Does Trade Elasticity Vary Across Regimes? New Evidence from Korean Exports, Incorporating Regime Changes
Author
Abstract
Suggested Citation
DOI: 10.1111/asej.12223
Download full text from publisher
References listed on IDEAS
- Alvaro Escribano & Santiago Mira, 2002.
"Nonlinear error correction models,"
Journal of Time Series Analysis, Wiley Blackwell, vol. 23(5), pages 509-522, September.
- Mira, Santiago, 1997. "Nonlinear error correction models," DES - Working Papers. Statistics and Econometrics. WS 6206, Universidad Carlos III de Madrid. Departamento de EstadÃstica.
- Alvaro Escribano & Santiago Mira, 2001. "Nonlinear error correction models," Documentos de trabajo conjunto ULL-ULPGC 2001-03, Facultad de Ciencias Económicas de la ULPGC.
- Borin, Alessandro & Di Nino, Virginia & Mancini, Michele & Sbracia, Massimo, 2016.
"The Cyclicality of the Income Elasticity of Trade,"
MPRA Paper
73000, University Library of Munich, Germany.
- Alessandro Borin & Virginia Di Nino & Michele Mancini & Massimo Sbracia, 2017. "The cyclicality of the income elasticity of trade," Temi di discussione (Economic working papers) 1126, Bank of Italy, Economic Research and International Relations Area.
- Terasvirta, T & Anderson, H M, 1992. "Characterizing Nonlinearities in Business Cycles Using Smooth Transition Autoregressive Models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(S), pages 119-136, Suppl. De.
- Cristina Constantinescu & Aaditya Mattoo & Michele Ruta, 2020.
"The Global Trade Slowdown: Cyclical or Structural?,"
The World Bank Economic Review, World Bank, vol. 34(1), pages 121-142.
- Constantinescu,Ileana Cristina & Mattoo,Aaditya & Ruta,Michele & Constantinescu,Ileana Cristina & Mattoo,Aaditya & Ruta,Michele, 2015. "The global trade slowdown: cyclical or structural ?," Policy Research Working Paper Series 7158, The World Bank.
- Cristina Constantinescu & Aaditya Mattoo & Michèle Ruta, 2015. "The Global Trade Slowdown: Cyclical or Structural?," IMF Working Papers 2015/006, International Monetary Fund.
- Wooldridge, Jeffrey M. & White, Halbert, 1988. "Some Invariance Principles and Central Limit Theorems for Dependent Heterogeneous Processes," Econometric Theory, Cambridge University Press, vol. 4(2), pages 210-230, August.
- Bo†Young Choi & Ju Hyun Pyun, 2018. "Does real exchange rate depreciation increase productivity? Analysis using Korean firm†level data," The World Economy, Wiley Blackwell, vol. 41(2), pages 604-633, February.
- Escaith, Hubert & Lindenberg, Nannette & Miroudot, Sébastien, 2010.
"International Supply Chains and Trade Elasticity in Times of Global Crisis,"
MPRA Paper
20478, University Library of Munich, Germany.
- Escaith, Hubert & Lindenberg, Nannette & Miroudot, Sébastien, 2010. "International supply chains and trade elasticity in times of global crisis," WTO Staff Working Papers ERSD-2010-08, World Trade Organization (WTO), Economic Research and Statistics Division.
- De Bondt, Werner F M & Thaler, Richard, 1985. "Does the Stock Market Overreact?," Journal of Finance, American Finance Association, vol. 40(3), pages 793-805, July.
- Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501.
- Matthieu Bussière & Giovanni Callegari & Fabio Ghironi & Giulia Sestieri & Norihiko Yamano, 2013.
"Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-2009,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 5(3), pages 118-151, July.
- Matthieu Bussière & Giovanni Callegari & Fabio Ghironi & Giulia Sestieri & Norihiko Yamano, 2011. "Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09," NBER Working Papers 17712, National Bureau of Economic Research, Inc.
- Choi, Hyelin & Kim, Hyo Sang, 2018. "Exchange Rates and Firm Exports: The Role of Foreign Ownership and Subsidiaries," Working Papers 18-3, Korea Institute for International Economic Policy.
- Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-125, May.
- Granger, C W J & Swanson, Norman, 1996. "Future Developments in the Study of Cointegrated Variables," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 58(3), pages 537-553, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sei-Wan Kim & Moon Jung Choi, 2018. "Do Korean Exports Have Different Patterns over Different Regimes?: New Evidence from STAR-VECM," Working Papers 2018-30, Economic Research Institute, Bank of Korea.
- Sei‐Wan Kim & Moon Jung Choi & Young‐Min Kim, 2019. "Does Intra‐regional Trade Matter in Regional Stock Markets? New Evidence from the Asia‐Pacific Region," Asian Economic Journal, East Asian Economic Association, vol. 33(3), pages 253-280, September.
- Sasaki, Yuri & Yoshida, Yushi, 2018.
"Decomposition of Japan's trade balance,"
International Review of Economics & Finance, Elsevier, vol. 56(C), pages 507-537.
- SASAKI Yuri & YOSHIDA Yushi, 2017. "Factor Decomposition of Japan's Trade Balance," Discussion papers 17042, Research Institute of Economy, Trade and Industry (RIETI).
- Borin, Alessandro & Di Nino, Virginia & Mancini, Michele & Sbracia, Massimo, 2016.
"The Cyclicality of the Income Elasticity of Trade,"
MPRA Paper
73000, University Library of Munich, Germany.
- Alessandro Borin & Virginia Di Nino & Michele Mancini & Massimo Sbracia, 2017. "The cyclicality of the income elasticity of trade," Temi di discussione (Economic working papers) 1126, Bank of Italy, Economic Research and International Relations Area.
- Bernardina Algieri, 2014. "Drivers of Export Demand: A Focus on the GIIPS Countries," The World Economy, Wiley Blackwell, vol. 37(10), pages 1454-1482, October.
- Simola, Heli, 2021. "Trade collapse during the covid-19 crisis and the role of demand composition," BOFIT Discussion Papers 12/2021, Bank of Finland, Institute for Economies in Transition.
- Bornali Bhandari, 2013. "Cross-Price Effects and US Trade Elasticities," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 7(3), pages 273-313, August.
- Jaime Martínez-Martín, 2016.
"Breaking down world trade elasticities: a panel ECM approach,"
Working Papers
1614, Banco de España.
- Jaime Martinez-Martin, 2016. "Breaking down world trade elasticities: a panel ECM approach," Globalization Institute Working Papers 275, Federal Reserve Bank of Dallas.
- Jouchi Nakajima & Kosuke Takatomi & Tomoko Mori & Shinsuke Ohyama, 2016. "Slow Trade: Structural and Cyclical Factors in Global Trade Slowdown," Bank of Japan Research Papers 16-12-22, Bank of Japan.
- Simola, Heli, 2021. "The impact of Covid-19 on global value chains," BOFIT Policy Briefs 2/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
- Sanjay Kalra, 2016. "6½ Decades of Global Trade and Income: “New Normal” or “Back to Normal” after GTC and GFC?," IMF Working Papers 2016/139, International Monetary Fund.
- repec:zbw:bofitp:2021_012 is not listed on IDEAS
- Milas Costas & Legrenzi Gabriella, 2006.
"Non-linear Real Exchange Rate Effects in the UK Labour Market,"
Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 10(1), pages 1-34, March.
- Gabriella Legrenzi & Costas Milas, 2004. "Non-linear real exchange rate effects in the UK labour market," International Finance 0411007, University Library of Munich, Germany.
- Gabriella Legrenzi & Costas Milas, 2005. "Non-linear real exchange rate effects in the UK labour market," Keele Economics Research Papers KERP 2005/08, Centre for Economic Research, Keele University.
- Gabriella Legrenzi & Costas Milas, 2005. "Non-linear real exchange rate effects in the UK labour market," Macroeconomics 0507019, University Library of Munich, Germany.
- Sokbae Lee & Myung Hwan Seo & Youngki Shin, 2017.
"Correction,"
Journal of the American Statistical Association, Taylor & Francis Journals, vol. 112(518), pages 883-883, April.
