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-run for Turkey over the period 1980-2005. The bounds testing cointegration approach is employed to estimate the trade balance …
Persistent link: https://www.econbiz.de/10011107634
This paper investigates the effects of the real exchange rate and income on US tourism export revenue and import … adjustments to exchange rate and income shocks. Depreciation raises US tourism export revenue but does not affect import spending …
Persistent link: https://www.econbiz.de/10010588162
This paper empirically investigates the impact of change in exchange rate on export and import flows between Slovakia and its major trading partners. Devaluation or depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. For the purpose of this...
Persistent link: https://www.econbiz.de/10011195380
Two main questions are addressed here: is there a long-run relationship between trade balance and real exchange rate for the bilateral trade between Mauritius and UK? Does a J-curve exist for this bilateral trade? Our findings suggest that the real exchange rate is cointegrated with the trade...
Persistent link: https://www.econbiz.de/10008755290
, Brazil, Mexico and Peru. We use the Johansen-Juselius cointegration test and impulse response function to estimate the long … and Peru. In addition, the cointegration is found among the four variables (trade balance, domestic income, foreign … incomes and real exchange rate) in the case of Argentina and Peru. The results also indicate that there is no cointegration …
Persistent link: https://www.econbiz.de/10010904511
cointegration. The results of causality test indicate weak evidence of causality between real exchange rate and trade balance. The …
Persistent link: https://www.econbiz.de/10010676280
. Cointegration analysis is based on a recently developed autoregressive distributed lag approach—shown to provide robust results in …
Persistent link: https://www.econbiz.de/10005445801
The J-curve hypothesis suggests a specific pattern for the response of the trade balance to real exchange rate changes; a real depreciation initially worsens the trade balance, but through time the trade balance improves, and thus the response of the trade balance over time generates a tilted...
Persistent link: https://www.econbiz.de/10005225771
, popularly known as the J-curve phenomenon. Employing the Bounds-Testing approach to cointegration and error-correction modeling …
Persistent link: https://www.econbiz.de/10011152966
O objetivo deste trabalho é analisar os efeitos de longo e curto prazos de choques na taxa de câmbio real sobre o saldo da balança comercial agropecuária brasileira. O procedimento metodológico empregado foi a análise multivariada descrita em Johansen (1988 e 1991) apud Hamilton (1994). Os...
Persistent link: https://www.econbiz.de/10009216491