Bilateral J-Curve between Slovakia and its major trading partners
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230001872" target="_blank" >RIV/47813059:19520/12:#0001872 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Bilateral J-Curve between Slovakia and its major trading partners
Original language description
The primary purpose of this paper is to analyse the impact of exchange rate on bilateral trade flows between Slovakia and its seven major trading partners. Devaluation or depreciation of a currency worsens the trade balance before improving it, resultingin a J-curve pattern. This paper investigates J-curve phenomenon using quarterly time series data over the period 1997:1 to 2010:4. In this paper is applied the Johansen cointegration test to analyse the long run relationship between exchange rate and trade balance. Short term effects and the related J-curve effect is explored by estimating error correction model and by assessing the impulse response function of the trade balance on the exchange rate shock. The results reveal that the trade balance between Slovakia and its trading partners does not support the J-curve phenomenon in all cases. The J-curve phenomenon was revealed in case of Hungary and partially in Czech Republic, in case of Austria S-curve pattern was found.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 30th International Conference Mathematical Methods in Economics 2012
ISBN
978-80-7248-779-0
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
864-869
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Karviná
Event location
Karviná
Event date
Jan 1, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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