Journal article | Zeitschriftenartikel
Exchange rate policy and trade balance: a cointegration analysis of the Argentine experience since 1962
Using multivariate cointegration tests for non-stationary data and vector error correction models, this paper examines the determinants of trade balance for Argentina over the last forty to fifty years taking into account that the short-run impacts of currency depreciation on the trade balance behaviour may differ from the long-run effects. Our investigation confirms the existence of long-run relationships among trade balance, real exchange rate and foreign and domestic incomes for Argentina during different real exchange rate management policies. Based on the estimations, the Marshall-Lerner condition is checked and, by means of impulse response functions, we trace the effect of a one-time shock to the real exchange rate on the trade balance not finding support for a J-curve pattern in the short-run.
- Umfang
-
Seite(n): 2571-2582
- Sprache
-
Englisch
- Anmerkungen
-
Status: Postprint; begutachtet (peer reviewed)
- Erschienen in
-
Applied Economics, 41(20)
- Thema
-
Wirtschaft
Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik
Volkswirtschaftslehre
Handelsbilanz
Wechselkurs
Argentinien
Wirtschaftspolitik
Kaufkraft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fugarolas Alvarez-Ude, Guadalupe
Matesanz Gómez, David
- Ereignis
-
Veröffentlichung
- (wo)
-
Vereinigte Staaten von Amerika
- (wann)
-
2009
- DOI
- URN
-
urn:nbn:de:0168-ssoar-241644
- Rechteinformation
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Letzte Aktualisierung
-
21.06.2024, 16:27 MESZ
Datenpartner
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Objekttyp
- Zeitschriftenartikel
Beteiligte
- Fugarolas Alvarez-Ude, Guadalupe
- Matesanz Gómez, David
Entstanden
- 2009
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