This paper employs cointegration and error correction models to examine the dynamics of the yen-dollar real exchange rate and the US-Japan real trade balance. It uses quarterly data from 1973.I-1993.IV. The unit root tests reveal non-stationarity in both the variables. The ADF test fails to...

This paper seeks to investigate US net potential benefits of merchandise imports from Mexico under tariff reductions. It applies a partial equilibrium framework which is static and highly aggregative in nature. The results suggest that the magnitudes of US net potential benefits of tariff cuts...