外文翻译--贸易及经济增长在日本和韩国的实证分析

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1、外文翻译--贸易及经济增长在日本和韩国的实证分析本科毕业论文外文翻译外文题目TermsoftradeandeconomicgrowthinJapanandKoreaanempiricalanalysis出处EmpirEcon201038139–158作者HockTsenWong原文TermsoftradeandeconomicgrowthinJapanandKoreaanempiricalanalysis1IntroductionTermsoftradeandtermsoftradevolatilityhav

2、eacriticalimpactoneconomicgrowthparticularlyduringworldepisodesofglobalintegrationordisintegrationwhenexportpricesconvergeordivergeworldwideinducinglargetermsoftradechangesandeconomy-wideresponsesHowevertheirinuenceisambiguousAnincreaseintermsoftradecouldei

3、therleadtoanincreaseoradecreaseineconomicgrowthGenerallyanincreaseintermsoftradewillleadtoanincreaseininvestmentandthuseconomicgrowthwillincreaseMendozaBleaneyandGreenawayandBlattmanetalamongstothersreportapositiveimpactoftermsoftradeoneconomicgrowthEichere

4、taldevelopaninter-temporalmodeltoexaminetheimpactofadecreaseintermsoftradeoncurrentaccountandoutputwiththefocusonadevelopingcountryThemodelshowsthatadecreaseintermsoftradewillhaveanegativeeffectonincomeandwealthInthelongrunadecreaseintermsoftradewillleadtoa

5、proportionaldecreaseinthedebtlevelofaneconomywhilstoutputcapitalandborrowingwillnotchangeThusachangeintermsoftradewillonlyaffecteconomicgrowthintheshortrunandnotinthelongrunAhightermsoftradevolatilitywillleadtothere-allocationofbothinputandoutputbecauseofav

6、ersiontoriskThiswillinvolvecostsandlossesandthuseconomicgrowthwilldecreaseThisisparticularlyimportantwherehedgemarketsareincompleteEmpiricalstudiesintotheimpactoftermsoftradeandtermsoftradevolatilityoneconomicgrowtharedominatedbycross-countryresearchNonethe

7、lessitisinterestingtoexaminetheimpactoftermsoftradeandtermsoftradevolatilityonaparticulareconomyThisstudyexaminestheimpactoftermsoftradeonrealgrossdomesticproductGDPpercapitainJapanandKoreausingtimeseriesdataJapanisarelativelylargeclosedeconomywhilstKoreais

8、arelativelysmallopeneconomyMoreoverJapanhasachievedaloweconomicgrowthrateoverthepastfewdecadeswhilstKoreahasachievedarelativelyhigheconomicgrowthrateThisstudythusprovidessomeevidenceofwhethertermsoftra