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Asian Exports: Principal Causes of Deceleration

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  • Takatoshi Ito

Abstract

This paper examines the causes for dramatic declines in (gross) exports among Asian countries in 1995-96. Common factors are the overvaluation of the exchange rate, partly due to yen depreciation in 1995-96, declines in export prices, especially for semi-conductors, and simultaneous declines in aggregate demand in the region. The possible long-term decline in the productivity in the region, a transition from high growth to moderate growth, is not likely related to this particular episode.

Suggested Citation

  • Takatoshi Ito, 1999. "Asian Exports: Principal Causes of Deceleration," Discussion Paper Series a372, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hituec:a372
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