- Hwan Seo, Myung, 2011. "Estimation Of Nonlinear Error Correction Models," Econometric Theory, Cambridge University Press, vol. 27(2), pages 201-234, April.
- Youngki Shin, 2009. "Length-bias Correction in Transformation Models with Supplementary Data," Econometric Reviews, Taylor & Francis Journals, vol. 28(6), pages 658-681.
- Seo, Myunghwan, 2006. "Bootstrap testing for the null of no cointegration in a threshold vector error correction model," Journal of Econometrics, Elsevier, vol. 134(1), pages 129-150, September.
- Myung Hwan Seo, 2007. "Estimation of Nonlinear Error CorrectionModels," STICERD - Econometrics Paper Series 517, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Seo, Myung Hwan, 2007. "Estimation of nonlinear error correction models," LSE Research Online Documents on Economics 6802, London School of Economics and Political Science, LSE Library.
- David G. McMillan, 2003. "Non‐linear Predictability of UK Stock Market Returns," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(5), pages 557-573, December.
- Arne J. Nagengast & Robert Stehrer, 2016.
"The Great Collapse in Value Added Trade,"
Review of International Economics, Wiley Blackwell, vol. 24(2), pages 392-421, May.
- Nagengast, Arne J. & Stehrer, Robert, 2015. "The great collapse in value added trade," Discussion Papers 47/2015, Deutsche Bundesbank.
- Arne J. Nagengast & Robert Stehrer, 2015. "The Great Collapse in Value Added Trade," wiiw Working Papers 112, The Vienna Institute for International Economic Studies, wiiw.
- Stehrer, Robert & Nagengast, Arne J., 2015. "The great collapse in value added trade," Working Paper Series 1833, European Central Bank.
- Narayan, Paresh Kumar & Narayan, Seema, 2005. "Estimating income and price elasticities of imports for Fiji in a cointegration framework," Economic Modelling, Elsevier, vol. 22(3), pages 423-438, May.
- Alia Afzal & Philipp Sibbertsen, 2021. "Modeling fractional cointegration between high and low stock prices in Asian countries," Empirical Economics, Springer, vol. 60(2), pages 661-682, February.
- Mayer, Thierry & Steingress, Walter, 2020.
"Estimating the effect of exchange rate changes on total exports,"
Journal of International Money and Finance, Elsevier, vol. 106(C).
- Thierry Mayer & Walter Steingress, 2019. "Estimating the Effect of Exchange Rate Changes on Total Exports," SciencePo Working papers Main hal-03393090, HAL.
- Thierry Mayer & Walter Steingress, 2019. "Estimating the Effect of Exchange Rate Changes on Total Exports," Staff Working Papers 19-17, Bank of Canada.
- Thierry Mayer & Walter Steingress, 2020. "Estimating the Effect of Exchange Rate Changes on Total Exports," Post-Print hal-03948118, HAL.
- Thierry Mayer & Walter Steingress, 2019. "Estimating the effect of exchange rate changes on total exports," BIS Working Papers 786, Bank for International Settlements.
- Thierry Mayer & Walter Steingress, 2019. "Estimating the Effect of Exchange Rate Changes on Total Exports," Working Papers hal-03393090, HAL.
- Thierry Mayer & Walter Steingress, 2020. "Estimating the Effect of Exchange Rate Changes on Total Exports," SciencePo Working papers Main hal-03948118, HAL.
- Carriero, Andrea & Giacomini, Raffaella, 2011.
"How useful are no-arbitrage restrictions for forecasting the term structure of interest rates?,"
Journal of Econometrics, Elsevier, vol. 164(1), pages 21-34, September.
- Andrea Carriero & Raffaella Giacomini, 2011. "How useful are no-arbitrage restrictions for forecasting the term structure of interest rates?," Post-Print hal-00844809, HAL.
- Zhou, Xinquan & Bagnarosa, Guillaume & Gohin, Alexandre & Pennings, Joost M.E. & Debie, Philippe, 2023. "Microstructure and high-frequency price discovery in the soybean complex," Journal of Commodity Markets, Elsevier, vol. 30(C).
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:asiaec:v:34:y:2020:i:4:p:379-403. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/eaeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.