Nonlinear Asymmetric Effects of Devaluation on Trade Balance: A Case Study of Iran and South Korea

Maryam Ebrahimi, Kambiz Hojabr Kiani, Abbas Memarnejad and Farhad Ghaffari
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Maryam Ebrahimi: Department of Economics, Science and Research Branch, Islamic Azad University
Kambiz Hojabr Kiani: Depaertment of Economics, Shahid Beheshti University
Abbas Memarnejad: Department of Economics, Science and Research Branch, Islamic Azad University
Farhad Ghaffari: Department of Economics, Science and Research Branch, Islamic Azad University

Journal of Money and Economy, 2018, vol. 13, issue 1, 51-61

Abstract: The present paper analyzes the existence of a long-run relationship between the trade balance and exchange rate of Iran and South Korea by a new approach. It proposes an asymmetric co-integrating NARDL model by two positive and negative partial sum decompositions which can use mixed I (0) and I (1) variables by bounds testing

Keywords: Non-linear Modeling; Bilateral Trade Balance; Devaluation Currency (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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