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Special Graduate Schools
Graduate School of International Studies
Department of International Trade
International Trade
3. Theses(Master)
DETERMINANTS OF TRADE BALANCE OF COTE D'IVOIRE
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | Felver Troy | - |
| dc.contributor.author | EBESSON AMESSAN AUGUSTIN | - |
| dc.date.accessioned | 2018-11-08T08:11:48Z | - |
| dc.date.available | 2018-11-08T08:11:48Z | - |
| dc.date.issued | 2018-02 | - |
| dc.identifier.other | 26133 | - |
| dc.identifier.uri | https://dspace.ajou.ac.kr/handle/2018.oak/11531 | - |
| dc.description | 학위논문(석사)--Graduate School of International Studies Ajou University :국제통상학과,2018. 2 | - |
| dc.description.tableofcontents | TABLE OF CONTENTS ACKNOWLEDGEMENTS i DEDICATION ii ABSTRACT iii TABLE OF CONTENTS iv LIST OF TABLES vi LIST OF ABBREVIATIONS vii CHAPTER 1: INTRODUCTION 1 1.1. Statement of the problem 3 1.2. Objectives of the study 4 1.3. Significance of the study 4 1.4. Research Questions 4 1.5. Structure of the research 4 CHAPTER 2: REVIEW OF COTE D’IVOIRE PERFORMANCE 5 2.1. Economy 5 2.2. Foreign trade 6 2.3. Foreign investments 7 2.4. Exchange rate 8 CHAPTER 3: REVIEW OF RELATED LITERATURE AND HYPOTHESIS 9 3.1. Theoretical framework 9 3.1.1. Theory of international trade 9 3.2. Empirical framework 10 3.2.1. Trade balance 10 3.2.2. Exchange rate 10 3.2.3. Domestic income 12 3.2.4. Foreign direct investment 12 3.3. Hypothetical framework 14 3.3.1. Hypothesis 1: 14 3.3.2. Hypothesis 2: 15 3.3.3. Hypothesis 3: 15 CHAPTER 4: MODEL, METHODOLOGY AND DATA SOURCES 16 4.1. Model 16 4.2. Methodology 16 4.2.1. Run a Unit root test 17 4.2.2. Test for Cointegration 17 4.3. Data Sources 18 CHAPTER 5: SUMMARY OF FINDINGS 20 5.1. Descriptive statistics of variables 20 5.2. Correlation matrix 21 5.3. Lag order selection 22 5.4. Unit roots test 23 5.5. Johansen Cointegration test 24 5.6. Vector Error Correction Model (VECM) test 25 5.7. Testing short run causality 26 5.8. Diagnostic check for model appropriateness 27 5.8.1. R-square and F-statistic check 27 5.8.2. Serial correlation check 27 5.8.3. Heteroskedasticity check: ARCH effect 27 5.8.4. Stability diagnostic check 27 CHAPTER 6: DISCUSSIONS AND RECOMMENDATIONS 28 6.1. Discussions 28 6.2. Recommendations 31 CONCLUSION 33 • Limitations 33 REFERENCES 35 APPENDIX 38 | - |
| dc.language.iso | eng | - |
| dc.publisher | Graduate School of International Studies Ajou University | - |
| dc.rights | 아주대학교 논문은 저작권에 의해 보호받습니다. | - |
| dc.title | DETERMINANTS OF TRADE BALANCE OF COTE D'IVOIRE | - |
| dc.type | Thesis | - |
| dc.contributor.affiliation | 아주대학교 국제대학원 | - |
| dc.contributor.department | 국제대학원 국제통상학과 | - |
| dc.date.awarded | 2018. 2 | - |
| dc.description.degree | Master | - |
| dc.identifier.localId | 800420 | - |
| dc.identifier.url | http://dcoll.ajou.ac.kr:9080/dcollection/jsp/common/DcLoOrgPer.jsp?sItemId=000000026133 | - |
| dc.subject.keyword | Trade balance | - |
| dc.subject.keyword | FDI | - |
| dc.subject.keyword | Exchange rate | - |
| dc.subject.keyword | Domestic income | - |
| dc.subject.keyword | Cointegration | - |
| dc.subject.keyword | VECM | - |
| dc.description.alternativeAbstract | ABSTRACT I analyze in this study the long run and short run determinants of Cote d’Ivoire balance of trade using VECM over the period 1980 – 2012. The dependent variable, trade balance is used as the difference between the total exports value and imports value. As explanatory variables, real effective exchange rate, foreign direct investment inflow and domestic income. One lag is used to run the regression and the results show that both FDI and domestic income positively and significantly affect trade balance in the long run, but REER has a negative and significant effect on trade balance in the long run. The test of the Wald-test shows no short run impact between the variables. The findings also confirm that in the long term, Cote d’Ivoire trade balance would worsen if the REER appreciates, which is likely to compromise the country trade surplus. They also confirm that increasing FDI inflow would increase the trade balance, and an improvement of the gross domestic income would improve the trade balance in the long term. | - |
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