These findings provide no support for the existence of J-curve effect and Marshall-Lerner Condition in case of China.

The results show that real effective exchange rate has both negative and positive impacts on the trade balance in several sub-periods, and in turn, trade balance has same impact on real effective exchange rate for China. Then, using time-varying rolling window method to reexamine the dynamic fundamental relationship. Though, seeing structural changes in two series, we got the result those both long-run and short-run associations using full-sample data are wobbly, which proposes that the full-sample causation tests can’t be relied upon. The outcome shows that the real effective exchange rate and trade balance in China has no causal relationship. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the terms of use and privacy policies of the third party website that you are going to visit.This study inspects the fundamental relationship between the exchange rate and the trade balance in China. To the extent permissible by law, the Bank shall not be responsible for any damage or losses incurred or suffered by you arising out of or in connection with your use of the link. You use or follow this link at your own risk. The Bank does not have any control (editorial or otherwise) over the linked third party website and is not in any way responsible for the contents available therein.

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