMPORTS DEMAND FUNCTION: THE BOUNDS TEST ANALYSIS 2002

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.