Why World Exports are so Susceptible to the Economic Crisis --The Prevailing "Export Overshooting" Phenomenon
NBER Working Paper No. 16837
---- Acknowledgements ----
The author would like to thank Yalin Alice Chiang for her excellent research assistance. The author would also like to thank the participants of 21st Annual East Asian Seminar on Economics (A Pacific Rim Perspective on the Financial Crisis, June 25-26, 2010) for their very helpful suggestions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.