外文翻譯--貿(mào)易及經(jīng)濟(jì)增長在日本和韓國的實(shí)證分析-文庫吧資料
2025-05-22 05:51本頁面
【正文】 nagers and exert corporation control。中文 3000字 本科畢業(yè)論文外文翻譯 外文題目： Terms of trade and economic growth in Japan and Korea:an empirical analysis 出 處： Empir Econ (2020) 38:139–158 作 者： Hock Tsen Wong 原 文： Terms of trade and economic growth in Japan and Korea:an empirical analysis 1 .Introduction Terms of trade and terms of trade volatility have a critical impact on economic growth, particularly during world episodes of global integration or disintegration when export prices converge or diverge worldwide, inducing large terms of trade changes andeconomywide responses . However, their in?uence is ambiguous. An increase in terms of trade could either lead to an increase or a decrease in economic growth. Generally, an increase in terms of trade will lead to an increase in investment and thus economic growth will increase. Mendoza, Bleaney and Greenaway , and Blattman et al. , amongst others, report a positive impact of terms of trade on economic growth. Eicher et an intertemporal model to examine the impact of a decrease in terms of trade on current account and output, with the focus on a developing country. The model shows that a decrease in terms of trade will have a negative effect on ine and wealth. In the long run, a decrease in terms of trade will lead to a proportional decrease in the debt level of an economy whilst output, capital, and borrowing will not change. Thus a change in terms of trade will only affect economic growth in the short run and not in the long run. A high terms of trade volatility will lead to the reallocation of both input and output because of aversion to risk. This will involve costs and losses, and thus economic growth will decrease. This is particularly important where hedge markets are inplete. Empirical studies into the impact of terms of trade and terms of trade volatility on economic growth are dominated by crosscountry research. Noheless, it is interesting to examine the impact of terms of trade and terms of trade volatility on a particular economy. This study examines the impact of terms of trade on real gross domestic product (GDP) per capita in Japan and Korea using time series data. Japan is a relatively large closed economy whilst Korea is a relatively small open economy. Moreover, Japan has achieved a low economic growth rate over the past few decades, whilst Korea has achieved a relatively high economic growth rate. This study thus provides some evidence of whether terms of trade have contributed significantly to a relatively low or high economic growth. The impact of terms of trade on economic growth is argued to be different across economies. Fur thermore, this study examines the impact of terms of trade volatility on real GDP per capita. In addition, the impact of oil price and ?nancial development on real GDP per capita is examined. Japan and Korea are both oil importing countries. Therefore this study provides some evidence of the impact of oil price on economic
畢業(yè)設(shè)計相關(guān)推薦
鄂ICP備17016276號-1