The impacts of exchange rate on US adjusted bilateral trade balance with Germany under Brexit: A comparative analysis

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dc.authoridOngan, Serdar/0000-0001-9695-3188
dc.contributor.authorOngan, Serdar
dc.contributor.authorGocer, Ismet
dc.contributor.authorKaramelikli, Huseyin
dc.date.accessioned2024-09-29T16:04:41Z
dc.date.available2024-09-29T16:04:41Z
dc.date.issued2024
dc.departmentKarabük Üniversitesien_US
dc.description.abstractThis study reveals the hidden dynamics of USA-Germany international trade through a revised J-curve hypothesis. It emphasizes the inadequacy of the traditional Bilateral Trade Balance (BTB) ratio based on total exports. To this aim, it introduces two new testing approaches based on adjusted BTB: the GDP-driven-BTB-based J-curve hypothesis (GDPJ) and the Non-GDP-driven-BTB-based J-curve hypothesis (NGDPJ). The empirical findings advocate the necessity of these alternative tests, offering policymakers more informative results than the traditional approach. GDPJ is validated for 13 goods, while NGDPJ and traditional methods are validated for 10 and 8 goods. These results underscore the risks of solely relying on the traditional approach. By embracing the revised J-curve hypothesis and alternative BTBs, policymakers can gain deeper insights into the USA-Germany trade relationship. One interpretation is that, under Brexit, German consumers reduce their purchases of re-exported goods more than domestically produced goods from the US.en_US
dc.identifier.doi10.1111/manc.12494
dc.identifier.issn1463-6786
dc.identifier.issn1467-9957
dc.identifier.scopus2-s2.0-85195676446en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.urihttps://doi.org/10.1111/manc.12494
dc.identifier.urihttps://hdl.handle.net/20.500.14619/6266
dc.identifier.wosWOS:001244214900001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofManchester Schoolen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectasymmetric J-curveen_US
dc.subjectGDP-driven J-curve hypothesis testingen_US
dc.subjectnonlinear ARDLen_US
dc.titleThe impacts of exchange rate on US adjusted bilateral trade balance with Germany under Brexit: A comparative analysisen_US
dc.typeArticleen_US

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