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Some evidence on the countercyclicality of the trade balance

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  • Liam Lenten
  • Imad Moosa

Abstract

The cyclical behaviour of the trade balance is examined using quarterly data for eight countries covering the period 1960:1-1995:3. Two methods are employed: the calculation of the correlation coefficient between the HP-filtered series and the estimation of a structural time series model. Both methods produce results which are supportive of the hypothesis of countercyclicality of the trade balance.

Suggested Citation

  • Liam Lenten & Imad Moosa, 1999. "Some evidence on the countercyclicality of the trade balance," Applied Economics Letters, Taylor & Francis Journals, vol. 6(6), pages 359-360.
    • Handle: RePEc:taf:apeclt:v:6:y:1999:i:6:p:359-360
    DOI: 10.1080/135048599353078
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    References listed on IDEAS

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    1. Harvey, A C & Jaeger, A, 1993. "Detrending, Stylized Facts and the Business Cycle," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 8(3), pages 231-247, July-Sept.
    2. Cogley, Timothy & Nason, James M., 1995. "Effects of the Hodrick-Prescott filter on trend and difference stationary time series Implications for business cycle research," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 253-278.
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