| Title: | Effect of depreciation of the exchange rate on the trade balance of Albania |
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| Authors: | ID Kurtović, Safet (Author)
ID Halili, Blerim (Author)
ID Maxhuni, Nehat (Author) |
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| Files: |  Nase_gospodarstvoOur_economy_2017_Kurtovic,_Halili,_Maxhuni_Effect_of_Depreciation_of_the_Exchange_Rate_on_the_Trade_Balance_of_Albania.pdf (626,39 KB)
MD5: 86094B69E68BAD9FD0E2DD90AF49DD26
PID: 20.500.12556/dkum/9c50c2ff-db63-47b4-b19f-696be4270e4b
 http://www.degruyter.com/view/j/ngoe.2017.63.issue-3/ngoe-2017-0016/ngoe-2017-0016.xml
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | The paper investigates the effect of the real effective exchange rate depreciation of the lek on the trade balance of Albania using quarterly data from 1994 to 2015. Bounds testing cointegration approach, vector error correction model (VECM), and impulse response were used for the empirical analysis. The results of the study show a long-term cointegration between the real effective exchange rate (REER) and the trade balance (TB). Specifically, the REER depreciation positively affects the trade balance of Albania in both the long and short run, indicating the weak presence of the J-curve effect. Important recommendations were derived from the results. |
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| Keywords: | J-curve, cointegration, elasticity, short-term effect, long-term effect |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Year of publishing: | 2017 |
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| Number of pages: | str. 27-36 |
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| Numbering: | Letn. 63, št. 3 |
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| PID: | 20.500.12556/DKUM-70317  |
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| ISSN: | 0547-3101 |
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| UDC: | 339.5 |
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| ISSN on article: | 0547-3101 |
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| COBISS.SI-ID: | 12857884 |
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| NUK URN: | URN:SI:UM:DK:D3MHEXZY |
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| Publication date in DKUM: | 03.05.2018 |
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| Views: | 1274 |
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| Downloads: | 454 |
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| Metadata: |    |
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| Categories: | Misc.
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