Impact of Devaluation on Trade Balance in Pakistan

Muhammad Asif () and Kashif Rashid
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Muhammad Asif: Management Sciences Department, CIIT, Abbottabad, Pakistan

Oeconomics of Knowledge, 2011, vol. 3, issue 3, 16-25

Abstract: The purpose of this paper is to find the impact of devaluation on trade balance in Pakistan in both long and short run using bound testing approach to Cointegration and Error Correction Mechanism (ECM). The result shows that devaluation is effective in improving trade balance and there is a cointegrated relationship between the real effective exchange rate and trade balance in the long run.

JEL-codes: O5 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eok:journl:v:3:y:2011:i:3:p:16-25

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