Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25190
Authors: 
Weber, Enzo
Year of Publication: 
2007
Series/Report no.: 
SFB 649 discussion paper 2007,018
Abstract: 
This paper proposes estimating causalities in bilateral international trade in simultaneous systems, including domestic and foreign GDP as well as mutual trade flows. Conventional macroeconomic theory mainly follows partial approaches like import functions or exportled growth. Focusing on the US relations with Euroland and Canada, cointegration analyses however reveal,that the system dynamics, and so both im- and exports, are simply governed by US GDP shocks. In conclusion, exploring sources and effects of international trade should be seen as an inherently empirical task.
Subjects: 
Import
Export
Causality
Cointegration
JEL: 
F10
C32
Document Type: 
Working Paper

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