THE DEMAND FOR IMPORTS AND EXPORTS IN JAPAN - A SURVEY

One of the more important issues in applied international economics is the extent to which trade flows adjust to changes in income, relative prices, and exchange rates. In this article, we survey the literature on the empirical estimation of the demand for imports and exports for Japan. More precisely, this article updates earlier surveys by Stern et al. (''Price Elasticities in international Trade,'' Basingstoke, Lo ndon, 1976) and Goldstein and Khan (in ''Handbook of International Eco nomics'' (P. B. Kenen and R. W. Jones, Eds.), North Holland, Amsterdam , 1985). J. Japan Int. Econ., June 1997, 11(2), pp. 247-259. Departmen t of Economics and International Business, Southern Station Box 5072, University of Southern Mississippi, Hattiesburg, Mississippi 39406-507 2; and Department of Economics and Finance, University of Texas at El Paso, El Paso, Texas 79968-0543. (C) 1997 Academic Press.