New evidence for exchange rate pass-through disaggregated trade data from local ports

For the estimation of exchange rate pass-through (henceforth ERPT), except for few evidences based on firm-level data, even the most disaggregated level of national export data is still biased with aggregation over sub-regions within an exporting country. We investigate to what extent this aggregati...

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Veröffentlicht in:International review of economics & finance
1. Verfasser: Yoshida, Yūshi (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 2010
Schlagworte:
1988-2005 > Exchange Rate Pass-Through > Export > Außenhandelspreis > Japan > Aufsatz in Zeitschrift
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Zusammenfassung:For the estimation of exchange rate pass-through (henceforth ERPT), except for few evidences based on firm-level data, even the most disaggregated level of national export data is still biased with aggregation over sub-regions within an exporting country. We investigate to what extent this aggregation within product category is biased by comparing ERPT estimates across local ports. We use monthly exports at the HS 9-digit level from January 1988 to December 2005 for five major Japanese ports. In a panel data regression framework we control for exporting industry and importing country. Statistical tests provide strong evidence that export prices are set at different levels across local ports and that they correspond differently with respect to fluctuations of exchange rates.
Beschreibung:graph. Darst.
ISSN:1059-0560