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capital equipment capital goods exports commodity classification competitors composition of world consumer durable consumer goods equation consumer goods imports Consumer nondurables cost competitiveness data definitions decade exchange rate changes export unit values exports of consumer fixed investment H-statistic hysteresis import demand import value divided import volume increased industrial production industrial supplies integrated circuits iron and steel Japan Japanese exports Japanese producers Lagged dependent variable large exchange rate manufactured imports Newly industrializing economies non-oil imports nonmanufactured imports nonprice factors overseas direct investment parameter stability past trends percent of total period predict Province of China ratio in manufacturing real domestic demand real import penetration real market share reflected Relative export Relative prices second half Staff estimates Table Taiwan Province Test for parameter Textiles total domestic demand total exports U.S. dollars unit labor costs unit values divided volume was defined voluntary export restraints weighted average wholesale price index world demand yen appreciation