Export Pricing Behavior of Manufacturing
Author | : Kenichi Ohno |
Publisher | : |
Total Pages | : 42 |
Release | : 1988 |
Genre | : Exports |
ISBN | : |
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Author | : Kenichi Ohno |
Publisher | : |
Total Pages | : 42 |
Release | : 1988 |
Genre | : Exports |
ISBN | : |
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 52 |
Release | : 1988-08-09 |
Genre | : Business & Economics |
ISBN | : 1451955995 |
Using domestic and export price data and a framework of markup over cost, pricing behavior of U.S. and Japanese manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than American exporters, who tend to price to domestic cost. Japanese firms seem to price discriminate between domestic, and export markets. Other related issues, including nonlinearity in pass-through and sectoral differences in productivity, are also examined.
Author | : Jiawen Yang |
Publisher | : |
Total Pages | : 60 |
Release | : 1993 |
Genre | : |
ISBN | : |
Author | : Chiuping Chen |
Publisher | : |
Total Pages | : 126 |
Release | : 1995 |
Genre | : |
ISBN | : |
Author | : Richard C. Marston |
Publisher | : |
Total Pages | : 56 |
Release | : 1990 |
Genre | : Manufactures |
ISBN | : |
Relative price changes in Japanese and U.S. manufacturing are driven by two forces, productiviry growth which leads to secular changes in costs and exchange rate fluctuations which change relative prices between the two countries. In sectors where productivity growth is high, reductions in costs can neutralize exchange rate appreciations to keep prices competitive with those abroad, at least in the long run, But even in these sectors, exchange rate fluctuations are the dominant influence on relative competitiveness in the short run. Faced with swings in exchange rates, firms adopt defensive measures to defend their export markets. The paper presents estimates of "pricing to market" elasticities which suggest that firms lower their export prices in domestic currency relative to their domestic prices in order to limit the effects of currency appreciations. There is evidence that firms in both countries pursue such pricing strategies, but pricing to market is more extensive in Japan. In response to a appreciation of the yen, Japanese firms reduce their export prices in yen sharply so as to limit the pass-through of the appreciation into the dollar prices of their exports
Author | : K. Ohno |
Publisher | : |
Total Pages | : |
Release | : 1988 |
Genre | : |
ISBN | : |
Author | : Somkid Jatusripitak |
Publisher | : |
Total Pages | : 142 |
Release | : 1986 |
Genre | : Business & Economics |
ISBN | : |
Author | : Richard C. Marston |
Publisher | : |
Total Pages | : 56 |
Release | : 1989 |
Genre | : Exports |
ISBN | : |
This paper investigates pricing by Japanese manufacturing firms in export and domestic markets. The paper reports equations explaining the margin between export prices in yen and domestic prices for a wide range of final goods including many of the electronic and transport products which have figured so prominently in recent trade discussions. Evidence is presented showing that Japanese firms respond to changes in real exchange rates by "pricing to market", varying their export prices in yen relative to their domestic prices. The empirical specification makes it possible to disentangle planned changes in the margin between export and domestic prices from inadvertent changes in this margin due to unanticipated changes in exchange rates. The degree of pricing to market varies widely across products, but there is strong evidence that pricing to market occurs. The paper also investigates whether pricing to market has increased in scale in the period since 1985 when the yen began a sustained appreciation, but finds that only five of seventeen products experienced a shift in price behavior over that period.
Author | : Zdenek Drabek |
Publisher | : World Bank Publications |
Total Pages | : 27 |
Release | : 1989 |
Genre | : Exports |
ISBN | : |
The centrally planned economies sell exports of raw materials, food, and some manufacturing goods at world market prices. Most of their exports of manufactured goods are underpriced - mostly because they are inferior in quality.
Author | : Michael Olive |
Publisher | : Edward Elgar Publishing |
Total Pages | : 176 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : |
Looking at regularities that exist across countries and industries, Olive (economics, U. of New South Wales, Australia) estimates an industry pricing consideration that allows for some general statements about the influences of firm pricing and markup behavior over a range of manufacturing markets. With a sample including large, medium, and small economies, he reviews the structure--conduct--performance paradigm and its relationship to the new empirical industrial organization. Five themes r elated to models of pricing are then compared and lessons from the literature are discussed. Annotation copyrighted by Book News, Inc., Portland, OR