International Finance Discussion Papers (IFDP)
September 1991
How Pervasive is the Product Cycle? The Empirical Dynamics of American and Japanese Trade Flows
Joseph E. Gagnon and Andrew K. Rose
Abstract:
This paper looks for dynamic patterns in international trade flows using multilateral American and Japanese data disaggregated to the four-digit SITC level. Little evidence is found of product-cycle dynamics between 1962 and 1988; rather, goods that begin the sample in surplus (deficit) tend to remain in surplus (deficit) throughout the sample.
PDF: Full Paper
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