The J-curve Revisited: An Empirical Analysis for Canada

Autor:	George J. Georgopoulos
Rok vydání:	2008
Předmět:	Macroeconomics Exchange rate Cointegration Econometrics Economics Balance of trade Exchange-rate pass-through J curve Robustness (economics) General Economics Econometrics and Finance Impulse response Public finance
Zdroj:	Atlantic Economic Journal. 36:315-332
ISSN:	1573-9678 0197-4254
DOI:	10.1007/s11293-008-9124-z
Popis:	This paper examines exchange rate and trade data to determine whether J-curve effects have occurred for Canada in recent history. With a unique set of data on import and export volumes, the response of the trade balance and its components to exchange rate changes are determined empirically over 1981:1–2005:12 through impulse response functions. The responses have taken into account dominant long-run feedback effects, where the long-run parameters have been estimated by the Johansen cointegration technique. The results show the J-curve phenomenon does not exist for Canada. Robustness checks show the results do not change when looking at the responses over the pre-NAFTA and NAFTA periods.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::61edd749f02451ccc943b172f9a22b44 https://doi.org/10.1007/s11293-008-9124-z Zobrazit plný text záznamu Plný text ve formátu PDF