The J-Curve: Evidence from East Asia

• 영문명: The J-Curve: Evidence from East Asia
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Anil K. Lal Thomas C. Lowinger
• 간행물 정보: 『Journal of Economic Integration』제17권 제2호, 397~415쪽, 전체 19쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2002.06.30

영문 초록

This paper examines the determinants of trade balances of seven East Asian countries, using cointegration technique, error correction model, and impulse response function. Among other things, our investigation confirms the existence of J-curve effect and the results show that there are significant differences in the duration and the extent of the J-curve effect across countries. Several explanations consistent with those findings are advanced in the paper, including differences in exchange rate and trade regimes across sample countries. It is likely that liberalization of an exchange rate regime coupled with liberalization of trade may act to dampen the J-curve effect.

목차

Ⅰ. Introduction

Ⅱ. Theoretical Aspects of the Relationship between Exchange Rate and the Trade Balance

Ⅲ. Specification of the Empirical Model

Ⅳ. Empirical Results

Ⅴ. Summary and Conclusion

키워드

trade economic development