UK-China Trade and the J-Curve: Asymmetric Evidence from 68 Industries

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dc.authoridKaramelikli, Huseyin/0000-0001-7622-0972
dc.contributor.authorBahmani-Oskooee, Mohsen
dc.contributor.authorKaramelikli, Huseyin
dc.date.accessioned2024-09-29T16:02:51Z
dc.date.available2024-09-29T16:02:51Z
dc.date.issued2021
dc.departmentKarabük Üniversitesien_US
dc.description.abstractUsing monthly data over the period 2010M1-2018M12 we investigate the impact of the real yuna-pound rate on the trade balance of each of the 68 2-digit industries that trade between Britain and China. When a linear ARDL model was estimated, we found short-run symmetric effects in the trade balance of 45 industries that lasted into the long run only in 24 industries. Comparable numbers from the estimates of the nonlinear model were 64 and 39, respectively. The symmetric (asymmetric) J-curve effect received support in 17 (19) industries from the linear (nonlinear) model. Although the increase from the symmetric to asymmetric J-curve effect was not substantial, for the largest industry, i.e., industry coded 85 (Electrical machinery and equipment with 19.56% share of trade), while the symmetric J-curve was not supported, the asymmetric J-curve was. This highlights the significance of the nonlinear adjustment of the yuan-pound exchange rate.en_US
dc.identifier.doi10.1080/10971475.2020.1848470
dc.identifier.endpage216en_US
dc.identifier.issn1097-1475
dc.identifier.issn1558-0954
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-85096383610en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage195en_US
dc.identifier.urihttps://doi.org/10.1080/10971475.2020.1848470
dc.identifier.urihttps://hdl.handle.net/20.500.14619/5750
dc.identifier.volume54en_US
dc.identifier.wosWOS:000636432800004en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledge Journals, Taylor & Francis Ltden_US
dc.relation.ispartofChinese Economyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectThe U.K.en_US
dc.subjectChinaen_US
dc.subject68 industriesen_US
dc.subjectJ-curveen_US
dc.subjectasymmetry analysisen_US
dc.titleUK-China Trade and the J-Curve: Asymmetric Evidence from 68 Industriesen_US
dc.typeArticleen_US

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