Dynamics of the yen-dollar real exchange rate and the US-Japan real trade balance

被引：30
|
作者：
Rahman, M [1 ]
Mustafa, M [1 ]
Burckel, DV [1 ]
机构：
[1] S CAROLINA STATE UNIV,DEPT AGRIBUSINESS & ECON,ORANGEBURG,SC 29117
来源：
APPLIED ECONOMICS | 1997年 / 29卷 / 05期
关键词：
D O I：
10.1080/000368497326868
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper employs cointegration and error correction models to examine the dynamics of the yen-dollar real exchange rate and the US-Japan real trade balance. It uses quarterly data from 1973.I-1993.IV. The unit root tests reveal non-stationarity in both the variables. The ADF test fails to affirm any long-run association between the yen-dollar real exchange rate and the US-Japan real trade balance. Also, there is evidence of bidirectional short-run Granger causality between these two variables with mutual feedbacks.
引用
收藏
页码：661 / 664
页数：4
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