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Bosnia and Herzegovina vs. Her Trading Partner from Southeast Europe

Turkish Economic Review

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Title Bosnia and Herzegovina vs. Her Trading Partner from Southeast Europe
 
Creator KURTOVIC, Safet Rasim; University of Travnik
HALILI, Blerim; Department of Economics, College “Biznesi"
MAXHUNI, Nehat; Department of Economics, College “Biznesi"
 
Subject Trade balance; J-curve; Exchange rate; Cointegration; Elasticity.
F14; F31; F32,
 
Description Abstract. It is well known that there is a strong relationship between real depreciation of the real exchange rate and the trade balance. Therefore, in this paper we investigated the presence of the J-curve between Bosnia and Herzegovina and seven leading trading partners in Southeast Europe. In the study we have used time series of disaggregated data from 1999 to 2015 and econometric techniques such as co-integration analysis, vector error correction, Johansen's co-integration test, diagnostic tests and tests of stability. The results have shown that there is a co-integration and the presence of the phenomenon of J-curve in the case of Romania and Bulgaria, while this effect is absent in other countries.Keywords. Trade balance, J-curve, Exchange rate, Cointegration, Elasticity.JEL. F14, F31, F32.
 
Publisher Turkish Economic Review
Turkish Economic Review
 
Contributor
 
Date 2017-02-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/TER/article/view/1130
10.1453/ter.v4i1.1130
 
Source Turkish Economic Review; Vol 4, No 1 (2017): March; 75-85
Turkish Economic Review; Vol 4, No 1 (2017): March; 75-85
2149-0414
 
Language eng
 
Relation http://www.kspjournals.org/index.php/TER/article/view/1130/1196
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1130/499
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1130/500
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1130/501
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1130/502
 
Rights Copyright (c) 2017 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0