Is there a J-curve effect in Tunisia's bilateral trade with her partners? New evidence from asymmetry analysis
Küçük Resim Yok
Tarih
2019
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Recently a new direction on the relation between the exchange rate and the trade balance has emerged where the emphasis is on application of asymmetry analysis and nonlinear models. Whereas, the linear models have failed to provide strong support for the J-curve effect, the nonlinear models have proved to be fruitful. We add to this later literature by estimating bilateral trade balance models of Tunisia with her six large partners. The results reveal that exchange rate changes do have short-run asymmetric effects in all six models, short-run adjustment asymmetric effects in three models, and significant long-run asymmetric effects in three models.
Açıklama
Anahtar Kelimeler
J-curve, Non-linear ARDL approach, Asymmetry effects, Tunisia, Six partners
Kaynak
Economic Change and Restructuring
WoS Q Değeri
Q2
Scopus Q Değeri
Q2
Cilt
52
Sayı
1
