Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/14705
Title: | Does a J-curve exist for Korea and Taiwan? |
Authors: | Hsing, Han Min Savvides, Andreas |
metadata.dc.contributor.other: | Σαββίδης, Αντρέας |
Major Field of Science: | Social Sciences |
Field Category: | Economics and Business |
Keywords: | J-curve;Korea;Taiwan;Trade balance |
Issue Date: | Apr-1996 |
Source: | Open Economies Review, 1996, vol. 7, no. 2, pp. 127-145 |
Volume: | 7 |
Issue: | 2 |
Start page: | 127 |
End page: | 145 |
Journal: | Open Economies Review |
Abstract: | This article examines whether the trade balance of two dynamic export-oriented economies, Korea and Taiwan, exhibits a J-curve effect. The article studies both their bilateral and aggregate trade balance during the flexible exchange-rate era. When the exchange-rate coefficients are unconstrained, we demonstrate that no J-curve effect exists either for bilateral or aggregate trade balances. Several robustness checks confirm the validity of our findings. When a polynomial-distributed lag structure is imposed on exchange-rate coefficients, a J-curve is evident in some cases. The article discusses possible explanations for the general lack of evidence in favor of a J-curve, including the response of a small country's trade balance to exchange-rate changes. |
URI: | https://hdl.handle.net/20.500.14279/14705 |
ISSN: | 09237992 |
DOI: | 10.1007/BF01891900 |
Rights: | © Springer Nature |
Type: | Article |
Affiliation : | National Ping Tung Institute of Commerce Oklahoma State University |
Publication Type: | Peer Reviewed |
Appears in Collections: | Άρθρα/Articles |
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