Effects of exchange rate changes on East Asian technology-intensive exports

Atsuyuki Kato*

*この研究の対応する著者

    研究成果査読

    1 被引用数 (Scopus)

    抄録

    This paper examines effects of exchange rate changes on technology-intensive exports for five Northeast Asian economies: China, Hong Kong, Japan, Republic of Korea (ROK) and Taiwan. In these economies, China, Hong Kong and Taiwan have increased the shares of high-skill and technology-intensive exports (usually finished goods) while Japan has highly concentrated on medium-skill and technology-intensive exports (mainly intermediate goods). ROK has shifted its exports from finished to intermediate goods following Japan. Panel dynamic Ordinary Least Squares (OLS) with heterogeneous time trends was applied to trade data during the period 1995–2011. Our estimation results revealed that exports with high skill and technology intensity are more sensitive to real exchange rates in China and Taiwan, while exports with medium skill and technology intensity are very sensitive to exchange rate changes except for China. These results are consistent with the current roles of those economies in the regional production networks.

    本文言語English
    ページ(範囲)809-821
    ページ数13
    ジャーナルJournal of International Trade and Economic Development
    24
    6
    DOI
    出版ステータスPublished - 2015 8 18

    ASJC Scopus subject areas

    • 地理、計画および開発
    • 開発
    • 航空宇宙工学

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