Semantic Scholar Open Access 2021 32 sitasi

Impact of Exchange Rate Changes on the Trade Balance of India: An Asymmetric Nonlinear Cointegration Approach

S. Bhat Javed Ahmad Bhat

Abstrak

Applying an asymmetric model, the study reported no evidence of J-curve phenomenon in case of India. In the short-run currency appreciation deteriorates the trade balance and currency depreciation improves it. In the long-run, again the similar response is observed, however, only the impact of currency depreciation is statistically significant. Increase in domestic demand deteriorates the trade balance by a greater magnitude than improvement is observed due to the decline in domestic demand conditions. Finally, foreign demand hike improves the trade balance relatively by a higher magnitude; however, the impact of a foreign demand decline is statistically insignificant. JEL Codes: F4, F41, F42

Topik & Kata Kunci

Economics

Penulis (2)

S. Bhat

Javed Ahmad Bhat

Format Sitasi

APA MLA BibTeX

Bhat, S., Bhat, J.A. (2021). Impact of Exchange Rate Changes on the Trade Balance of India: An Asymmetric Nonlinear Cointegration Approach. https://doi.org/10.1177/0015732520961328

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Informasi Jurnal

Tahun Terbit: 2021
Bahasa: en
Total Sitasi: 32×
Sumber Database: Semantic Scholar
DOI: 10.1177/0015732520961328
Akses: Open Access ✓