貿(mào)易及經(jīng)濟(jì)增長(zhǎng)在日本和韓國(guó)的實(shí)證分析【外文翻譯】

1、本科本科畢業(yè)論畢業(yè)論文外文翻文外文翻譯外文外文題目：目：TermsoftradeeconomicgrowthinJapanKea:anempiricalanalysis出處：EmpirEcon(2010)38:139–158作者：者：HockTsenWong原文：文：TermsoftradeeconomicgrowthinJapanKea:anempiricalanalysis1.IntroductionTermsoftradeterm

2、softradevolatilityhaveacriticalimpactoneconomicgrowthparticularlyduringwldepisodesofglobalintegrationdisintegrationwhenexptpricesconvergedivergewldwideinducinglargetermsoftradechangeseconomywideresponses.Howevertheirinfl

3、uenceisambiguous.Anincreaseintermsoftradecouldeitherleadtoanincreaseadecreaseineconomicgrowth.Generallyanincreaseintermsoftradewillleadtoanincreaseininvestmentthuseconomicgrowthwillincrease.MendozaBleaneyGreenawayBlattma

4、netal.amongstothersreptapositiveimpactoftermsoftradeoneconomicgrowth.Eicheretal.developanintertempalmodeltoexaminetheimpactofadecreaseintermsoftradeoncurrentaccountoutputwiththefocusonadevelopingcountry.Themodelshowsthat

5、adecreaseintermsoftradewillhaveanegativeeffectonincomewealth.Inthelongrunadecreaseintermsoftradewillleadtoaproptionaldecreaseinthedebtlevelofaneconomywhilstoutputcapitalbrowingwillnotchange.Thusachangeintermsoftradewillo

6、nlyaffecteconomicgrowthintheshtrunnotinthelongrun.Ahightermsoftradevolatilitywillleadtothereallocationofbothinputoutputbecauseofaversiontorisk.Thiswillinvolvecostslossesthuseconomicgrowthwilldecrease.Thisisparticularlyim

7、ptantwherehedgemarketsareincomplete.Empiricalstudiesintotheimpactoftermsoftradetermsoftradevolatilityoneconomicgrowtharedominatedbycrosscountryresearch.Nohelessitisinterestingtofoundtobeslowerincountrieswithhighertermsof

8、tradevolatility.BleaneyGreenawayexaminetheimpactoftermsoftradeoneconomicgrowthin14subSaharanAfricancountriesusingcrosssectionaldataftheperiod1980–1995.Theyfindthatanincreaseintermsoftradewillleadtoanincreaseineconomicgro

9、wth.HadassWilliamsonexaminetherelationshipbetweentermsoftradeeconomicgrowthusingcrosssectionaldataftheperiod1870–1940.Theyfindthatalthoughtermsoftrademovementfavoursprimaryproductexptersitreducestheireconomicgrowth.Meove

10、rthereisstrongevidenceofasymmetryineconomicgrowthbetweenthecetheperiphery.Generallytheimpactoftermsoftradeoneconomicgrowthisverysmallfboththecetheperiphery.Intheprewarperiodchangesintermsoftradeexplainedlessthanonefiftho

11、feconomicgrowthwhichisexpressedbytheGDPpercapitagrowthrate.NohelessthestudycoversfewofthedevelopingcountriesthatremainedpouptoWldWarII.OntheotherhBlattmanetal.analysemethanhalfacenturyofpreWldWarIIdata1870–1938f35countri

12、es.Theyfindthattermsoftradehaveasignificantimpactoneconomicgrowth.Meovertheimpactoftermsoftradeisgreaterontheperipherythaninthece.Adeclineintermsoftradeexperiencedbytheperipheryrepresentedasignificantdragoneconomicgrowth

13、duringthosesevendecades.Furthermethereisasymmetrybetweenthecetheperiphery.Termsoftradetermsoftradevolatilityseemtohaveplayedlittleroleinthecedespitethefactthattermsoftradevolatilitywerealmostashighintheceasontheperiphery

14、.5Howevertermsoftradeappeartohaveplayedanimptantroleinexplainingtheeconomicgrowthoftheperiphery.Thececouldescapethedamagingconsequencesoftermsoftradeinstabilityanescapethatwasapparentlyunavailabletoprimaryproductexpterso

15、ftheperiphery.Blattmanetal.employapaneldataanalysisf35countriesftheperiod1870–1939.Theyreptthesameconclusionstheyobtainedearlier.Theyfindthattermsoftradesecularchangelongrunchangehaveasignificantimpactoneconomicgrowth.6T

16、heimpactoftermsoftradesecularchangeismeimptantontheperipherythaninthece.Nohelesstermsoftradesecularchangeislessimptantthantermsoftradevolatilityfeconomicgrowth.Theimpactoftermsoftradediffersbetweenthecetheperiphery.Turno