caa a22 4500 605534322 CHVBK 20210128100842.0 cr unu---uuuuu 210128e20150801xx s 000 0 eng 10.1007/s10663-014-9271-1 doi (NATIONALLICENCE)springer-10.1007/s10663-014-9271-1 Impulse response analysis and Orcutt's hypothesis in trade [Elektronische Daten] [Mohsen Bahmani-Oskooee, Esmaeil Ebadi] How fast trade flows respond to exchange rate changes versus relative price changes has its own literature in international economics. Indeed, Orcutt (Rev Econ Stat 32:117-132, 1950) conjectures that they respond faster to exchange rate changes than to changes in relative prices. Previous studies tested the hypothesis by imposing lag structure on both the exchange rate and relative prices and judged Orcutt's conjecture by identifying significant lag lengths. In this paper, we rely upon impulse response analysis as an alternative method to test the hypothesis. We find very limited number of cases in which impulse response of trade flows to changes in the exchange rate dies out sooner than the same response to changes in relative prices. Springer Science+Business Media New York, 2014 Orcutt's hypothesis nationallicence Industrial countries nationallicence Impulse response nationallicence Trade flows nationallicence Bahmani-Oskooee Mohsen The Center for Research in International Economics, Department of Economics, The University of Wisconsin-Milwaukee, 53201, Milwaukee, WI, USA aut Ebadi Esmaeil The Center for Research in International Economics, Department of Economics, The University of Wisconsin-Milwaukee, 53201, Milwaukee, WI, USA aut Empirica Springer US; http://www.springer-ny.com 42/3(2015-08-01), 673-683 0340-8744 42:3<673 2015 42 10663 https://doi.org/10.1007/s10663-014-9271-1 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10663-014-9271-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Bahmani-Oskooee Mohsen The Center for Research in International Economics, Department of Economics, The University of Wisconsin-Milwaukee, 53201, Milwaukee, WI, USA aut NATIONALLICENCE 700 1- Ebadi Esmaeil The Center for Research in International Economics, Department of Economics, The University of Wisconsin-Milwaukee, 53201, Milwaukee, WI, USA aut NATIONALLICENCE 773 0- Empirica Springer US; http://www.springer-ny.com 42/3(2015-08-01), 673-683 0340-8744 42:3<673 2015 42 10663