… We show that Marshall−Lerner condition holds for Brazilian trade balance, and discard a
J−curve in the short run. We present these results using impulse−response functions in a …

… the trade flows between Brazil and a major trading partner, the United States, disaggregating
their trade flows by commodity. We then test the empirical validity of the J-Curve for each of …

… that there is evidence of a J-curve for Chile, Ecuador, and Uruguay and lack of support for a
J-curve for Argentina, Brazil, … that there is no J-curve for Brazil which is consistent with their …

… that the J-curve hypothesis is not valid between Brazil and the USA. The real depreciations
of the Brazilian currency do not make a positive contribution to the trade balance for Brazil. …

… by reviewing the J-Curve related empirical papers. … While there are reasons to believe that
the J-Curve phenomenon characterizes the short-run dynamics, there are also reasons why it …

… We investigate if the J-curve and the MLC are observed in Brazil, a net commodity exporter
emerging country, after exposing its economy to global demand and supply shocks. We …

… of the J-curve and the Marshall-Lerner condition for Brazil from … term, it is observed that a
real depreciation of the Brazilian … balance becomes positive, and it remains like that for longer …

… Therefore, we adopt this approach to better capture the J-curve effects without losing useful
macroeconomic information for the trade balance, which is our main interest. Note also that if …

… There is no evidence of any J curve effect in this period of managed and free floating, … there
is some evidence of the J curve phenomenon in the fixed exchange era prior to 1974, but it is …

… (but scantily tested) theory of the J-Curve, which argues that a country’s trade balance will
… to 1987 period to determine whether such J-Curve behavior has indeed been experienced. …