THE ROLE OF THE U.S. DOLLAR IN INTERNATIONAL TRADE

Jungho Baek, Kranti Mulik () and Won W. Koo

No 23482, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: This study examines the J-curve phenomenon for the U.S. agricultural trade and compares the effect on agricultural trade relative to U.S. non-agricultural trade. For this purpose, the autoregressive distributed lag (ARDL) model is adopted to estimate bilateral trade data between the United States and her three major trading partners -- Japan, Canada, and Mexico. We find little evidence of the J-curve for U.S. agricultural trade with Japan, Canada, and Mexico. For non-agricultural trade, on the other hand, the behavior of U.S. trade with industrialized economies such as Japan and Canada follows the J-curve, but not with developing economies such as Mexico.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 22
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:23482

DOI: 10.22004/ag.econ.23482

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