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The Effects of Short and Long-Run Exchange Rate Shocks on Trade Balance of Iran (a VECM Approach for Testing J-Curve)

Erfan Memarian; Seyed Ahmad Reza Jalali Naeini

Volume 10, Issue 37 , July 2010, , Pages 45-69

Abstract
  In this paper, the Vector Error Correction Model (VECM) analysis, and quarterly series of statistics in the behavior of Iran's trade-balance against its main Trade partners have been dynamically analyzed and real effective exchange rate (REER) has been calculated as an important index and a determinant ...  Read More