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Do devaluations improve or worsen the terms of trade?

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Author Info
Janardhanan Als
Mohsen Bahmani-Oskooee

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Abstract

Attempts to shed new light on the relation between the terms of trade and effective exchange rate using cointegration analysis and data from 25 countries. Findings could be summarized by saying that there is no long-run relation between exchange rate and the terms of trade.

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Publisher Info
Article provided by Emerald Group Publishing in its journal Journal of Economic Studies.

Volume (Year): 22 (1995)
Issue (Month): 6 (October)
Pages: 16-25
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Handle: RePEc:eme:jespps:v:22:y:1995:i:6:p:16-25

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Related research
Keywords: Cointegration; Devaluation; Economics; International trade; Terms and conditions;

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Duasa, Jarita, 2009. "Asymmetric cointegration relationship between real exchange rate and trade variables: The case of Malaysia," MPRA Paper 14535, University Library of Munich, Germany. [Downloadable!]
Statistics
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This page was last updated on 2010-1-4.

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