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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:S-curve dynamics of trade in Africa
Authors:Bahmani-Oskooee, MohsenISNI
Gelan, AberaISNI
Ratha, ArtatranaISNI
Periodical:African Development Review
Geographic term:Africa
Subjects:balance of trade
terms of trade
exchange rates
Abstract:Two concepts summarize the short-run relationship between the trade balance and the terms of trade or the real exchange rate, the old concept known as the J-curve and a new concept that comes under the heading of the S-curve. The S-curve, introduced in 1994, basically claims that while the cross-correlation between past value of the trade balance and current value of the exchange rate is negative, the correlation is positive between the future value of trade balance and the current value of the exchange rate. In this paper the authors investigated the experiences of 20 African nations and found support for the S-curve in eight of them (Burundi, Côte d'Ivoire, Egypt, Gabon, Niger, Senegal, South Africa, Tanzania). Bibliogr., notes, ref., sum. [Journal abstract]