Mwito, Moses Mutharime; Mkenda, Beatrice Kalinda; … - In: Central Bank Review (CBR) 21 (2021) 1, pp. 25-34
This paper examines asymmetries in the J-curve effects of real exchange rate on Kenya's trade balance by using panel … Group (PMG) estimation technique, under both the linear and nonlinear ARDL frameworks, is applied. This paper departs from … analyses, and by incorporating nonlinearities. The findings of the PMG estimation based on the assumption of symmetric exchange …