http://chineseinput.net/에서 pinyin(병음)방식으로 중국어를 변환할 수 있습니다.
변환된 중국어를 복사하여 사용하시면 됩니다.
Laetitia Paule Sokeng Dongfack,Hongbing Ouyang 세종대학교 경제통합연구소 2019 Journal of Economic Integration Vol.34 No.1
Time series data from 1980 to 2016 were analyzed in this paper in order to estimate the impact of the local currency (CFA franc) devaluation on the Cameroon’s Trade Balance. The estimation of short-run and long-run relationships between the variables using Johansen Cointegration and Vector Error Correction Model (VECM) as a mean to examine whether the Marshall-Lerner Condition (MLC) and the J-Curve phenomenon hold in the case of Cameroon gives mitigated results: Although the MLC is not met for this country, as the sum of the elasticities of demand for exports and imports is not greater than unity, the empirical analysis results provide evidence of the correction in the long-run of a prior deterioration of the trade balance at an adjustment speed of 81.17%, thus supporting the existence of the J-curve pattern.