THE ROLE OF THE U.S. DOLLAR IN INTERNATIONAL TRADE

This study examines the J-curve phenomenon for the U.S. agricultural trade and compares the effect on agricultural trade relative to U.S. non-agricultural trade. For this purpose, the autoregressive distributed lag (ARDL) model is adopted to estimate bilateral trade data between the United States and her three major trading partners „Ÿ Japan, Canada, and Mexico. We find little evidence of the J-curve for U.S. agricultural trade with Japan, Canada, and Mexico. For non-agricultural trade, on the other hand, the behavior of U.S. trade with industrialized economies such as Japan and Canada follows the J-curve, but not with developing economies such as Mexico.


Issue Date:
2006
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/23482
Total Pages:
22
Series Statement:
Agribusiness & Applied Economics Report No. 585




 Record created 2017-04-01, last modified 2017-08-24

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