Further evidence on Orcutt's hypothesis using Korean-US commodity data
Mohsen Bahmani-Oskooee () and
Applied Economics Letters, 2015, vol. 22, issue 9, 717-724
Orcutt's hypothesis in international economics asserts that trade flows respond to exchange rate changes faster than to changes in relative prices. Previous research has provided mixed support by using trade flows of one country with the rest of the world, an aggregate concept. A second group of studies is now emerging which use prices and trade flows at commodity level. We add to this second group by using data from 10 Standard International Trade Classification single-digit industries that trade between Korea and the United States. The hypothesis was supported in small fraction of industries.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:22:y:2015:i:9:p:717-724
Ordering information: This journal article can be ordered from
Access Statistics for this article
Applied Economics Letters is currently edited by Anita Phillips
More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().