Real exchange rate effects on the balance of trade: Cointegration and the Marshall-Lerner condition

International Journal of Finance and Economics

Volumn 6, Issue 3, 2001, Pages 187-200

  Boyd, Derick ^a   Caporale, Gugielmo Maria ^b   Smith, Ron ^c  

^a UNIVERSITY OF EAST LONDON   (United Kingdom)

^b LONDON SOUTH BANK UNIVERSITY   (United Kingdom)

^c UNIVERSITY OF LONDON   (United Kingdom)

Author keywords

Balance of trade; Generalized impulse responce functions; Marshall Lerner condition; Real exchange rate; Vector error correction models

Indexed keywords

BALANCE OF TRADE; COINTEGRATION ANALYSIS; METHODOLOGY; REAL EXCHANGE RATE;

EID: 0034910636     PISSN: 10769307     EISSN: None     Source Type: Journal    
DOI: 10.1002/ijfe.157     Document Type: Article

References (48)

1. Determinants of international trade flows: The case of developing countries
2. Cointegration approach to estimate the long-run trade elasticites in LDCs
3. Long-run price elasticities and the Marshall-Lerner condition revisited
4. The purchasing power parity doctrine: A reappraisal
5. Real exchange rates and real interest differentials: Have we missed the business-cycle relationship
6. The robustness of equilibrium exchange rate calculations to alternative assumptions and methodologies
7. Testing for purchasing power parity: Econometric issues and an application to developing countries
8. Exchange rates, pricing-to-market strategies, and the Marshall-Lerner condition
9. Estimating income and price elasticities of trade in a cointegration framework
10. Efficient estimation of cointegration vectors and testing for causality in vector autoregressions
11. Current account solvency and the Feldstein-Horioka puzzle
12. Terms of trade, productivity, and the real exchange rate
13. International evidence on tradables and nontradeables inflation
14. The behavior of nontradable goods prices in Europe: Evidence and interpretation
15. The effectiveness of exchange rate changes
16. Co-integration and error correction: Representation, estimation and testing
17. The EMS, the EMU, and the transition to a common currency
18. Perspectives on PPP and long-run real exchange rates
19. Large versus small price changes in the demand for imports
20. The supply and demand for exports: A simultaneous approach
21. Income and price effects in foreign trade
22. Income and price elasticities in world trade
23. Trade elasticities for G-7 countries
24. The Marshall-Lerner condition reconsidered
25. Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregression models
26. Import and export demand in developing countries
27. Differences in income elasticities and trends in real exchange rates
28. Equilibrium exchange rates
29. The persistence of the US trade deficit
30. The current account and the real exchange rate: A structural VAR analysis of major currencies
31. Growth and convergence in a multi-country empirical stochastic Solow model
32. Long-run exchange rate modeling- A survey of the recent evidence
33. Bilateral trade elasticities
34. The intertemporal approach to the current account
35. An autoregressive distributed lag modelling approach to cointegrated analysis
36. Structural analysis of cointegrating VARs
37. Statistical inference in instrumental variable regressions with I(1) processes
38. International trade and the business cycle
39. The purchasing power parity puzzle
40. The role of exchange rates in a popular model of international trade: Does the 'Marshall-Lerner' condition hold?
41. Theoretical notes on trade problems
42. Present value tests of an intertemporal model of the current account
43. The real exchange rate and the current account balance in Japan
44. The natural exchange rate of the United States dollar and the determinants of capital flows
45. Determinants of international trade flows
46. Demand for money in Sri Lanka during the post-1977 period: A cointegration and error correction analysis
47. Differential responses to price and exchange rate influences in the foreign trade of selected industrial countries