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
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Creator |
KURTOVIC, Safet Rasim; University of Travnik
HALILI, Blerim; Department of Economics, College “Biznesi" MAXHUNI, Nehat; Department of Economics, College “Biznesi" |
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Subject |
Trade balance; J-curve; Exchange rate; Cointegration; Elasticity.
F14; F31; F32, |
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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.
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Publisher |
Turkish Economic Review
Turkish Economic Review |
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Contributor |
—
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Date |
2017-02-24
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://www.kspjournals.org/index.php/TER/article/view/1130
10.1453/ter.v4i1.1130 |
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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 |
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Language |
eng
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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 |
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Rights |
Copyright (c) 2017 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0 |
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