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.
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页码：429 / 432
页数：4
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