A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES

The S-curve hypothesis postulates that the correlation coefficient between the current exchange rate and past trade balance values may be negative. However, the correlation between the current exchange rate and future values of the trade balance may be positive. Previous research using aggregate tra...

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Autores principales:	Bahmani-Oskooee,Mohsen, Xi,Dan
Lenguaje:	English
Publicado:	Pontificia Universidad Católica de Chile. Instituto de Economía. 2015
Materias:	S-curve industry data Brazil the United States
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332015000100004
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spelling	oai:scielo:S0719-043320150001000042015-09-22A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATESBahmani-Oskooee,MohsenXi,Dan S-curve industry data Brazil the United States The S-curve hypothesis postulates that the correlation coefficient between the current exchange rate and past trade balance values may be negative. However, the correlation between the current exchange rate and future values of the trade balance may be positive. Previous research using aggregate trade flows between Brazil and rest of the world find weak support for the curve. When we disaggregate Brazil's trade flows with the U.S. and investigate 95 industries that trade between the two countries, we find support for the S-curve in 51 industries. Small and large industries and durable and non-durable commodities are found to benefit from currency devaluation.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.52 n.1 20152015-05-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332015000100004en10.7764/LAJE.52.1.79
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	S-curve industry data Brazil the United States
spellingShingle	S-curve industry data Brazil the United States Bahmani-Oskooee,Mohsen Xi,Dan A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES
description	The S-curve hypothesis postulates that the correlation coefficient between the current exchange rate and past trade balance values may be negative. However, the correlation between the current exchange rate and future values of the trade balance may be positive. Previous research using aggregate trade flows between Brazil and rest of the world find weak support for the curve. When we disaggregate Brazil's trade flows with the U.S. and investigate 95 industries that trade between the two countries, we find support for the S-curve in 51 industries. Small and large industries and durable and non-durable commodities are found to benefit from currency devaluation.
author	Bahmani-Oskooee,Mohsen Xi,Dan
author_facet	Bahmani-Oskooee,Mohsen Xi,Dan
author_sort	Bahmani-Oskooee,Mohsen
title	A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES
title_short	A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES
title_full	A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES
title_fullStr	A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES
title_full_unstemmed	A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES
title_sort	note on the s-curve dynamics of commodity trade between brazil and the united states
publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate	2015
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332015000100004
work_keys_str_mv	AT bahmanioskooeemohsen anoteonthescurvedynamicsofcommoditytradebetweenbrazilandtheunitedstates AT xidan anoteonthescurvedynamicsofcommoditytradebetweenbrazilandtheunitedstates AT bahmanioskooeemohsen noteonthescurvedynamicsofcommoditytradebetweenbrazilandtheunitedstates AT xidan noteonthescurvedynamicsofcommoditytradebetweenbrazilandtheunitedstates
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A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES

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