Real Exchange Rates and the Balance of Trade: Does the J-curve Effect Really Hold?

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dc.authoridOzturk, Serda Selin/0000-0003-2758-9321
dc.authorwosidYazgan, Ege/GPG-1135-2022
dc.contributor.authorYazgan, M. Ege
dc.contributor.authorOzturk, Serda Selin
dc.date.accessioned2024-07-18T20:42:15Z
dc.date.available2024-07-18T20:42:15Z
dc.date.issued2019
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractIn this paper, we re-examine the relationship between trade flows, real effective exchange rates, and incomes by using the bilateral trade flows of 33 countries that form more than two-thirds of total world trade. For each country, we consider the bilateral trade flows of the country under consideration vis-a-vis all other countries. The analysis reveals the fact that for most of the countries, a real depreciation of the home currency has favorable effects on the home country's trade balance in the long run. This long-run effect manifests itself in the short run for a small number of countries, indicating the fact that satisfying the Marshall-Lerner condition in the short run is more difficult. However, there is no evidence for the J-curve phenomenon, which suggests an initial deterioration in the trade balance in the short run following a depreciation.en_US
dc.identifier.doi10.1007/s11079-018-9510-3
dc.identifier.endpage373en_US
dc.identifier.issn0923-7992
dc.identifier.issn1573-708X
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85053258550en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage343en_US
dc.identifier.urihttps://doi.org/10.1007/s11079-018-9510-3
dc.identifier.urihttps://hdl.handle.net/11411/7205
dc.identifier.volume30en_US
dc.identifier.wosWOS:000463589900006en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofOpen Economies Reviewen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCompetitive Devaluationen_US
dc.subjectMarshall-Lerner Conditionen_US
dc.subjectJ-Curveen_US
dc.subjectPanel Dataen_US
dc.subjectPanel Data Cointegrationen_US
dc.subjectCce Estimatoren_US
dc.subjectError-Correctionen_US
dc.subjectCommodity Tradeen_US
dc.subjectCointegrationen_US
dc.subjectUsen_US
dc.subjectDependenceen_US
dc.subjectPanelsen_US
dc.subjectTestsen_US
dc.titleReal Exchange Rates and the Balance of Trade: Does the J-curve Effect Really Hold?en_US
dc.typeArticleen_US

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