Trade Balances and the Terms of Trade in G-7 Countries : Panel Cointegration Approach

This paper empirically analyzes the long-run equilibrium between trade balances and the terms of trade using the nonstationary panel data analysis. Empirical results indicate that trade balances and the terms of trade do not have cointegrating relation for G-7 countries. This implies that the deterioration in the terms of trade will not necessarily improve a country's trade balance in the long-run

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Year of publication:	2009
Authors:	Hamori, Shigeyuki
Publisher:	[S.l.] : SSRN
Subject:	Terms of Trade \| Terms of trade \| G7-Staaten \| G7 countries \| Kointegration \| Cointegration \| Handelsbilanz \| Trade balance \| Panel \| Panel study \| Leistungsbilanz \| Current account

Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Applied Econometrics and International Development, Vol. 8, No. 2, 2008 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 22, 2008 erstellt
Classification:	F41 - Open Economy Macroeconomics ; C32 - Time-Series Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014211849