This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
COINTEGRATION APPROACH TO ESTIMATE THE LONG-RUN TRADE ELASTICITIES IN LDCs Author info | Abstract | Publisher info | Download info | Related research | Statistics MOHSEN BAHMANI-OSKOOEE
Additional information is available for the following
registered author(s):
The Marshall-Lerner condition postulates that if the sum of import and export demand elasticities add up to more than one, devaluation should improve the trade balance in the long-run. This paper is the first to employ a long-run method, i.e., cointegration technique to estimate trade elasticities in less develop countries. In most cases the results reveal that indeed trade elasticities are large enough to support devaluation as a successful policy to improve the trade balance. [F10, F31]
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by Korean International Economic Association in its journal International Economic Journal .
Volume (Year): 12 (1998)
Issue (Month): 3 (October)
Pages: 89-96
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:taf:intecj:v:12:y:1998:i:3:p:89-96Contact details of provider: Web page: http://taylorandfrancis.metapress.com/link.asp?id=110801
Order Information: Web: http://www.tandf.co.uk/journals/subscription.html
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Other versions of this item:
References listed on IDEAS 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.: Johansen, Søren & Juselius, Katarina, 1992.
"Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK ,"
Journal of Econometrics ,
Elsevier, vol. 53(1-3), pages 211-244.
[Downloadable!] (restricted)
Bahmani-Oskooee, Mohsen, 1991.
"Is there a long-run relation between the trade balance and the real effective exchange rate of LDCs? ,"
Economics Letters ,
Elsevier, vol. 36(4), pages 403-407, August.
[Downloadable!] (restricted)
Johansen, Soren & Juselius, Katarina, 1990.
"Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money ,"
Oxford Bulletin of Economics and Statistics ,
Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
Marquez, Jaime, 1990.
"Bilateral Trade Elasticities ,"
The Review of Economics and Statistics ,
MIT Press, vol. 72(1), pages 70-77, February.
[Downloadable!] (restricted)
Bahmani-Oskooee, Mohsen, 1996.
"The black market exchange rate and demand for money in Iran ,"
Journal of Macroeconomics ,
Elsevier, vol. 18(1), pages 171-176.
[Downloadable!] (restricted)
Robert G. King & Charles I. Plosser & James H. Stock & Mark W. Watson, 1991.
"Stochastic trends and economic fluctuations ,"
Working Paper Series, Macroeconomic Issues
91-4, Federal Reserve Bank of Chicago.
Other versions:
Robert G. King & Charles I. Plosser & James H. Stock & Mark W. Watson, 1992.
"Stochastic Trends and Economic Fluctuations ,"
NBER Working Papers
2229, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) King, Robert G. & Plosser, Charles I. & Stock, James H. & Watson, Mark W., 1991.
"Stochastic Trends and Economic Fluctuations ,"
American Economic Review ,
American Economic Association, vol. 81(4), pages 819-40, September.
[Downloadable!] (restricted) Warner, Dennis & Kreinin, Mordechai E, 1983.
"Determinants of International Trade Flows ,"
The Review of Economics and Statistics ,
MIT Press, vol. 65(1), pages 96-104, February.
[Downloadable!] (restricted)
James MacKinnon, 1990.
"Critical Values for Cointegration Tests ,"
University of California at San Diego, Economics Working Paper Series
90-4, Department of Economics, UC San Diego.
[Downloadable!]
Mah, Jai Sheen, 1993.
"Structural change in import demand behavior: The Korean experience ,"
Journal of Policy Modeling ,
Elsevier, vol. 15(2), pages 223-227, April.
[Downloadable!] (restricted)
Bahmani-Oskooee, Mohsen, 1986.
"Determinants of international trade flows : The Case of Developing Countries ,"
Journal of Development Economics ,
Elsevier, vol. 20(1), pages 107-123.
[Downloadable!] (restricted)
Mohsen Bahmani-Oskooee, 1995.
"Source Of Inflation In Post-Revolutionary Iran ,"
International Economic Journal ,
Korean International Economic Association, vol. 9(2), pages 61-72, June.
[Downloadable!] (restricted)
Bahmani-Oskooee, Mohsen & Malixi, Margaret, 1992.
"More evidence on the J curve from LDCs ,"
Journal of Policy Modeling ,
Elsevier, vol. 14(5), pages 641-653, October.
[Downloadable!] (restricted)
Gylfason, Thorvaldur & Risager, Ole, 1984.
"Does devaluation improve the current account? ,"
European Economic Review ,
Elsevier, vol. 25(1), pages 37-64, June.
[Downloadable!] (restricted)
Hakkio, Craig S. & Rush, Mark, 1991.
"Cointegration: how short is the long run? ,"
Journal of International Money and Finance ,
Elsevier, vol. 10(4), pages 571-581, December.
[Downloadable!] (restricted)
Other versions: Brissimis, Sophocles N. & Leventakis, John A., 1989.
"The effectiveness of devaluation: A general equilibrium assessment with reference to Greece ,"
Journal of Policy Modeling ,
Elsevier, vol. 11(2), pages 247-271.
[Downloadable!] (restricted)
Houthakker, Hendrik S & Magee, Stephen P, 1969.
"Income and Price Elasticities in World Trade ,"
The Review of Economics and Statistics ,
MIT Press, vol. 51(2), pages 111-25, May.
[Downloadable!] (restricted)
Johansen, Soren, 1988.
"Statistical analysis of cointegration vectors ,"
Journal of Economic Dynamics and Control ,
Elsevier, vol. 12(2-3), pages 231-254.
[Downloadable!] (restricted)
Full
references 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.)
Cagri Sarikaya, 2004.
"Export Dynamics in Turkey ,"
Central Bank Review ,
Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 4(2), pages 41-64.
[Downloadable!]
Cortes, Maria, 2007.
"Examining Patterns of Bilateral Trade between Australia and Colombia by Using Cointegration Analysis and Error-Correction Models ,"
Economics Working Papers
wp07-20, School of Economics, University of Wollongong, NSW, Australia.
[Downloadable!]
Zehra Aftab & Aurangzeb, 2002.
"The Long-run and Short-run Impact of Exchange Rate Devaluation on Pakistan's Trade Performance ,"
The Pakistan Development Review ,
Pakistan Institute of Development Economics, vol. 41(3), pages 277-286.
[Downloadable!]
Guncavdi, Oner & Ulengin, Burc, 2008.
"Aggregate Imports and Expenditure Components in Turkey: Theoretical and Empirical Assessment ,"
MPRA Paper
9622, University Library of Munich, Germany.
[Downloadable!]
M. Faruk Aydin & Ugur Ciplak & Eray M. Yucel, 2004.
"Export Supply and Import Demand Models for the Turkish Economy ,"
Working Papers
0409, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
[Downloadable!]
Guncavdi, Oner & Ulengin, Burc, 2008.
"Tradable and Nontradable Expenditure and Aggregate Demand for Import in an Emerging Market Economy ,"
MPRA Paper
9631, University Library of Munich, Germany.
[Downloadable!]
Mohsen Bahmani-Oskooee & Taggert J. Brooks, 2003.
"A new criteria for selecting the optimum lags in Johansen's cointegration technique ,"
Applied Economics ,
Taylor and Francis Journals, vol. 35(8), pages 875-880, January.
[Downloadable!] (restricted)
Access and
download statistics Did you know? You too can volunteer for RePEc, for example by encouraging others to register as authors .
This page was last updated on 2009-12-10.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .