Is there J-curve effect in the US Service Trade? Evidence from asymmetric analysis

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dc.authoridKaramelikli, Huseyin/0000-0001-7622-0972
dc.authoridBahmani-Oskooee, M/0000-0002-8242-7715
dc.contributor.authorBahmani-Oskooee, Mohsen
dc.contributor.authorKaramelikli, Huseyin
dc.date.accessioned2024-09-29T15:50:42Z
dc.date.available2024-09-29T15:50:42Z
dc.date.issued2023
dc.departmentKarabük Üniversitesien_US
dc.description.abstractThe 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.doi10.1002/ijfe.2624
dc.identifier.endpage3875en_US
dc.identifier.issn1076-9307
dc.identifier.issn1099-1158
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85129208294en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage3865en_US
dc.identifier.urihttps://doi.org/10.1002/ijfe.2624
dc.identifier.urihttps://hdl.handle.net/20.500.14619/3692
dc.identifier.volume28en_US
dc.identifier.wosWOS:000789164600001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofInternational Journal of Finance & Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectasymmetric analysisen_US
dc.subjectnine partnersen_US
dc.subjectservice tradeen_US
dc.subjectthe J-curve effecten_US
dc.subjectthe United Statesen_US
dc.titleIs there J-curve effect in the US Service Trade? Evidence from asymmetric analysisen_US
dc.typeArticleen_US

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