This paper investigates the relationship between the terms of trade and current account deficits within a context of VECM. The results indicate that for the Ivory Coast there is a long-run relationship between the terms of trade and current account deficits. They also indicate that current...

This paper investigates the relationship between the terms of trade and current account deficits within a context of VECM. The results indicate that for the Ivory Coast there is a long-run relationship between the terms of trade and current account deficits. They also indicate that current...

The import and export price indices of an economy are usually compiled by some Laspeyres type index. It is well known that such an index formula is prone to substitution bias. Therefore, also the terms of trade (ratio of export and import price index) are likely to be distorted. The underlying...

Zentrales Anliegen des Autors ist es, die mittel- bis langfristige Entwicklung des realen Außenwertes der DM im letzten Vierteljahrhundert zu erklären. Nach einer kurzen Übersicht über Theorien zur Wechselkursbestimmung aus der Literatur werden die Elemente des hier gewählten theoretischen...