Export price behavior of Taiwanese manufactured goods: Theory and evidence
Doctor of Philosophy
The dissertation develops and solves one static and two dynamic pass-through models to investigate the relative importance of exchange rate appreciation and labor cost increases on export good prices. It is shown that the degree of the pass-through depends on market conditions as well as the strength of dynamic factors. Data from 1981 through 1988 on U.S. imports of eight Taiwanese commodities are used to estimate the implications of the models.