Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship

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dc.contributor.authorTrappler, Danielen_ZA
dc.date.accessioned2014-10-29T14:04:06Z
dc.date.available2014-10-29T14:04:06Z
dc.date.issued2007en_ZA
dc.descriptionIncludes bibliographical references (leaves 44-46).en_ZA
dc.description.abstractThis paper investigates the short and long-run effects of openness on South Africa's non-gold merchandise trade balance at the bilateral and aggregate level. Openness is measured using bilateral real exchange rates and a measure of tariff protection, namely collection rates. Bilateral trade balance relationships are estimated for seven countries (France, Germany, Italy, Japan, the Netherlands. the UK and the USA) to test for heterogeneous responses in the relationship. The robustness of the results are assessed USl11g the Autoregressive Distributed Lag (ARDL) Approach to co-integration. We find strong evidence of aggregation bias. In all cases a real exchange rate depreciation improves the bilateral (and aggregate) trade balance, but the strength of the relationship differs across regions. We find evidence of J-curve behaviour in the cases of South African bilateral trade with the UK and the USA. Similar behaviour is not found using aggregate level data. Protection is shown to improve the trade balance in some cases, but not others.en_ZA
dc.identifier.apacitationTrappler, D. (2007). <i>Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/8925en_ZA
dc.identifier.chicagocitationTrappler, Daniel. <i>"Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2007. http://hdl.handle.net/11427/8925en_ZA
dc.identifier.citationTrappler, D. 2007. Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Trappler, Daniel AB - This paper investigates the short and long-run effects of openness on South Africa's non-gold merchandise trade balance at the bilateral and aggregate level. Openness is measured using bilateral real exchange rates and a measure of tariff protection, namely collection rates. Bilateral trade balance relationships are estimated for seven countries (France, Germany, Italy, Japan, the Netherlands. the UK and the USA) to test for heterogeneous responses in the relationship. The robustness of the results are assessed USl11g the Autoregressive Distributed Lag (ARDL) Approach to co-integration. We find strong evidence of aggregation bias. In all cases a real exchange rate depreciation improves the bilateral (and aggregate) trade balance, but the strength of the relationship differs across regions. We find evidence of J-curve behaviour in the cases of South African bilateral trade with the UK and the USA. Similar behaviour is not found using aggregate level data. Protection is shown to improve the trade balance in some cases, but not others. DA - 2007 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2007 T1 - Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship TI - Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship UR - http://hdl.handle.net/11427/8925 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/8925
dc.identifier.vancouvercitationTrappler D. Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2007 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/8925en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleAggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationshipen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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