Hysteresis in trade

descriptionPublicationkeyboard_double_arrow_right Article , Part of book or chapter of book 01 Jan 1990 English Publisher:Springer Science and Business Media LLCJournal:Empirical Economics, volume 15, pages 127-142 (issn: 0377-7332, eissn: 1435-8921,

Copyright policy )

Authors: Richard Baldwin;

doi: 10.1007/bf01973449 , 10.1007/978-3-642-51543-9_2

Hysteresis in trade

- Summary
- Metrics

Abstract

The paper presents a model of hysteresis in trade which is based on the existence of sunk market-entry costs. The study concentrates on the aspect of two models. In both models an exchange rate overvaluation leads to additional entry by foreign firms. The models differ in their accounts of why the foreign firms do not exit after the exchange rate shock passes.

Related Organizations

King’s University
United States
Columbia University
United States

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	47
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average