An empirical investigation of factors affecting the trade balance of G-20 countries
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Tarih
2015
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
International Economic Society
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
During the last twenty years, economic literature has drawn attention to an encouraging role of efficient institutional implements on economic growth. Also, the world oil prices and real exchange rates inevitably are several important variables affecting many macroeconomic parameters of both developed and developing nations on their process of economic growth/development. This paper investigates the effects of institutional quality and of the world oil prices and real effective exchange rates on the trade balance in G-20 countries over the period 1996-2012. Using a static panel data approach, the results of this study demonstrate that the world oil prices, real effective exchange rates and institutional quality are crucial factors on trade balance for G-20 countries. This study also considers the effect of the 2008 Global Economic Crisis and confirms the negative effect of the 2008 crisis on trade balance for G-20 countries. © International Economic Society.
Açıklama
Anahtar Kelimeler
Institutions; Oil Prices; Panel Data Analysis; Real Effective Exchange Rates; Trade Deficit
Kaynak
International Journal of Economic Perspectives
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
9
Sayı
2
