The impact of the post-1972 floating exchange-rate regime on US exports |
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| Authors: | K. Aristotelous |
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| Affiliation: | 1. Department of Economics , Queen Mary Uinversity of London , United Kingdom;2. Department of Economics , Universita di Messinà , Piazza Pugliatti 1, 98100 Messina, Italy;3. Department of Economics , Universita di Messinà , Piazza Pugliatti 1, 98100 Messina, Italy;4. CPNSS , London School of Economics , United Kingdom |
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| Abstract: | By employing the techniques of cointegration and error-correction models, this article empirically investigates the impact of the post-1972 floating exchange-rate regime on the volume of US bilateral exports to Canada, Germany, Japan and the UK. The econometric models specified in the analysis were estimated using quarterly data for the sample period 1959:1–1997:4. The empirical results provide evidence that the post-1972 exchange-rate regime is less conducive to trade than the Bretton-Woods fixed exchange rate regime. |
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