The role of commodity terms of trade in the determination of the real exchange rates of the Mediterranean countries
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadata
Title
The role of commodity terms of trade in the determination of the real exchange rates of the Mediterranean countriesDate
2008Publisher
Wiley-BlackwellISSN
00121533Type
info:eu-repo/semantics/articleSubject
Abstract
The aim of this paper is to investigate whether there exists a long
run relationship between the real exchange rate and the commodity
terms of trade in the so-called “Mediterranean” or MENA countries.
These economies ... [+]
The aim of this paper is to investigate whether there exists a long
run relationship between the real exchange rate and the commodity
terms of trade in the so-called “Mediterranean” or MENA countries.
These economies are good candidates for this type of formulation, as
they can be considered commodity exporting countries. Using cointegration
techniques, we find long run relationships linking the real
exchange rate and a commodity-based measure of the terms of trade.
Thus, commodity terms of trade are a potential explanation for the
apparent non-stationarity of MENA countries real exchange rate previously
found in the empirical literature [-]
Rights
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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- ECO_Articles [696]