Bahmani-Oskooee, Mohsen; Ratha, Artatrana - In: Applied Economics 36 (2004) 13, pp. 1377-1398
Due to lag structure, currency devaluation is said to worsen the trade balance first and improve it later resulting in a pattern that resemble the letter J, hence the J-Curve phenomenon. Since its introduction by Magee in 1973 (Brooking Papers on Economic Activity, 1, pp. 303-25), a large number...