Japan-US trade balance at commodity level and asymmetric effects of Yen-Dollar rate

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dc.authoridKaramelikli, Huseyin/0000-0001-7622-0972
dc.contributor.authorBahmani-Oskooee, Mohsen
dc.contributor.authorKaramelikli, Huseyin
dc.date.accessioned2024-09-29T15:57:26Z
dc.date.available2024-09-29T15:57:26Z
dc.date.issued2018
dc.departmentKarabük Üniversitesien_US
dc.description.abstractPrevious research that applied the new nonlinear methods to Japan's trade balance with the rest of the world or between Japan and its major partner, the U.S., could not discover any asymmetric effects of exchange rate changes. Suspecting that aggregation bias could play a role, in this paper we concentrate on the Japan-U.S. trade balance but disaggregate their trade flows by commodity and consider the response of the trade balance of each of the 56 industries to industry-specific real exchange rate changes. We find short-run asymmetric effects of exchange rate changes in 44 industries and short-run impact asymmetric effects in 19 industries. However, the short-run effects lasted into long-run asymmetric effects in 18 industries. Small as well as large industries are included. Our approach identifies industries that will benefit from a yen depreciation or that will be hurt from a yen appreciation.en_US
dc.identifier.doi10.1016/j.japwor.2018.06.002
dc.identifier.endpage10en_US
dc.identifier.issn0922-1425
dc.identifier.issn1879-2006
dc.identifier.scopus2-s2.0-85048787805en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1en_US
dc.identifier.urihttps://doi.org/10.1016/j.japwor.2018.06.002
dc.identifier.urihttps://hdl.handle.net/20.500.14619/4817
dc.identifier.volume48en_US
dc.identifier.wosWOS:000453641600001en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevier Science Bven_US
dc.relation.ispartofJapan and the World Economyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectJapan-U.S tradeen_US
dc.subject56 industriesen_US
dc.subjectIndustry-specific exchange rateen_US
dc.subjectNon-linear ARDLen_US
dc.subjectAsymmetric effectsen_US
dc.titleJapan-US trade balance at commodity level and asymmetric effects of Yen-Dollar rateen_US
dc.typeArticleen_US

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