Is there J-curve effect in the US Service Trade? Evidence from asymmetric analysis
dc.authorid | Karamelikli, Huseyin/0000-0001-7622-0972 | |
dc.authorid | Bahmani-Oskooee, M/0000-0002-8242-7715 | |
dc.contributor.author | Bahmani-Oskooee, Mohsen | |
dc.contributor.author | Karamelikli, Huseyin | |
dc.date.accessioned | 2024-09-29T15:50:42Z | |
dc.date.available | 2024-09-29T15:50:42Z | |
dc.date.issued | 2023 | |
dc.department | Karabük Üniversitesi | en_US |
dc.description.abstract | The J-curve hypothesis asserts that a depreciation could worsen the trade balance in the short run but improves it in the long run. In testing the hypothesis, almost all previous studies used trade data in goods only. We add to this literature by considering the US trade in insurance and financial services with each of its nine trading partners. Using quarterly data over the period 2003Q1-2019Q4, when we estimated a linear model, we found limited support for the J-curve effect. However, when we estimated a nonlinear model to assess the possibility of asymmetric response of a service trade to exchange rate changes, we found much more support for the hypothesis. Precisely, we found support for the asymmetric J-curve in the US insurance (finance) trade with Australia, Belgium, France, and Korea (Australia, Germany) and asymmetric inverse J-curve in the US insurance (finance) trade with Germany, Italy, and United Kingdom (Belgium, Canada). | en_US |
dc.identifier.doi | 10.1002/ijfe.2624 | |
dc.identifier.endpage | 3875 | en_US |
dc.identifier.issn | 1076-9307 | |
dc.identifier.issn | 1099-1158 | |
dc.identifier.issue | 4 | en_US |
dc.identifier.scopus | 2-s2.0-85129208294 | en_US |
dc.identifier.scopusquality | Q2 | en_US |
dc.identifier.startpage | 3865 | en_US |
dc.identifier.uri | https://doi.org/10.1002/ijfe.2624 | |
dc.identifier.uri | https://hdl.handle.net/20.500.14619/3692 | |
dc.identifier.volume | 28 | en_US |
dc.identifier.wos | WOS:000789164600001 | en_US |
dc.identifier.wosquality | Q2 | en_US |
dc.indekslendigikaynak | Web of Science | en_US |
dc.indekslendigikaynak | Scopus | en_US |
dc.language.iso | en | en_US |
dc.publisher | Wiley | en_US |
dc.relation.ispartof | International Journal of Finance & Economics | en_US |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | asymmetric analysis | en_US |
dc.subject | nine partners | en_US |
dc.subject | service trade | en_US |
dc.subject | the J-curve effect | en_US |
dc.subject | the United States | en_US |
dc.title | Is there J-curve effect in the US Service Trade? Evidence from asymmetric analysis | en_US |
dc.type | Article | en_US |