Significant differences exist between official Chinese and U.S. trade statistics on the magnitudes of the China-U.S. trade balance in goods as well as in goods and services. These differences arise from a number of factors. First, the convention that exports of goods are measured on an FOB (free...

This paper investigates the macro-determinants of Korea's persistent bilateral trade deficit with Japan but her trade surplus with the US using Johansen's cointegration-error correction model, which includes bilateral trade balance and real exchange rate, domestic and foreign incomes and...