Do devaluations improve or worsen the terms of trade?

Article Abstract:

Stern (1973) posited that devaluation could improve or worsen the terms of trade, depending on the ratio of the product of elasticities of exports and imports. A cointegration technique applied to data from 25 countries for the period 1973-1988 is used to test the theory. Empirical results fail to show a long-term relationship between exchange rate and the terms of trade.

Terms of trade

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Panel cointegration and productivity bias hypothesis

Article Abstract:

A research is presented, on the reliability of productivity bias hypothesis, which states that the country wise productivity differentials affect the exchange rate and the economic equilibrium of the place. Panel cointegration analysis is used for the testing of the hypothesis on international economics.

Economics, Foreign exchange, Foreign exchange rates, Equilibrium (Economics), International economic integration, Economic integration, Economic theory

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How sensitive are Britain's inpayments and outpayments to the value of the British pound

Article Abstract:

The impact of pound devaluation on financial management and trade balance, in the United Kingdom, is examined.

United Kingdom, Government expenditures, Financial Systems & Controls, Financial Management, Evaluation, Economic policy, Pound (United Kingdom), Balance of trade

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