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Title: Japan European Union Bilateral Trade: An Empirical Investigation
Citation: Hitotsubashi Journal of Economics, Vol. 39 (1), 1998, pp.37-48.
Abstract: The aim of this paper is to analyze the main determinants of the bilateral trade flows between Japan and seven countries members of the European Union. The analysis focuses on the importance of prices, activity variables, the inflows of Japanese Foreign Direct Investment (FDI) towards these European countries and the exchange rate fluctuations on exports and imports via the pass-through effect. The methodology adopted is the construction and econometric estimation of a model comprising of demand and supply equations. The analysis shows that a great part of bilateral trade between Japan and France, Germany and the Netherlands is of intra-industry type, while bilateral trade between Japan and Spain, Republic of lreland and UK is of inter-industry type. Italy seems to show a dual behaviour. The analysis shows also that currency devaluation against the yen appears to affect the bilateral trade balance between Japan and four European countries, i.e. France, Gerrnany, Italy and the Netherlands.
Appears in Collections:Δημοσιεύσεις σε Περιοδικά

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