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How Pervasive is the Product Cycle? The Empirical Dynamics of American and Japanese Trade Flows

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  • Joseph E. Gagnon
  • Andrew K. Rose

Abstract

This paper looks for dynamic patterns in international trade flows using comprehensive multilateral American and Japanese data disaggregated to the four-digit SITC level. Little evidence is found of product-cycle dynamics between 1962 and 1988. Rather, goods that begin the sample in surplus (deficit) almost always remain in surplus (deficit) throughout the sample.

Suggested Citation

  • Joseph E. Gagnon & Andrew K. Rose, 1992. "How Pervasive is the Product Cycle? The Empirical Dynamics of American and Japanese Trade Flows," NBER Working Papers 3946, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:3946
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    Cited by:

    1. Mika Saito, 2000. "The Empirical Investigation of The Kemp-Jones Model: The Case of OECD Countries," Econometric Society World Congress 2000 Contributed Papers 1159, Econometric Society.
    2. Breuer, Janice Boucher & Clements, Leianne A., 2003. "The commodity composition of US-Japanese trade and the yen/dollar real exchange rate," Japan and the World Economy, Elsevier, vol. 15(3), pages 307-330, August.

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