Market Share and Exchange Rate Pass-through: Competition among exporters of the same nationality
Market Share and Exchange Rate Pass-through: Competition among exporters of the same nationality
复制标题
市场份额和汇率传递：同一国家出口商之间的竞争
DOI：
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发表时间：
2009
期刊：
影响因子：
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通讯作者：
Yushi Yoshida
中科院分区：
文献类型：
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作者：
Yushi Yoshida
我们以 1988 年 1 月至 2005 年 12 月日本五个主要港口向六个目的地国家的出口为样本，研究了市场份额（相对于同一国家的竞争对手）对汇率传导（以下简称“ERPT”）的影响。我们的数据集是独一无二的，使我们能够控制具有相同国籍的竞争出口商的市场份额。我们提供的实证证据表明，市场份额对汇率传导的影响与 Feenstra 等人的研究结果一致。 (1996)，他们展示了市场份额和汇率传递之间的非线性关系。然而，我们的证据还表明，市场份额和汇率之间的关系敏感地依赖于市场特征。关于最近关于ERPT下降的研究，我们的证据表明，日本出口的ERPT在过去二十年中相对稳定，任何观察到的变化幅度都很小。特别是对于美国，我们的证据表明日本出口并不能解释近期美国进口的ERPT下降。
Using a sample from January 1988 to December 2005 for exports of five Japanese major ports to six destination countries, we examine the effect of market share (with respect to competitors from the same country) on exchange rate pass-through (henceforth, ERPT). Our dataset is unique, allowing us to control for market shares among competing exporters with the same nationality. We provide empirical evidence that the effect of market shares on exchange rate pass-through is consistent with the findings of Feenstra et al. (1996), who show a non-linear relationship between market share and exchange rate pass-through. However, our evidence also indicates that the relationship between market share and exchange rate sensitively relies on market characteristics. With regard to recent studies on declining ERPT, our evidence shows that the ERPTs of Japanese exports are relatively stable over the last two decades and any observed changes are of small magnitude. Especially for the U.S., our evidence indicates that Japanese exports do not account for the recent decline in ERPT of U.S. imports.
DOI：
10.3386/w2542
发表时间：
1988-03
期刊：
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影响因子：
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作者：
Kenneth A. Froot;P. Klemperer
通讯作者：
Kenneth A. Froot;P. Klemperer