This paper quantifies the empirical importance of various types of relevant shocks in explaining macroeconomic uctuations in a typical Sub{saharan African economy (C^ote d'Ivoire) in the context of a Dynamic Stochastic General Equilibrium (DSGE) model and Bayesian techniques. Our analysis first...

We employ a gravity equation to estimate the effects of economic freedom on U.S. consumer exports and imports for the years 1999 and 2000. Using the newly updated Fraser Institute¡¦s Economic Freedom of the World Index, we find that increased economic freedom in the rest of the world would...

The balance of payments of Greenland has special features due to an important current transfer, bloktilskud, from Denmark. The trade balance does not exhibit a deficit of this order of magnitude but comparison of the bloktilskud and the deficit is difficult as official figures are available for...

Exchange rate management has been a hot topic in policy maker and academic circles. The 1997-98 Asian crisis has refocused attention on the exchange rate management of East Asian countries. Most views expressed are critical of the pre-crisis US dollar peg regime, citing it as one cause of the...

This study investigates the possibility of improving the trade balance of Sri Lanka through currency depreciation. An error correction model (ECM) was used to examine the short-term and long-term effects of nominal and real effective exchange rate depreciation on the trade balance. While there...

The aim of this work is to analyze the effect of shocks in the real exchange rate in long and short-run on the Brazilian agricultural trade balance after the deployment of Plano Real. The used methodological framework was an application of Johansen’s (1991) multivariate analysis. Results...

Although the international milk market has registered a permanent demand increase, in the analyzed period (2002-2012), the dairy products export made by Romania, have registered relatively modest values, in meeting the demand. In this period, the Romanian trade with dairy products has known an...

Since the Asian financial crisis in 1997, Korean international trade has gone up substantially in both volume and trade balances. The improvement is largely due to an expansion of international markets through various bilateral trade agreements and the structural changes in Korean exchange...

At first sight, Russia's economic performance is quite stable. On the background of the slowdown in the world economy and the continuing recession in the Euro zone in 2012. Russia has shown strong economic growth through sustainable consumption. The budget was drawn with a zero deficit, and the...

Results of previous studies on the correlation between exchange rate changes and trade balance are unpersuasive. The present endeavor tries to understand the direct ion of changes between trade balance and exchange rate and how the depreciation in exchange rate takes place by incorporating the...