Bilateral J-Curve between Slovakia and its major trading partners

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Bilateral J-Curve between Slovakia and its major trading partners

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Bilateral J-Curve between Slovakia and its major trading partners

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

864-869

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Karviná

Místo konání akce

Karviná

Datum konání akce

1. 1. 2012

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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