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Devaluation and trade balance in Latin American countries

Huseyin Kalyoncu ; Faculty of Economics and Business Administration, Meliksah University, Kaysery, Turkey
Ilhan Ozturk ; Faculty of Economics and Administrative Sciences, Cag University, Yenice, Mersin, Turkey
Seyfettin Artan ; Faculty of Economics and Administrative Sciences, Department of Economics, Karadeniz Technical University, Trabzon, Turkey
Kahraman Kalyoncu ; Faculty of Economics and Business Administration, Aksaray University, Aksaray, Turkey

Puni tekst: engleski, pdf (627 KB) str. 115-128 preuzimanja: 1.774* citiraj
APA 6th Edition
Kalyoncu, H., Ozturk, I., Artan, S. i Kalyoncu, K. (2009). Devaluation and trade balance in Latin American countries. Zbornik radova Ekonomskog fakulteta u Rijeci, 27 (1), 115-128. Preuzeto s https://hrcak.srce.hr/38397
MLA 8th Edition
Kalyoncu, Huseyin, et al. "Devaluation and trade balance in Latin American countries." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 27, br. 1, 2009, str. 115-128. https://hrcak.srce.hr/38397. Citirano 16.10.2021.
Chicago 17th Edition
Kalyoncu, Huseyin, Ilhan Ozturk, Seyfettin Artan i Kahraman Kalyoncu. "Devaluation and trade balance in Latin American countries." Zbornik radova Ekonomskog fakulteta u Rijeci 27, br. 1 (2009): 115-128. https://hrcak.srce.hr/38397
Harvard
Kalyoncu, H., et al. (2009). 'Devaluation and trade balance in Latin American countries', Zbornik radova Ekonomskog fakulteta u Rijeci, 27(1), str. 115-128. Preuzeto s: https://hrcak.srce.hr/38397 (Datum pristupa: 16.10.2021.)
Vancouver
Kalyoncu H, Ozturk I, Artan S, Kalyoncu K. Devaluation and trade balance in Latin American countries. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2009 [pristupljeno 16.10.2021.];27(1):115-128. Dostupno na: https://hrcak.srce.hr/38397
IEEE
H. Kalyoncu, I. Ozturk, S. Artan i K. Kalyoncu, "Devaluation and trade balance in Latin American countries", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.27, br. 1, str. 115-128, 2009. [Online]. Dostupno na: https://hrcak.srce.hr/38397. [Citirano: 16.10.2021.]

Sažetak
The 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.

Ključne riječi
Trade balance; J-Curve; Marshal-Lerner condition; cointegration; impulse response analysis; Latin America

Hrčak ID: 38397

URI
https://hrcak.srce.hr/38397

[hrvatski]

Posjeta: 2.571 *