THE EFFECT OF TERMS OF TRADE ON CURRENT ACCOUNT BALANCE: HARBERGER-LAURSEN-METZLER EFFECT IN ARABIC COUNTRIES
The contribution of this paper is investigating the Harberger-Laursen-Metzler effect in the context of 18 Arabic countries since it’s the first time to test it in Arabic countries over the period 2000-2017, and was tested by using the Westerlund (2007) co-integration and Dumitrescu-Hurlin (2012) cau...
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| Format: | Article |
| Language: | English |
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Journal of Smart Economic Growth
2019-03-01
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| Series: | Journal of Smart Economic Growth |
| Online Access: | https://jseg.ro/index.php/jseg/article/view/56 |
| _version_ | 1818082744192729088 |
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| author | Ayad Hicham |
| author_facet | Ayad Hicham |
| author_sort | Ayad Hicham |
| collection | DOAJ |
| description | The contribution of this paper is investigating the Harberger-Laursen-Metzler effect in the context of 18 Arabic countries since it’s the first time to test it in Arabic countries over the period 2000-2017, and was tested by using the Westerlund (2007) co-integration and Dumitrescu-Hurlin (2012) causality analysis in addition to the random effects model, empirical analysis shows that there is no evidence of HLM effect for all the samples in short run term and there is no long-run relationship between the variables, but there is a bi-directional causal relationship between terms of trade and current account balance in the middle income countries in the long run term. |
| first_indexed | 2024-12-10T19:26:58Z |
| format | Article |
| id | doaj.art-8f0c89612b054c2eb3a98373e2d5f1df |
| institution | Directory Open Access Journal |
| issn | 2537-141X |
| language | English |
| last_indexed | 2024-12-10T19:26:58Z |
| publishDate | 2019-03-01 |
| publisher | Journal of Smart Economic Growth |
| record_format | Article |
| series | Journal of Smart Economic Growth |
| spelling | doaj.art-8f0c89612b054c2eb3a98373e2d5f1df2022-12-22T01:36:20ZengJournal of Smart Economic GrowthJournal of Smart Economic Growth2537-141X2019-03-0141173056THE EFFECT OF TERMS OF TRADE ON CURRENT ACCOUNT BALANCE: HARBERGER-LAURSEN-METZLER EFFECT IN ARABIC COUNTRIESAyad Hicham0Department of Economics Sciences, the University center of MaghniaThe contribution of this paper is investigating the Harberger-Laursen-Metzler effect in the context of 18 Arabic countries since it’s the first time to test it in Arabic countries over the period 2000-2017, and was tested by using the Westerlund (2007) co-integration and Dumitrescu-Hurlin (2012) causality analysis in addition to the random effects model, empirical analysis shows that there is no evidence of HLM effect for all the samples in short run term and there is no long-run relationship between the variables, but there is a bi-directional causal relationship between terms of trade and current account balance in the middle income countries in the long run term.https://jseg.ro/index.php/jseg/article/view/56 |
| spellingShingle | Ayad Hicham THE EFFECT OF TERMS OF TRADE ON CURRENT ACCOUNT BALANCE: HARBERGER-LAURSEN-METZLER EFFECT IN ARABIC COUNTRIES Journal of Smart Economic Growth |
| title | THE EFFECT OF TERMS OF TRADE ON CURRENT ACCOUNT BALANCE: HARBERGER-LAURSEN-METZLER EFFECT IN ARABIC COUNTRIES |
| title_full | THE EFFECT OF TERMS OF TRADE ON CURRENT ACCOUNT BALANCE: HARBERGER-LAURSEN-METZLER EFFECT IN ARABIC COUNTRIES |
| title_fullStr | THE EFFECT OF TERMS OF TRADE ON CURRENT ACCOUNT BALANCE: HARBERGER-LAURSEN-METZLER EFFECT IN ARABIC COUNTRIES |
| title_full_unstemmed | THE EFFECT OF TERMS OF TRADE ON CURRENT ACCOUNT BALANCE: HARBERGER-LAURSEN-METZLER EFFECT IN ARABIC COUNTRIES |
| title_short | THE EFFECT OF TERMS OF TRADE ON CURRENT ACCOUNT BALANCE: HARBERGER-LAURSEN-METZLER EFFECT IN ARABIC COUNTRIES |
| title_sort | effect of terms of trade on current account balance harberger laursen metzler effect in arabic countries |
| url | https://jseg.ro/index.php/jseg/article/view/56 |
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