Penkova, Emilia - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2005
The paper re-examines the validity of the hysteresis hypothesis by applying it to the UK import volume from the world's five largest economies: Germany, France, Italy, Japan and the USA, over the period 1975 to 1994. Disaggregated bilateral data (4- digit ISIC) are used and hysteresis is...