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| Tekijä: | Hacker, R.S. Hatemi-J, A. |
| Otsikko: | The effect of exchange rate changes on trade balances in the short and long run: evidence from German trade with transitional Central European economies |
| Lehti: | Economics of transition
2004 : VOL. 12:4, p. 777-799 |
| Asiasana: | Exchange rates Transition economies Eastern Europe Germany |
| Kieli: | eng |
| Tiivistelmä: | This study tests for the trade J-curve for three transitional Central European countries - the Czech Republic, Hungary and Poland - in their bilateral trade with respect to Germany by using generalized impulse response functions. The results suggest that for each country there are some characteristics associated with a J-curve effect: after a (real or nominal) depreciation the export-to-import ratio briefly drops to below its initial value within a few months and then rises to a long run equilibrium value higher than the initial one. |
SCIMA