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1、本科毕业论文外文翻译外文题目：TermsoftradeandeconomicgrowthinJapanandKorea:anempiricalanalysis出处：EmpirEcon(2010)38:139–158作者：HockTsenWong原文：TermsoftradeandeconomicgrowthinJapanandKorea:anempiricalanalysis1.IntroductionTermsoftradeandtermsoftradevolatilityhaveacritical
2、impactoneconomicgrowth,particularlyduringworldepisodesofglobalintegrationordisintegrationwhenexportpricesconvergeordivergeworldwide,inducinglargetermsoftradechangesandeconomy-wideresponses.However,theirinfluenceisambiguous.Anincreaseintermsoftradecouldei
3、therleadtoanincreaseoradecreaseineconomicgrowth.Generally,anincreaseintermsoftradewillleadtoanincreaseininvestmentandthuseconomicgrowthwillincrease.Mendoza,BleaneyandGreenaway,andBlattmanetal.,amongstothers,reportapositiveimpactoftermsoftradeoneconomicg
4、rowth.Eicheretal.developaninter-temporalmodeltoexaminetheimpactofadecreaseintermsoftradeoncurrentaccountandoutput,withthefocusonadevelopingcountry.Themodelshowsthatadecreaseintermsoftradewillhaveanegativeeffectonincomeandwealth.Inthelongrun,adecreaseint
5、ermsoftradewillleadtoaproportionaldecreaseinthedebtlevelofaneconomywhilstoutput,capital,andborrowingwillnotchange.Thusachangeintermsoftradewillonlyaffecteconomicgrowthintheshortrunandnotinthelongrun.Ahightermsoftradevolatilitywillleadtothere-allocationo
6、fbothinputandoutputbecauseofaversiontorisk.Thiswillinvolvecostsandlosses,andthuseconomicgrowthwilldecrease.Thisisparticularlyimportantwherehedgemarketsareincomplete.Empiricalstudiesintotheimpactoftermsoftradeandtermsoftradevolatilityoneconomicgrowthared
7、ominatedbycross-countryresearch.Nonetheless,itisinterestingtoexaminetheimpactoftermsoftradeandtermsoftradevolatilityonaparticulareconomy.Thisstudyexaminestheimpactoftermsoftradeonrealgrossdomesticproduct(GDP)percapitainJapanandKoreausingtimeseriesdata.J
8、apanisarelativelylargeclosedeconomywhilstKoreaisarelativelysmallopeneconomy.Moreover,Japanhasachievedaloweconomicgrowthrateoverthepastfewdecades,whilstKoreahasachievedarelativelyhigheconomicgrowthrate.Thisstudythusprovidessomeevi
