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来源类型Working Paper
规范类型报告
DOI10.3386/w13942
来源IDWorking Paper 13942
Exporting Deflation? Chinese Exports and Japanese Prices
David Weinstein; Christian Broda
发表日期2008-04-16
出版年2008
语种英语
摘要Between 1992 and 2002, the Japanese Import Price Index registered a decline of almost 9 percent and Japan entered a period of deflation. We show that much of the correlation between import prices and domestic prices was due to formula biases. Had the IPI been computed using a pure Laspeyres index like the CPI, the IPI would have hardly moved at all. A Laspeyres version of the IPI would have risen 1 percentage point per year faster than the official index. Second we show that Chinese prices did not behave differently from the prices of other importers. Although Chinese prices are substantially lower than the prices of other exporters, they do not exhibit a differential trend. However, we estimate that the typical price per unit quality of a Chinese exporter fell by half between 1992 and 2005. Thus the explosive growth in Chinese exports is attributable to growth in the quality of Chinese exports and the increase in new products being exported by China.
主题Macroeconomics ; Business Cycles ; International Economics ; Trade
URLhttps://www.nber.org/papers/w13942
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/571614
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GB/T 7714
David Weinstein,Christian Broda. Exporting Deflation? Chinese Exports and Japanese Prices. 2008.
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