![Sample our Economics, Finance,Business & Industry journals, sign in here to start your access, latest two full volumes FREE to you for 14 days]({"type":"image" , "src" : "/sda/5931/TOC-Subject-Sample-2021-Economics-Finance-Business-Industry.jpg"})
Abstract
A second and an independent J-curve effect emerges where import expenditures depend on wealth and where current account imbalance feeds back on itself through its effect on asset accumulation. The combination of the two J-curves in conjunction gives rise to a wide range of dynamic possibilities for the trade account.