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An Analysis Of Hong Kong Export Performance


  • Yin-Wong Cheung


The study models the Hong Kong domestic exports and re-exports, compares the performance of exports to the rest of the world, the USA and Japan, and uses destination-and-export-type specific unit value indexes to construct real exchange rates. In general, Hong Kong exports display mean-reverting dynamics, are positively influenced by foreign income and are adversely affected by high value of its currency. The lagged export variable, foreign income, and real exchange rate provide most of the explanatory power. Other variables explain marginally the variability of Hong Kong exports. Copyright 2005 Blackwell Publishing Ltd

Suggested Citation

  • Yin-Wong Cheung, 2005. "An Analysis Of Hong Kong Export Performance," Pacific Economic Review, Wiley Blackwell, vol. 10(3), pages 323-340, October.
  • Handle: RePEc:bla:pacecr:v:10:y:2005:i:3:p:323-340

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    References listed on IDEAS

    1. Goldstein, Morris & Khan, Mohsin S., 1985. "Income and price effects in foreign trade," Handbook of International Economics,in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 20, pages 1041-1105 Elsevier.
    2. Hooper, Peter & Kohlhagen, Steven W., 1978. "The effect of exchange rate uncertainty on the prices and volume of international trade," Journal of International Economics, Elsevier, vol. 8(4), pages 483-511, November.
    3. Yin-Wong Cheung, 2005. "An Analysis Of Hong Kong Export Performance," Pacific Economic Review, Wiley Blackwell, vol. 10(3), pages 323-340, October.
    4. Cheung, Yin-Wong & Lai, Kon S, 1993. "Finite-Sample Sizes of Johansen's Likelihood Ration Tests for Conintegration," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 55(3), pages 313-328, August.
    5. Cheung, Yin-Wong & Lai, Kon S, 1995. "Lag Order and Critical Values of the Augmented Dickey-Fuller Test," Journal of Business & Economic Statistics, American Statistical Association, vol. 13(3), pages 277-280, July.
    6. Agathe Cote, "undated". "Exchange Rate Volatility and Trade: A Survey," Staff Working Papers 94-5, Bank of Canada.
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    Cited by:

    1. Cheung, Yin-Wong & Chinn, Menzie D. & Qian, XingWang, 2012. "Are Chinese trade flows different?," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2127-2146.
    2. Cheung, Yin-Wong & Sengupta, Rajeswari, 2013. "Impact of exchange rate movements on exports: An analysis of Indian non-financial sector firms," Journal of International Money and Finance, Elsevier, vol. 39(C), pages 231-245.
    3. Yin-Wong Cheung & Menzie D. Chinn & Eiji Fujii, 2010. "China's Current Account and Exchange Rate," NBER Chapters,in: China's Growing Role in World Trade, pages 231-271 National Bureau of Economic Research, Inc.
    4. Yin-Wong Cheung, 2005. "An Analysis Of Hong Kong Export Performance," Pacific Economic Review, Wiley Blackwell, vol. 10(3), pages 323-340, October.
    5. repec:eee:ecmode:v:64:y:2017:i:c:p:69-73 is not listed on IDEAS
    6. Menzie Chinn, 2006. "A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation," Open Economies Review, Springer, vol. 17(1), pages 115-143, January.
    7. Pasrun Adam & Pasrun Adam & Rosnawintang Rosnawintang & Ambo Wonua Nusantara & Abd Aziz Muthalib, 2017. "A Model of the Dynamic of the Relationship between Exchange Rate and Indonesia’s Export," International Journal of Economics and Financial Issues, Econjournals, vol. 7(1), pages 255-261.

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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade


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