Endnote export
%T Exchange rate policy and trade balance: a cointegration analysis of the Argentine experience since 1962 %A Fugarolas Alvarez-Ude, Guadalupe %A Matesanz Gómez, David %J Applied Economics %N 20 %P 2571-2582 %V 41 %D 2009 %K Argentina; Marshall-Lerner; J-Curve; cointegration and impulse response analysis %= 2011-04-04T12:55:00Z %~ http://www.peerproject.eu/ %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-241644 %X Using multivariate cointegration tests for non-stationary data and vector error correction models, this paper examines the determinants of trade balance for Argentina over the last forty to fifty years taking into account that the short-run impacts of currency depreciation on the trade balance behaviour may differ from the long-run effects. Our investigation confirms the existence of long-run relationships among trade balance, real exchange rate and foreign and domestic incomes for Argentina during different real exchange rate management policies. Based on the estimations, the Marshall-Lerner condition is checked and, by means of impulse response functions, we trace the effect of a one-time shock to the real exchange rate on the trade balance not finding support for a J-curve pattern in the short-run. %C USA %G en %9 journal article %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info