Devaluation and the trade balance in India. Stationarity and cointegration

被引：20

作者：

Buluswar, MD

Thompson, H

Upadhyaya, KP

机构：

[1] AUBURN UNIV,DEPT ECON,AUBURN,AL 36849

[2] SALISBURY STATE UNIV,DEPT ECON & FINANCE,SALISBURY,MD 21801

来源：

APPLIED ECONOMICS | 1996年 / 28卷 / 04期

关键词：

D O I：

10.1080/000368496328551

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A study of devaluation and the trade balance in India corrects the data for nonstationarity. Previous empirical tests have used non-stationary data. The trade balance in India is not cointegrated with a number of variables, including the exchange rate. Absorption, elasticity, and monetary models are compared, and the monetary model performs better. There has been no J-curve in India, and devaluations have had no significant long-run effect on the trade balance.

引用

页码：429 / 432

页数：4

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