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Exchange rate sensitivity of US bilateral trade flows

Listed author(s):
  • Bahmani-Oskooee, Mohsen
  • Ratha, Artatrana

The traditional way of assessing the impact of currency depreciation on the trade balance has been to estimate the elasticity of trade volume to relative prices. To this end, most previous studies used aggregate trade data. To avoid aggregation biases potentially hidden in aggregate data, recent studies have relied on bilateral trade data. Since import and export price data is not available on bilateral level, this study proposes an alternative way of assessing the impact of currency depreciation on bilateral trade flows. The models are applied between the US and her 19 industrial trading partners using recent advances in time-series modeling.

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File URL: http://www.sciencedirect.com/science/article/pii/S0939-3625(08)00004-6
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Article provided by Elsevier in its journal Economic Systems.

Volume (Year): 32 (2008)
Issue (Month): 2 (June)
Pages: 129-141

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Handle: RePEc:eee:ecosys:v:32:y:2008:i:2:p:129-141
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  1. repec:eme:jespps:v:32:y:2005:i:5:p:455-467 is not listed on IDEAS
  2. repec:eme:jespps:v:32:y:2005:i:2:p:158-168 is not listed on IDEAS
  3. repec:eme:jespps:v:27:y:2000:i:3:p:182-199 is not listed on IDEAS
  4. Jonathan Eaton & Akilo Tamura, 1994. "Bilateralism and Regionalism in Japanese and U.S. Trade and Direct Foreign Investment Patterns," Boston University - Institute for Economic Development 48, Boston University, Institute for Economic Development.
  5. repec:eme:jespps:v:28:y:2001:i:6:p:378-396 is not listed on IDEAS
  6. Mohsen Bahmani-Oskooee & Artatrana Ratha, 2004. "The J-Curve: a literature review," Applied Economics, Taylor & Francis Journals, vol. 36(13), pages 1377-1398.
  7. Nadenichek, Jon, 2000. "The Japan-US trade imbalance: a real business cycle perspective," Japan and the World Economy, Elsevier, vol. 12(3), pages 255-271, September.
  8. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
  9. repec:eme:jespps:v:21:y:1994:i:1:p:16-40 is not listed on IDEAS
  10. Irandoust, Manuchehr & Ekblad, Kristin & Parmler, Johan, 2006. "Bilateral trade flows and exchange rate sensitivity: Evidence from likelihood-based panel cointegration," Economic Systems, Elsevier, vol. 30(2), pages 170-183, June.
  11. Cushman, David O., 1987. "U.S. bilateral trade balances and the dollar," Economics Letters, Elsevier, vol. 24(4), pages 363-367.
  12. Bahmani-Oskooee, Mohsen & Goswami, Gour Gobinda, 2004. "Exchange rate sensitivity of Japan's bilateral trade flows," Japan and the World Economy, Elsevier, vol. 16(1), pages 1-15, January.
  13. repec:eme:jespps:v:32:y:2005:i:2:p:146-157 is not listed on IDEAS
  14. Marquez, Jaime, 1990. "Bilateral Trade Elasticities," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 70-77, February.
  15. Bahmani-Oskooee, Mohsen & Niroomand, Farhang, 1998. "Long-run price elasticities and the Marshall-Lerner condition revisited," Economics Letters, Elsevier, vol. 61(1), pages 101-109, October.
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