Abstract
There are limited number of studies which have tried to test the J-Curve phenomenon for Singapore either using aggregate trade data between Singapore and rest of the world or bilateral trade data between Singapore and one or two of her trading partners. These studies have provided mixed results. In this article, we revisit the issue and consider the short-run and long-run effects of real exchange rate depreciation of Singapore dollar on her trade balance with each of her 13 main trading partners. Using quarterly data over the period 1973I–2009IV and bounds testing method to cointegration and error-correction modelling we find support for the J-Curve in four of 13 cases.
Original language | English (US) |
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Pages (from-to) | 515-522 |
Number of pages | 8 |
Journal | Economic Papers |
Volume | 31 |
Issue number | 4 |
DOIs | |
State | Published - Dec 1 2012 |
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)