The J-curve effect and US agricultural and industrial trade
This paper examines the J-curve hypothesis for US agricultural and manufactured goods, using the Shiller lag model. The results support the J-curve effect for agricultural goods, but not for manufactured goods. These findings explain why many studies in the literature fail to support the J-curve phenomenon. There are two explanations for these findings: (1) the aggregation bias of data that combine both agricultural and manufactured goods and (2) the country under study is often an industrial nation like the US or Japan with a high proportion of manufactured goods in both exports and imports.
Year of publication: |
1999
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Authors: | Doroodian, Khosrow ; Jung, Chulho ; Boyd, Roy |
Published in: |
Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 31.1999, 6, p. 687-695
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Publisher: |
Taylor & Francis Journals |
Saved in:
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