Is There a J-Curve Effect in the Korean Service Trade?

被引：0
|
作者：
Bahmani-Oskooee, Mohsen [1 ]
Baek, Jungho [2 ]
机构：
[1] Univ Wisconsin Milwaukee, Dept Econ, Milwaukee, WI USA
[2] Univ Alaska Fairbanks, Coll Business & Secur Management, Dept Econ, Fairbanks, AK USA
来源：
INTERNATIONAL TRADE JOURNAL | 2024年
关键词：
10 service industries; asymmetric J-curve; asymmetry cointegration; Korea; EXCHANGE-RATE CHANGES; BALANCE EVIDENCE; BILATERAL TRADE; COINTEGRATION; MALAYSIA; CHINA;
D O I：
10.1080/08853908.2024.2379350
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this article, we test the asymmetric J-curve hypothesis using data from 10 Korean service industries. When we tested for a symmetric J-curve using the linear autoregressive distributed lag (ARDL) approach, we found support for the J-curve in one industry and the inverse J-curve in two industries. However, when we tested the asymmetric J-curve using the nonlinear ARDL approach, we found support for the asymmetric J-curve in four industries and the asymmetric inverse J-curve in four more industries. The increase from three to eight cases is attributed to the nonlinear adjustment of the real effective exchange rate of the won.
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页数：13
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