This paper investigates the determinants of the trade balance using panel data for 32 industrialized and emerging … coefficients, show that the trade balance as a percentage of GDP is significantly positively related to real foreign GDP per capita … of the trading partners. Real domestic GDP per capita has a negative effect on the trade balance. A real depreciation of …

-Lerner condition in Nigeria. The study found symmetric effects of exchange rate on trade balance, exports, and imports. The findings … also show that real exchange rate depreciation has a strong negative influence on trade balance and exports in the short …