This paper examines the impacts of the real exchange rates between the renminbi and the US dollar on the trade between the two countries. Because various tests with the quarterly data from 1986Q1 to 2006Q2 imply a structural break around 1994Q1, the export equations are estimated using the...

This paper measures to what extent the real effective exchange rate of the Korean won is misaligned from its equilibrium value by estimating the equilibrium value using the behavioral equilibrium exchange rate (BEER) approach. The economic fundamentals such as the terms of trade, the relative...

The purpose of this paper is to examine whether and to what extent Chinese and Korean products in the machinery industry compete with each other in the Japanese market. Empirical tests of panel data of 16 machinery products from 2000Q1 to 2012Q2 show that a decrease in the unit prices of Chinese...