Terms-of-trade and trade balance : Some empirical evidence of Asian economies

Wong, Hock Tsen (2009) Terms-of-trade and trade balance : Some empirical evidence of Asian economies. International Trade Journal, 23 (4). pp. 422-457. ISSN 0885-3908

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Official URL: http://dx.doi.org/10.1080/08853900903223685

Abstract

This study examines the impact of terms-of-trade and oil price on trade balance in Asian economies. Generally, the results of the normalized cointegrating vectors show that the impact of terms-of-trade on trade balance is different across economies. An increase in oil price or permanent oil price will lead to a decrease in terms-of-trade while the impact of an increase in temporary oil price on terms-of-trade is ambiguous. Generally, terms-of-trade, domestic demand, foreign demand, and oil price (permanent oil price, temporary oil price) are important in the determination of trade balance in the short run and long run.

Item Type:Article
Uncontrolled Keywords:Trade balance, Some empirical evidence, Asian economies
Subjects:?? HF1014 ??
Divisions:SCHOOL > School of Business and Economics
ID Code:2599
Deposited By:IR Admin
Deposited On:30 Mar 2011 14:07
Last Modified:24 Feb 2015 10:53

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