D. K. Backus, P. J. Kehoe and F. E. Kydland, “Dynamics of the Trade Balance and the Terms of Trade: The JCurve?” American Economic Review, Vol. 84, 1994, pp. 84-103.

has been cited by the following article:

• TITLE: Revisiting the J-Curve for Japan

  AUTHORS: Masanori Ono, SaangJoon Baak

  KEYWORDS: J-Curve; S-Curve; Structural Change

  JOURNAL NAME: Modern Economy, Vol.5 No.1, January 17, 2014

  ABSTRACT: This paper investigates Japanese trade to see whether the J/S-curve phenomenon between net exports and the terms of trade is observed in the data from 1980Q1 to 2008Q3. Based on the results of a VAR stability test, the aggregate trade data are endogenously split into three sub-period data sets, with the J/S-curve present in the last two. The J/S-curve may stem from the increasing share of China and the oil-exporting countries in Japanese trade. In fact, the J/S-curve is observed in the bilateral trade data with those countries but not in the data with Korea or the United States.