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Correlation Between Trade Balance and Its Determinants. Global International
Economics Empirical Study of the Correlation between ...
... Interestingly, there is an inverse correlation between GNP per ... all aimed at increasing
cooperation between the grouped ... whether not to, open trade negotiations. ...
... As we can see the Correlation coefficient between ... the economic cooperation was sought
between the nations. ... research and Training network on Trade Working Paper ...
... to the global economy, supporting trade and investment ... zero show little or no
correlation between the stocks ... 1 show a strong parallelism between both performances ...
... (2) Opinions also bolstered the argument that trade unions could not improve ... However,
there are few clear correlation’s between economic and demographic ...
Submitted by suroboyoman on June 8, 2008
Category: Business
Words: 5048 | Pages: 21
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Global International Economics
Empirical Study of the Correlation between Trade Balance and its Determinants
Prepared by:
IBM Petra Christian University
Surabaya - Indonesia
Rony Kristianto – 34405005
Andrean Chris Taneka – 34405037
Tan Hendri Tejo Martono – 34405041
Heradi Taruatmaja Dirautama – 34405048
Daniel Azwin Hanafi – 34405050
International Business Program
Faculty of Economics
Petra Christian University
1. Background
In this increasingly borderless world, a country’s economic activities occur not only inside that country but also outside. Therefore, the international economics subject is established. Among many topics that international economics cover, trade balance is one of the vital aspects in studying international economic activities. Trade balance is a part of a country’s Balance of Payments. It refers to the balance of exports value subtracted by imports value in a country in a period of time. The trade balance of a country is theoretically determined by five factors which are inflation rates, exchange rates, trade policies, domestic country’s income and foreign country’s income. Further explanation about terms and theoretical relationships of those factors with trade balance will be exposed in the next chapter.
Our research objective in this paper is to test the correlation between trade balance and its determinants in Indonesia and Japan (as the trading partner) during the periods of 2003-2007. We specifically choose Japan as the trading partner in this research, as opposed to the rest of the world, because two of our independent variables (namely exchange rates and foreign country’s income) will be much more complicated if multilateral trading activities are chosen instead of bilateral ones. The reason is because in multilateral trading activities, we need to sum up all the exports and...
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