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Estimation of the J-curve in China
|Title:||Estimation of the J-curve in China|
|LC Subject Headings:||Foreign exchange market - China - Econometric models|
Foreign exchange - China - Econometric models
|Publisher:||Honolulu: East-West Center|
|Series:||East-West Center working papers. Economics series ; no. 67|
|Abstract:||This paper investigates whether a J-curve can be detected in the time series data on China's bilateral trade with the G-7 countries. It utilizes cointegration and causality tests to ascertain the long-run relatedness, and the short-run dynamics, between the real exchange rate, national income, and the trade balance. There is some evidence that a real depreciation eventually improves the trade balance with some countries. But there is no indication of a negative short-run response which characterizes the J-curve.|
|Description:||For more about the East-West Center, see http://www.eastwestcenter.org/|
|Appears in Collections:||
Economics [Working Papers]|
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