A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES

dc.creator	Bahmani-Oskooee,Mohsen
dc.creator	Xi,Dan
dc.date	2015-05-01
dc.date.accessioned	2019-04-25T12:42:05Z
dc.date.available	2019-04-25T12:42:05Z
dc.identifier	https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0719-04332015000100004
dc.identifier.uri	http://revistaschilenas.uchile.cl/handle/2250/61331
dc.description	The S-curve hypothesis postulates that the correlation coefficient between the current exchange rate and past trade balance values may be negative. However, the correlation between the current exchange rate and future values of the trade balance may be positive. Previous research using aggregate trade flows between Brazil and rest of the world find weak support for the curve. When we disaggregate Brazil's trade flows with the U.S. and investigate 95 industries that trade between the two countries, we find support for the S-curve in 51 industries. Small and large industries and durable and non-durable commodities are found to benefit from currency devaluation.
dc.format	text/html
dc.language	en
dc.publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
dc.relation	10.7764/LAJE.52.1.79
dc.rights	info:eu-repo/semantics/openAccess
dc.source	Latin american journal of economics v.52 n.1 2015
dc.subject	S-curve
dc.subject	industry data
dc.subject	Brazil
dc.subject	the United States
dc.title	A NOTE ON THE S-CURVE DYNAMICS OF COMMODITY TRADE BETWEEN BRAZIL AND THE UNITED STATES