A test for strong hysteresis in international trade
AUTOR(ES)
Kuhl Teles, Vladimir
DATA DE PUBLICAÇÃO
26/08/2009
RESUMO
The article suggests a new test for strong hysteresis in international trade. The variables that capture the effects of hysteresis are based on the model of Dixit (1989) with calibrations using a state-space model to determine the parameters for each point in time. These variables are then applied to a cointegration test with breaks, where it is possible to verify whether the hysteresis effect is essential in determining the long-term equilibrium.
ASSUNTO(S)
hysteresis, international trade, cointegration, structural breaks
ACESSO AO ARTIGO
http://hdl.handle.net/10438/2727Documentos Relacionados
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