Real exchange rate and bilateral trade ...
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Real exchange rate and bilateral trade balance of Cambodia: A panel investigation
Auteur(s) :
Titre de la revue :
Economics Bulletin
Éditeur :
Economics Bulletin
Date de publication :
2016-02
ISSN :
1545-2921
Mot(s)-clé(s) en anglais :
Trade balance
Real exchange rate
Cambodia
Growth
FMOLS and DOLS Estimators
Real exchange rate
Cambodia
Growth
FMOLS and DOLS Estimators
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
This article investigates the relationship between Cambodia's bilateral trade balance and its fundamental determinants: the real exchange rate and real income differentials between Cambodia and its foreign trading partners. ...
Lire la suite >This article investigates the relationship between Cambodia's bilateral trade balance and its fundamental determinants: the real exchange rate and real income differentials between Cambodia and its foreign trading partners. The Panel Fully Modified Ordinary Least Squares method is applied to a sample of 10 trading partners for the 1998–2014 period on a quarterly basis. The main findings suggest that a devaluation of the real exchange rate significantly improves bilateral trade balance. However, it is not possible to prove that any modification of the real exchange rate will cause a trade balance adjustment that follows the standard J-curve shape, although two of the 10 sampled countries are exceptions. The model also shows that higher foreign partner real incomes relative to domestic real income levels cause a significant inverse change in bilateral trade balance for five of the sampled countries, suggesting that Cambodia is highly dependent on imports.Lire moins >
Lire la suite >This article investigates the relationship between Cambodia's bilateral trade balance and its fundamental determinants: the real exchange rate and real income differentials between Cambodia and its foreign trading partners. The Panel Fully Modified Ordinary Least Squares method is applied to a sample of 10 trading partners for the 1998–2014 period on a quarterly basis. The main findings suggest that a devaluation of the real exchange rate significantly improves bilateral trade balance. However, it is not possible to prove that any modification of the real exchange rate will cause a trade balance adjustment that follows the standard J-curve shape, although two of the 10 sampled countries are exceptions. The model also shows that higher foreign partner real incomes relative to domestic real income levels cause a significant inverse change in bilateral trade balance for five of the sampled countries, suggesting that Cambodia is highly dependent on imports.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :