EFFECTS OF DEVALUATION IN A MACROECONOMETRIC MODEL FOR HUNGARY
It is widely believed that the exchange rate does not have an effect on foreign trade quantities in Hungary. In this paper¹ it is shown that, taking into account the taxes and subsidies linked to foreign trade variables, there is significant correlation between the exchange rate that is modified by...
Gespeichert in:
| Veröffentlicht in: | Acta oeconomica 1989-01, Vol.41 (3/4), p.293-311 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 311 |
|---|---|
| container_issue | 3/4 |
| container_start_page | 293 |
| container_title | Acta oeconomica |
| container_volume | 41 |
| creator | HALPERN, L. |
| description | It is widely believed that the exchange rate does not have an effect on foreign trade quantities in Hungary. In this paper¹ it is shown that, taking into account the taxes and subsidies linked to foreign trade variables, there is significant correlation between the exchange rate that is modified by these taxes and subsidies and trade volumes. When put into an econometric macromodel the effect of this relation is weakened considerably. The dynamic behaviour of central import control— i. e. the negative feedback between the import and the lagged foreign debts— is responsible for the neutralization of the exchange rate effect. |
| format | Article |
| fullrecord | <record><control><sourceid>jstor_proqu</sourceid><recordid>TN_cdi_proquest_miscellaneous_37019569</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>40729407</jstor_id><sourcerecordid>40729407</sourcerecordid><originalsourceid>FETCH-LOGICAL-g228t-9e58792ef601d0fabde71f3ccecc683bd86cc5d3561480e1d2f49ec97277fb6f3</originalsourceid><addsrcrecordid>eNpdzs1LwzAABfAgCs7pnyAEBG-FfKz5uAilS7dC20DtBE-lSxNZ6dbZrAf_ewvz5OW9y4_HuwELHAoREBbKW7BACOGAUU7vwYP3HUJEUMkX4E0liYqrd6gTuFYfUbaLqlQXMC1gBPMoLrWKdaFzVZVpDHO9VhlMdAm3u2ITlZ-P4M41vbdPf70Eu0RV8TbI9CaNoyz4IkRcAmlDwSWxjiHcItfsW8uxo8ZYY5ig-1YwY8KWhgyvBLK4JW4lrZGccO72zNEleL3unsfhe7L-Uh8P3ti-b052mHxNOcIyZHKGL_9gN0zjaf5WY4oEIwxRMavnq-r8ZRjr83g4NuNPvUKcyDnoL8iOVq0</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1308626038</pqid></control><display><type>article</type><title>EFFECTS OF DEVALUATION IN A MACROECONOMETRIC MODEL FOR HUNGARY</title><source>Jstor Complete Legacy</source><source>EZB-FREE-00999 freely available EZB journals</source><source>Periodicals Index Online</source><creator>HALPERN, L.</creator><creatorcontrib>HALPERN, L.</creatorcontrib><description>It is widely believed that the exchange rate does not have an effect on foreign trade quantities in Hungary. In this paper¹ it is shown that, taking into account the taxes and subsidies linked to foreign trade variables, there is significant correlation between the exchange rate that is modified by these taxes and subsidies and trade volumes. When put into an econometric macromodel the effect of this relation is weakened considerably. The dynamic behaviour of central import control— i. e. the negative feedback between the import and the lagged foreign debts— is responsible for the neutralization of the exchange rate effect.</description><identifier>ISSN: 0001-6373</identifier><identifier>EISSN: 1588-2659</identifier><language>eng</language><publisher>Budapest: Akadémiai Kiadó</publisher><subject>Debt ; Devaluation ; Export subsidies ; Exports ; Foreign exchange rates ; Hungary ; Import prices ; Imports ; International trade ; Investment subsidies ; Macroeconomics ; Tariffs ; Tax subsidies</subject><ispartof>Acta oeconomica, 1989-01, Vol.41 (3/4), p.293-311</ispartof><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/40729407$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/40729407$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,27846,57992,58225</link.rule.ids></links><search><creatorcontrib>HALPERN, L.</creatorcontrib><title>EFFECTS OF DEVALUATION IN A MACROECONOMETRIC MODEL FOR HUNGARY</title><title>Acta oeconomica</title><description>It is widely believed that the exchange rate does not have an effect on foreign trade quantities in Hungary. In this paper¹ it is shown that, taking into account the taxes and subsidies linked to foreign trade variables, there is significant correlation between the exchange rate that is modified by these taxes and subsidies and trade volumes. When put into an econometric macromodel the effect of this relation is weakened considerably. The dynamic behaviour of central import control— i. e. the negative feedback between the import and the lagged foreign debts— is responsible for the neutralization of the exchange rate effect.</description><subject>Debt</subject><subject>Devaluation</subject><subject>Export subsidies</subject><subject>Exports</subject><subject>Foreign exchange rates</subject><subject>Hungary</subject><subject>Import prices</subject><subject>Imports</subject><subject>International trade</subject><subject>Investment subsidies</subject><subject>Macroeconomics</subject><subject>Tariffs</subject><subject>Tax subsidies</subject><issn>0001-6373</issn><issn>1588-2659</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1989</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNpdzs1LwzAABfAgCs7pnyAEBG-FfKz5uAilS7dC20DtBE-lSxNZ6dbZrAf_ewvz5OW9y4_HuwELHAoREBbKW7BACOGAUU7vwYP3HUJEUMkX4E0liYqrd6gTuFYfUbaLqlQXMC1gBPMoLrWKdaFzVZVpDHO9VhlMdAm3u2ITlZ-P4M41vbdPf70Eu0RV8TbI9CaNoyz4IkRcAmlDwSWxjiHcItfsW8uxo8ZYY5ig-1YwY8KWhgyvBLK4JW4lrZGccO72zNEleL3unsfhe7L-Uh8P3ti-b052mHxNOcIyZHKGL_9gN0zjaf5WY4oEIwxRMavnq-r8ZRjr83g4NuNPvUKcyDnoL8iOVq0</recordid><startdate>19890101</startdate><enddate>19890101</enddate><creator>HALPERN, L.</creator><general>Akadémiai Kiadó</general><scope>IOIBA</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>19890101</creationdate><title>EFFECTS OF DEVALUATION IN A MACROECONOMETRIC MODEL FOR HUNGARY</title><author>HALPERN, L.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-g228t-9e58792ef601d0fabde71f3ccecc683bd86cc5d3561480e1d2f49ec97277fb6f3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1989</creationdate><topic>Debt</topic><topic>Devaluation</topic><topic>Export subsidies</topic><topic>Exports</topic><topic>Foreign exchange rates</topic><topic>Hungary</topic><topic>Import prices</topic><topic>Imports</topic><topic>International trade</topic><topic>Investment subsidies</topic><topic>Macroeconomics</topic><topic>Tariffs</topic><topic>Tax subsidies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>HALPERN, L.</creatorcontrib><collection>Periodicals Index Online Segment 29</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access & Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access & Build (Plan A) - APAC</collection><collection>Primary Sources Access & Build (Plan A) - Canada</collection><collection>Primary Sources Access & Build (Plan A) - West</collection><collection>Primary Sources Access & Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - Midwest</collection><collection>Primary Sources Access & Build (Plan A) - North Central</collection><collection>Primary Sources Access & Build (Plan A) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Acta oeconomica</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>HALPERN, L.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>EFFECTS OF DEVALUATION IN A MACROECONOMETRIC MODEL FOR HUNGARY</atitle><jtitle>Acta oeconomica</jtitle><date>1989-01-01</date><risdate>1989</risdate><volume>41</volume><issue>3/4</issue><spage>293</spage><epage>311</epage><pages>293-311</pages><issn>0001-6373</issn><eissn>1588-2659</eissn><abstract>It is widely believed that the exchange rate does not have an effect on foreign trade quantities in Hungary. In this paper¹ it is shown that, taking into account the taxes and subsidies linked to foreign trade variables, there is significant correlation between the exchange rate that is modified by these taxes and subsidies and trade volumes. When put into an econometric macromodel the effect of this relation is weakened considerably. The dynamic behaviour of central import control— i. e. the negative feedback between the import and the lagged foreign debts— is responsible for the neutralization of the exchange rate effect.</abstract><cop>Budapest</cop><pub>Akadémiai Kiadó</pub><tpages>19</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0001-6373 |
| ispartof | Acta oeconomica, 1989-01, Vol.41 (3/4), p.293-311 |
| issn | 0001-6373 1588-2659 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37019569 |
| source | Jstor Complete Legacy; EZB-FREE-00999 freely available EZB journals; Periodicals Index Online |
| subjects | Debt Devaluation Export subsidies Exports Foreign exchange rates Hungary Import prices Imports International trade Investment subsidies Macroeconomics Tariffs Tax subsidies |
| title | EFFECTS OF DEVALUATION IN A MACROECONOMETRIC MODEL FOR HUNGARY |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-28T20%3A05%3A41IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=EFFECTS%20OF%20DEVALUATION%20IN%20A%20MACROECONOMETRIC%20MODEL%20FOR%20HUNGARY&rft.jtitle=Acta%20oeconomica&rft.au=HALPERN,%20L.&rft.date=1989-01-01&rft.volume=41&rft.issue=3/4&rft.spage=293&rft.epage=311&rft.pages=293-311&rft.issn=0001-6373&rft.eissn=1588-2659&rft_id=info:doi/&rft_dat=%3Cjstor_proqu%3E40729407%3C/jstor_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1308626038&rft_id=info:pmid/&rft_jstor_id=40729407&rfr_iscdi=true |