Dynamic Persistence of Industry Trade Balances: How Pervasive Is the Product Cycle?

Joseph Gagnon and Andrew Rose

Oxford Economic Papers, 1995, vol. 47, issue 2, 229-48

Abstract: This paper looks for dynamic patterns in international trade flows using comprehensive multilateral data for six countries, disaggregated to the four-digit SITC level. The purpose of the paper is to compare predictions of persistent trade balances generated by theories of international trade, such as factor-proportions, with more dynamic theories such as the product cycle. Little evidence is found of dynamic trade behavior at the industry level between 1962 and 1990 for Brazil, Japan, South Korea, Turkey, the United Kingdom, and the United States. Rather, goods that begin the sample in surplus (deficit) almost always remain in surplus (deficit) throughout the sample. Copyright 1995 by Royal Economic Society.

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
http://links.jstor.org/sici?sici=0030-7653%2819950 ... 0.CO%3B2-G&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxecpp:v:47:y:1995:i:2:p:229-48

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Oxford Economic Papers is currently edited by James Forder and Francis J. Teal

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().