汇率、竞争力与国际收支表现

Staff Studies Pub Date : 2009-10-15 DOI:10.4038/SS.V35I1.1234

Up Alawattage

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引用次数: 18

摘要

本文考察了自1977年经济自由化以来，斯里兰卡汇率政策在实现外部竞争力方面的有效性。传统的两国贸易模型解释了国际收支(BOP)的传统方法，使用的是涵盖1978:1至2000:4的季度数据。结果表明，实际有效汇率(REER)对改善贸易平衡(TB)没有显著影响，特别是在短期内，这意味着模糊的j曲线现象。尽管协整检验显示结核病与REER之间存在长期关系，但从长期来看，它对改善结核病的影响非常小。(JEL F40, O24) DOI: 10.4038/ss.v35i1.1234工作人员研究卷35编号1和2 2005 p.63-91

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Exchange Rate, Competitiveness and Balance of Payment Performance

This paper examines the effectiveness of exchange rate policy of Sri Lanka in achieving external competitiveness since liberalization of the economy in 1977. The conventional two-country trade model that explains the traditional approach to Balance of Payment (BOP) was applied using quarterly data covering the period of 1978:1 to 2000:4. Results reveal that the Real Effective Exchange Rate(REER) does not have significant impact on improving the Trade Balance (TB) particularly in the short run implying a blurred J-Curve phenomenon. Even though the cointegration tests reveal that there is a long run relationship between TB and the REER it shows very marginal impact in improving TB in long run. (JEL F40, O24) DOI: 10.4038/ss.v35i1.1234 Staff Studies Volume 35 Numbers 1& 2 2005 p.63-91

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Staff Studies

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