the purpose of this paper is to investigate the long-run effect of real effective exchange rate on iran non-oil trade balance. the methodology is based on ardl procedure that can be applied irrespective of whether the regressors are i(0) or i(1). the results show the real depreciation has not a favorable long - run effect on the non-oil trade balance of iran from 1979 to 2001.

a r t i c l e i n f o The countercyclical trade balance ratio is among the key stylized facts about open economies. The magnitude of the correlation between the trade balance and output, however, differs from country to country. In particular , the trade balance ratio is more negatively correlated with output in emerging economies than in developed economies, suggesting that the trade balance i...

This study investigated the relationship between tourism trade balance and globalization. We developed a novel encompassing approach to measuring balance, including several inflows outflows. The responsiveness of is examined not only for globalization processes depicted by indicators like de facto economic, social, political but also policies, i.e., jure A comparative analysis across countries ...

w hether the united kingdom (uk) should remain in the european :union: (eu) or not has been a fiercely debated issue both before and after the referendum in the uk on june 23, 2016. the main purpose of this paper is to evaluate the pros and cons of the uk leaving the eu. it is concluded that if the uk leaves the eu, the resulting economic shock would risk adverse effects on macroeconomic variab...