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Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship
Includes bibliographical references (leaves 44-46).
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| Main Author: | |
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| Format: | Thesis |
| Language: | English |
| Published: |
School of Economics
2014
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| _version_ | 1867613215821660160 |
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| access_status_str | Open Access |
| author | Trappler, Daniel |
| author_browse | Trappler, Daniel |
| author_facet | Trappler, Daniel |
| author_sort | Trappler, Daniel |
| collection | Thesis |
| description | Includes bibliographical references (leaves 44-46). |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/8925 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:36.207Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/8925 Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship Trappler, Daniel Economics Includes bibliographical references (leaves 44-46). 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. 2014-10-29T14:04:06Z 2014-10-29T14:04:06Z 2007 Master Thesis Masters MCom http://hdl.handle.net/11427/8925 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Economics Trappler, Daniel Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship |
| thesis_degree_str | Master's |
| title | Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship |
| title_full | Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship |
| title_fullStr | Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship |
| title_full_unstemmed | Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship |
| title_short | Aggregation bias, trade liberalisation and the J-curve in South Africa : exploring the bilateral real exchange rate - trade balance relationship |
| title_sort | aggregation bias trade liberalisation and the j curve in south africa exploring the bilateral real exchange rate trade balance relationship |
| topic | Economics |
| url | http://hdl.handle.net/11427/8925 |
| work_keys_str_mv | AT trapplerdaniel aggregationbiastradeliberalisationandthejcurveinsouthafricaexploringthebilateralrealexchangeratetradebalancerelationship |