Great Site offering masses of Economic Journals heading back again many years

http://www.eap-journal.com.au/
Great Site offering masses of Economic Journals heading back again many years
This study examines the short-run and long-run effects of real exchange rate changes on India’s trade balance vis-à-vis four of her major buying and selling companions, viz., the US, the United kingdom, Japan and Germany within a cointegrating vector error correction design. Cointegration estimates suggest a long-run equilibrium relationship among trade balance, real exchange rate, domestic and international income in each country. This study also utilized generalized impulse response features to trace the effect of a one–time shock to the real exchange rate on trade balance. Although considerable versions exists in the results, overall, the generalized impulse response features suggest that J-curve effect is visible in India’s bilateral trade with both Japan and Germany, but the Marshall-Lerner condition appears to maintain in the context of India-Germany trade. On the contrary, we did not get J-curve in India’s trade with the US, and the United kingdom, rather we got S-curve effect in India-United kingdom trade.