Decomposition of Japan's trade balance

Sasaki, Yosuke; Yoshida, Yushi

doi:10.1016/j.iref.2017.12.007

Cited by 12 publications

(5 citation statements)

References 17 publications

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“…Therefore, it can be concluded that with robustness of trade balance, the exchange rate is one of the most important macroeconomic factors that drive East Asian trade balance. This finding is also found in various studies in the past; for example, Elahi et al (2016) in a sample of 10 developed countries and 15 developing countries in the world; Sasaki and Yoshida, 2018;Dogru et al (2019) in the United State of America; Manual and San (2019) in the case of Malaysia.…”

Section: Real Exchange Ratesupporting

confidence: 77%

“…In the study that focused on the crisis of financial global and unexpected problems in Japan, Sasaki and Yoshida (2018) indicated that trade balance in the country has changed from surplus to deficit. In addition to devaluation policy of Japan's yen, it exits a contradiction because deficit has still lasted, showing that this policy is ineffective.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The prime finding in the literature is that real exchange rate shocks can affect the trade balance (Hassan and Zaman, 2012;Shawa and Shen, 2013;Elahi et al, 2016;Sasaki and Yoshida, 2018;Dogru et al, 2019;Manual and San, 2019). However, few studies in the literature suggested that trade balance is predominantly determined by export value (Gao and Tian, 2016).…”

Section: Introductionmentioning

confidence: 99%

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Energy Consumption, Economic Growth and Trade Balance in East Asia: A Panel Data Approach

Tran

Nguyễn

Nguyen

et al. 2020

IJEEP

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The purpose of this work is to study the effects energy consumption, economic growth and trade balance in the East Asian countries. Using a panel data analysis in the period over 1996-2015, the study analyzes based on the methods of fixed, random effects, and pooled ordinary least squares. The data were collected from World Development Indicators, Department of Statistics in relevant countries used in the study. Our results demonstrate that energy consumption has negatively affected trade balance while economic growth that can negatively affect the balance of trade but insignificant. Further, the prime factors that can significantly impact trade balance are exports, exchange rates and development level. Both exports and exchange rates have positive and significant impacted on trade balance. Finally, a country with a higher level of domestic income will certainly perform a higher level of trade balance.

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Section: Real Exchange Ratesupporting

confidence: 77%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Energy Consumption, Economic Growth and Trade Balance in East Asia: A Panel Data Approach

Tran

Nguyễn

Nguyen

et al. 2020

IJEEP

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“…The identification of drivers for a balanced trade has been extensively researched in the economic literature. Several studies paid attention to the dynamics of the trade balance in the case of a single country (Russ & Swenson, 2019), or for a particular industry (Sasaki & Yoshida, 2018). Other works instead focused on the asymmetric relationship between trade balance and exchange rates (Bahmani‐Oskooee et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Mobile and internet usage, institutions and the trade balance: Evidence from African countries

et al. 2023

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This study examines the influences of institutions, the Internet and mobile usage on the trade balance of African countries between 2003 and 2017. Our empirical results have been estimated with a panel‐corrected standard error method (PSCE) and they have been confirmed by several alternative techniques. First, the increase of internet usage and mobile usage has a significant negative effect on total and inter‐continental trade balances while these factors improve the intra‐African trade balances. Second, better institutions appear to have a negative impact on the total‐, inter‐, and intra‐African trade balances – in other words, better institutions appear to stimulate imports rather than exports. This observation explains the decreasing trends in the current account balances of African countries. Third, the combined effect of the three factors (institutions, internet, and mobile use together) has a significant positive impact on all trade balances: total‐, inter‐, and intra‐continental. Our study shows that an improvement in institutional quality acts as a mitigating factor for any negative impact internet\mobile development might cause on the trade balances of African countries. Further, our analysis examines the influence of institutions, internet usage, and mobile usage on the two parts of the trade: exports and imports. We observe that internet and mobile can influence negatively and differently impact the two wings of the balance trade. However, all improvements in institutions and their associations with internet usage and mobile usage have a significant positive impact on the trade balance especially on exporting activities of African countries.

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“…Many factors may cause the trade balance to fluctuate, including changes in the relative prices of foreign and domestic goods, exchange rates, country income, logistic factors, interest rates, free trade arrangements, tariff or non-tariff barriers, and transportation costs (Caporale et. al., 2017;Senadza & Diaba, 2017;Sasaki & Yoshida, 2018;Soderbery, 2018). After the financial crisis struck the Southeast Asian region in 1997, ASEAN started to maintain two fundamental internal actions in order to accelerate the recovery process and get out of the downturn period.…”

Section: Introductionmentioning

confidence: 99%

Dynamic Perspective of Trade Balance: Evidence from Southeast Asia before the Global Financial Crisis of 2008

Saputra

2019

J. Bus. Econ. Review

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Objective - This paper studies the influence of some determinants of trade balance for Southeast Asia countries in dynamics perspective before the global financial crisis of 2008. Methodology/Technique - Based on quarterly data (1980q1 to 2007q3), the investigation is carried out using VECM. Findings - The results show that in the long run: (i) income effect is found to be dominant in determining the change in trade balance; (ii) the cash balance effect does influence bilateral trade; (iii) bilateral trade is affected by exchange rate movements. Further, the effect of small economies are suspected to be present in Southeast Asia region. Meanwhile, in the short run: (i) the cash balance effect plays a major role in influencing trade balance improvement; (ii) compared to the cash balance effect, the income effect is present with slightly less contribution; (iii) the exchange rate effect is observed in the analysis, while a J-curve phenomenon exists in minor cases. Novelty - This paper concludes that in the long term, income effect is found to be dominant in determining the change in trade balance. Type of Paper: Empirical. Keywords: Export; Trade Balance; VECM; J-curve; Income Effect. JEL Classification: C33, F14, O14. DOI: https://doi.org/10.35609/jber.2019.4.1(7)

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Decomposition of Japan's trade balance

Cited by 12 publications

References 17 publications

Energy Consumption, Economic Growth and Trade Balance in East Asia: A Panel Data Approach

Energy Consumption, Economic Growth and Trade Balance in East Asia: A Panel Data Approach

Mobile and internet usage, institutions and the trade balance: Evidence from African countries

Dynamic Perspective of Trade Balance: Evidence from Southeast Asia before the Global Financial Crisis of 2008

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