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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2009.1
- 수록면
- 19 - 41 (23page)
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Previous studies that investigated the short-run (J-curve) and the long-run effects of currency depreciation on the trade balance of Pakistan used aggregate trade data between Pakistan and the rest of the world and provided no evidence of any significant impact. We wonder whether lack of the relation is due to aggregation bias. In this paper, therefore, we go one step further by employing disaggregated data at bilateral level between Pakistan and her 13 major trading partners to determine if we can discover partners whose trade balances react to changes in the real bilateral exchange rate. The results from bounds testing approach are still inconclusive and show that only in half of the cases the real bilateral exchange rate plays a role.
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참고문헌 (25)
참고문헌 신청
Aftab, Z / 2002 / The Long Run and Short Run Impacts of Exchange Rate Devaluation on Pakistan’s Trade Performance / The Pakistan Development Review 41 (3) : 277 ~ 286
Agbola, F.W / 2005 / Time-series Estimation of Import Demand Functions for Pulses in India / Journal of Economic Studies 32 : 146 ~ 157
Alse, J / 1995 / Do Devaluations Improve or Worsen the Terms of Trade? / Journal of Economic Studies 22 : 16 ~ 25
Arora, S / 2003 / Bilateral J-Curve Between India and Her Trading Partners / Applied Economics 35 (9) : 1037 ~ 1041
Baharumshah,A.Z / 2001 / The Effect of Exchange Rate on Bilateral Trade Balance: New Evidence from Malaysia and Thailand / Asian Economic Journal 15 : 291 ~ 312
Agbola, F.W / 2005 / Time-series Estimation of Import Demand Functions for Pulses in India / Journal of Economic Studies 32 : 146 ~ 157
Alse, J / 1995 / Do Devaluations Improve or Worsen the Terms of Trade? / Journal of Economic Studies 22 : 16 ~ 25
Arora, S / 2003 / Bilateral J-Curve Between India and Her Trading Partners / Applied Economics 35 (9) : 1037 ~ 1041
Baharumshah,A.Z / 2001 / The Effect of Exchange Rate on Bilateral Trade Balance: New Evidence from Malaysia and Thailand / Asian Economic Journal 15 : 291 ~ 312
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