摘要：We consider the bilateral trade balance of the U.S. with each of her 13 trading partnersfrom the developing world. When we apply the linear ARDL approach of Pesaran et al.(2001), we find support for the J-curve effect with six partners. However, when we applyShin et al.’s (2014) nonlinear ARDL approach to asymmetry analysis, we find support forthe J-curve in the U.S. trade with 10 partners. Additionally, while we find support for theshort-run asymmetric effects of exchange rate changes in almost all cases, the short-runeffects translate into the long-run significant asymmetric effects in half of the cases.
关键词：Trade Balance; Exchange Rate; Asymmetry Effects; The U;S; 13;Developing Partners
