Bahmani-Oskooee, Mohsen; Fariditavana, Hadise - In: Journal of Economic Studies 42 (2015) 3, pp. 519-530
Purpose – Previous research that investigated the effects of currency depreciation on the trade balance assumed that the adjustment of all variables in a given model is in linear fashion. The authors wonder if introduction of nonlinearity in the adjustment of some variables such as the...