| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4738 |
| 来源ID | Working Paper 4738 |
| Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade | |
| David C. Parsley; Shang-Jin Wei | |
| 发表日期 | 1994-05-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper casts doubt on the validity of the hysteresis hypothesis as an explanation of the persistent U.S. trade deficits in the 1980s. We propose two tests to investigate two different implications of the hypothesis. The first implication is that cumulative changes in exchange rates, in addition to current exchange rate levels, are important determinants of trade flows. The second implication is that foreign exporting firms' perceptions of exchange rate volatility will affect their decisions to enter or exit the market. We find little support for either aspect of the hysteresis hypothesis. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w4738 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562135 |
| 推荐引用方式 GB/T 7714 | David C. Parsley,Shang-Jin Wei. Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4738.pdf（153KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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