| Autor: |
Ha Tran Thi, Quang Dong Nguyen, Anh Duc Le |
| Jazyk: |
angličtina |
| Rok vydání: |
2024 |
| Předmět: |
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| Zdroj: |
International Journal of Economics and Financial Issues, Vol 15, Iss 1 (2024) |
| Druh dokumentu: |
article |
| ISSN: |
2146-4138 |
| DOI: |
10.32479/ijefi.17607 |
| Popis: |
This study examines the relationship between the exchange rate and the Vietnam-US trade balance by employing a combination of Autoregressive Distributed Lag (ARDL) and non-linear Autoregressive Distributed Lag (NARDL) approaches with disaggregated data from 21 industries from 2008 to 2022. The findings reveal that, in both ARDL and NARDL models, a real Vietnamese Dong (VND) depreciation does not significantly impact on the aggregated trade balance in the long-run. The results provide evidence of an asymmetric impact of the real exchange rate on the trade balance. These findings also suggest that the COVID-19 pandemic may have induced structural breaks in the relationship between exchange rates and trade balances, leading to increased sensitivity of trade balances to exchange rate movements. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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