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| Tekijä: | Tongzon, J. L. Felmingham, B. S. |
| Otsikko: | Bilateral trade in the Asia-Pacific: A case study for Australia, USA, Japan and Singapore. |
| Lehti: | Asian Economic Journal
1998 : DEC, VOL. 12:4, p. 379-394 |
| Asiasana: | Bilateral trade Pacific, The Far East |
| Kieli: | eng |
| Tiivistelmä: | This analysis involves four Asia-Pacific nations on a quarterly data set 1977-1994. The reduced-form model applied here derives from a structure which accommodates income, real exchange rate and real-balance effects. The authors find that bilateral balances between these countries are not cointegrated with some potential determinants, in particular real exchange rates. They find that Singapore's trade with the USA and Japan is influenced by real exchange rates; Australian-Japanese and Australian-US trade is inluenced by real income and real-cash-balance effects but not real exchange rates while USA-Japanese bilateral trade is influenced only by real-cash-balance effects. |
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