This paper re-examines aggregate and disaggregate import and export demand functions for Japan in the context of the country's substantial structural transformation, particularly with regard to the East Asian production chain. In the long run, imports of non-fuel goods are highly income sensitive, while the price elasticity is near unity.
Export and Import Elasticities for Japan: New Estimates
Additional Info
- Volume or issue no.: La Follette School Working Paper No. 2013-004
- Author(s): Menzie D. Chinn
- Link to publication: Download PDF