Estimation of the J-Curve Effect: The Case of the Visegrad Group

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

Estimation of the J-Curve Effect: The Case of the Visegrad Group

Popis výsledku v původním jazyce

This paper investigates the impact of change in exchange rate on bilateral trading flows between countries of Visegrad Group and their major trading partners. Depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. This paper investigates J-curve phenomenon using quarterly data over the period 1997:1 to 2011:4. In this paper is applied 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. In models are included bilateral export and import flows, GDP of each respective country and bilateral exchange rates. J-curve was revealed just for Czech Republic and its major partners Germany and Poland. For trade balance between Poland and Great Britain was revealed inverse J-curve.

Název v anglickém jazyce

Estimation of the J-Curve Effect: The Case of the Visegrad Group

Popis výsledku anglicky

This paper investigates the impact of change in exchange rate on bilateral trading flows between countries of Visegrad Group and their major trading partners. Depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. This paper investigates J-curve phenomenon using quarterly data over the period 1997:1 to 2011:4. In this paper is applied 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. In models are included bilateral export and import flows, GDP of each respective country and bilateral exchange rates. J-curve was revealed just for Czech Republic and its major partners Germany and Poland. For trade balance between Poland and Great Britain was revealed inverse J-curve.

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

EBES 2012 Warsaw Conference Program and Abstract Book

ISBN

978-605-61069-7-2

ISSN

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e-ISSN

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Počet stran výsledku

2

Strana od-do

38-39

Název nakladatele

Teknik Basim Matbaacilik

Místo vydání

Istanbul

Místo konání akce

Varšava

Datum konání akce

1. 1. 2012

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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