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Scientific paper - Original scientific paper
THE EFFECT OF REAL EXCHANGE RATE CHANGES ON CROATIAN BILATERAL TRADE BALANCES
Economic research - Ekonomska istraživanja, 19 (2006), 2; 75-90. urn:nbn:hr:213:380001
Cota, Boris; Erjavec, Nataša; Botrić, Valerija

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Cota, B., Erjavec, N. & Botrić, V. (2006). THE EFFECT OF REAL EXCHANGE RATE CHANGES ON CROATIAN BILATERAL TRADE BALANCES. Economic research - Ekonomska istraživanja, 19. (2), 75-90. Retrieved from https://urn.nsk.hr/urn:nbn:hr:213:380001

Cota, Boris, et al. "THE EFFECT OF REAL EXCHANGE RATE CHANGES ON CROATIAN BILATERAL TRADE BALANCES." Economic research - Ekonomska istraživanja, vol. 19, no. 2, 2006, pp. 75-90. https://urn.nsk.hr/urn:nbn:hr:213:380001

Cota, Boris, Nataša Erjavec and Valerija Botrić. "THE EFFECT OF REAL EXCHANGE RATE CHANGES ON CROATIAN BILATERAL TRADE BALANCES." Economic research - Ekonomska istraživanja 19, no. 2 (2006): 75-90. https://urn.nsk.hr/urn:nbn:hr:213:380001

Cota, B., Erjavec, N. and Botrić, V. (2006) 'THE EFFECT OF REAL EXCHANGE RATE CHANGES ON CROATIAN BILATERAL TRADE BALANCES', Economic research - Ekonomska istraživanja, 19(2), pp. 75-90. Available at: https://urn.nsk.hr/urn:nbn:hr:213:380001 (Accessed 26 December 2024)

Cota B, Erjavec N, Botrić V. THE EFFECT OF REAL EXCHANGE RATE CHANGES ON CROATIAN BILATERAL TRADE BALANCES. Economic research - Ekonomska istraživanja [Internet]. 2006 December 15 [cited 2024 December 26];19(2):75-90. Available at: https://urn.nsk.hr/urn:nbn:hr:213:380001

B. Cota, N. Erjavec and V. Botrić, "THE EFFECT OF REAL EXCHANGE RATE CHANGES ON CROATIAN BILATERAL TRADE BALANCES", Economic research - Ekonomska istraživanja, vol. 19, no. 2, pp. 75-90, December 2006. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:213:380001. [Accessed: 26 December 2024]

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Metadata
Title (english)THE EFFECT OF REAL EXCHANGE RATE CHANGES ON CROATIAN BILATERAL TRADE BALANCES
AuthorBoris Cota
MBZ: 171840
AuthorNataša Erjavec
MBZ: 126386
AuthorValerija Botrić
MBZ: 224225
Author's institutionThe Institute of Economics, Zagreb
(Department for Macroeconomics and International Economics)
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The impact of exchange rate fluctuations on merchandise volume has been a major issue for policymakers and economists. The purpose of this study is to examine whether bilateral real exchange rate changes in Croatia have any significant impact on trade balances between Croatia and her six main trading partners (Slovenia, Austria, Germany, Italy, United Kingdom and France), except Bosnia and Herzegovina due to the lack of data. The relationship between the exchange rate and trade balance need to give answer whether depreciation results in increase in export volume and decrease in import volume to overcome the increase in import prices. The present study also tests, using generalized impulse response function, for the J-curve as a J-shaped time path of the trade balance in responses to depreciation. That means that after such an exchange rate change, the trade balance initially falls and then slowly rises, perhaps to a higher level than initially. The results do not provide empirical support for the J-curve. Impulse response function shows that after a current depreciation, there will be a dip in the export-import ratio. The long-run export-import ratio appears to be higher than the point of this early dip in four out of six cases. However, in all cases, the export-import ratio does not achieve higher long-run equilibrium than the initial one, after the depreciation.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleEconomic research - Ekonomska istraživanja
Numberingvol. 19, no. 2, pp. 75-90
p-ISSN1331-677X
e-ISSN1848-9664
URN:NBNurn:nbn:hr:213:380001
Publication2006-12-15
Document URLhttp://hrcak.srce.hr/21490
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2017-08-01 09:52:59