The J Curve Exposure Analysis of the Effective Exchange Rates
This study aims to find the relationship between real effective exchange rate and trade balance in Sri Lanka in order to find out the J curve phenomenon by using its 10 major trading partners. This paper first constructed the Nominal Effective Exchange Rate (NEER)and Real Effective Exchange Rate (REER)for Sri Lanka and then applied the Engle-Granger technique to investigate the long run cointegration relation between Balance of Trade (BOT) and REER, and finally employed the Error Correction Mechanism to explore the short-run linkage. Estimate results demonstrated that the REER has not a significant influence on Sri Lankan Trade Balance. The Granger Causality test suggests that the REER does not Granger cause the trade balance. We found that the Marshal-Lerner condition does not exist in Sri Lanka. Therefore, no evidence found to support the J curve theory in Sri Lanka. This implies that exchange rate policy is not an efficient policy tool in Sri Lanka. In order to improve the trade balance, Sri Lanka has to follow some other methods. Import tax policies can be imposed to reduce imports on selective basis and export promotion to increase the government revenue.
Yazar | Koswatta Achinthya |
---|---|
Yayın Evi | LAP Lambert Academic Publishing |
Dil | İngilizce |
Rusça Additional Contributors Türkçe J B Boon Icon Group International Fransızca Leopold Classic Library Emily Grace CreateSpace Independent Publishing Platform J B SBoon Almanca İspanyolca İngilizce ICON Group International, Inc. J Saosa Gale, U.S. Supreme Court Records Independently published Book on Demand Ltd.
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Baskı Detayları
Yazar | Koswatta Achinthya Sivarajasingham Selliah |
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İsbn 10 | 365968774X |
İsbn 13 | 978-3659687747 |
Yayın Evi | LAP Lambert Academic Publishing |
Dil | İngilizce |
Boyutlar ve boyutlar | 15,2 x 0,5 x 22,9 cm |
tarafından gönderildi The J Curve Exposure Analysis of the Effective Exchange Rates | 7 Nisan 2015 |
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