Some evidence on the countercyclicality of the trade balance
The cyclical behaviour of the trade balance is examined using quarterly data for eight countries covering the period 1960:1-1995:3. Two methods are employed: the calculation of the correlation coefficient between the HP-filtered series and the estimation of a structural time series model. Both methods produce results which are supportive of the hypothesis of countercyclicality of the trade balance.
Year of publication: |
1999
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Authors: | Lenten, Liam ; Moosa, Imad |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 6.1999, 6, p. 359-360
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Publisher: |
Taylor & Francis Journals |
Saved in:
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