Devaluation and trade balance in Latin American countries

dc.contributor.authorKalyoncu, Hüseyin
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorArtan, Seyfettin
dc.contributor.authorKalyoncu, Kahraman
dc.date.accessioned13.07.201910:50:10
dc.date.accessioned2019-07-16T08:24:16Z
dc.date.available13.07.201910:50:10
dc.date.available2019-07-16T08:24:16Z
dc.date.issued2009
dc.departmentİktisadi ve İdari Bilimler Fakültesi
dc.description.abstractThe aim of this paper is to examine effectiveness of devaluation on the trade balance in four countries: Argentina, Brazil, Mexico and Peru. We use the Johansen-Juselius cointegration test and impulse response function to estimate the long-run and shortrun effects of devaluation on the trade balance. The estimated results suggest that depreciation improve the trade balance in the long run for the case of Argentina and Peru, and in the short-run there has been J-curve in Argentina and Peru. In addition, the cointegration is found among the four variables (trade balance, domestic income, foreign incomes and real exchange rate) in the case of Argentina and Peru. The results also indicate that there is no cointegration relationship between these variables for Brazil and Mexico. The conclusion of the paper is that the evidence of the J-curve pattern was found for Argentina and Peru only.
dc.identifier.endpage128en_US
dc.identifier.issn1331-8004
dc.identifier.issue1en_US
dc.identifier.scopusqualityQ3
dc.identifier.startpage115en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12451/2896
dc.identifier.volume27en_US
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPreliminary Communication
dc.relation.ispartofZbornik Radova Ekonomskog Fakultet au Rijeci
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCointegration
dc.subjectImpulse Response Analysis
dc.subjectJ-Curve
dc.subjectLatin America
dc.subjectMarshal-Lerner Condition
dc.subjectTrade Balance
dc.titleDevaluation and trade balance in Latin American countries
dc.typeArticle

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