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Is There A J-Curve? A New Estimation for Japan

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  • Gupta-Kapoor Anju
  • Ramakrishnan Uma

Abstract

The controversial J-curve phenomenon is empirically tested using quarterly data for Japan between 1975:1 and 1996:4. The effects of an appreciation of yen on the ratio of imports to exports (M/X) is analyzed using an error correction model. The impulse response function indicates that the J-curve holds for Japan during the flexible exchange rate regime. [F31, F32, F40]

Suggested Citation

  • Gupta-Kapoor Anju & Ramakrishnan Uma, 1999. "Is There A J-Curve? A New Estimation for Japan," International Economic Journal, Taylor & Francis Journals, vol. 13(4), pages 71-79.
    • Handle: RePEc:taf:intecj:v:13:y:1999:i:4:p:71-79
    DOI: 10.1080/10168739900000045
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    References listed on IDEAS

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    1. Rose, Andrew K. & Yellen, Janet L., 1989. "Is there a J-curve?," Journal of Monetary Economics, Elsevier, vol. 24(1), pages 53-68, July.
    2. Rose, Andrew K., 1991. "The role of exchange rates in a popular model of international trade : Does the 'Marshall-Lerner' condition hold?," Journal of International Economics, Elsevier, vol. 30(3-4), pages 301-316, May.
    3. Rose, Andrew K., 1990. "Exchange rates and the trade balance : Some evidence from developing countries," Economics Letters, Elsevier, vol. 34(3), pages 271-275, November.
    4. Ellen E. Meade, 1988. "Exchange rates, adjustment, and the J-curve," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Oct, pages 633-644.
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