[1] Adeniyi, O., Omisakin, O. & Oyinlola, A. (2011). Exchange rate and trade balances in West Africa Monetary zone: Is there a J-curve. International Journal of Applied Economics and Finance, 5 (3), 167-176.
[2] Aliyu, A & Shehu Mohammed Tijjani (2015). Asymmetric cointegration between exchange rate and trade balance in Nigeria, Cogent Economics &Finance (2015), 3: 1045213.
[3] Akosah, N.K & Adjepong, M.O (2017). Exchange Rate and External Trade Flows: Empirical Evidence of J-Curve Effect in Ghana, MPRA Paper No. 86640, posted 11 May 2018 13:25 UTC https://mpra.ub.uni-muenchen.de/86640/
[4] Atsegbua, L. A. (2012). The Nigerian oil and gas industry content development act 2010: An examination of its regulatory framework. OPEC Energy Review, 36, 479-494.http://dx.doi.org/10.1111/opec.2012.36.issue-4
[5] Augustine C. Arize, John Malindretos and Emmanuel U. Igwe (2017). Do Exchange Rate Changes Improve the Trade Balance: An Asymmetric Nonlinear Cointegration Approach, International Review of Economics and Finance, http://dx.doi.org/10.1016/j.iref.2017.02.007.
[6] Bahmani-Oskoee, M. and H. Fariditavana (2015), “Nonlinear ARDL Approach, Asymmetric Effects and the J-Curve”, Journal of Economic Studies, Vol. 42, pp. 519-530
[7] Bahmani-Oskoee, Mohsen, Halicioglu, Ferda, Asymmetric effects of exchange rate changes on Turkish bilateral trade balances. Economic System http://dx.doi.org/10.1016/j.ecosys.2016.07.001
[8] Bahmani-Oskoee, Mohsen, & Baek, Jungho. Do Exchange Rate Changes have Symmetric or Asymmetric Effects on the Trade Balance? Evidence from U.S.-Korea Commodity Trade. Journal of Asian Economics http://dx.doi.org/10.1016/j.asieco.2016.06.001
[9] Bahmani-Oskoee M, Karamelikli H, Japan-U.S. Trade Balance at Commodity Level and Asymmetric Effects of Yen-Dollar Rate, Japan and The World Economy (2018), https://doi.org/10.1016/j.japwor.2018.06.002
[10] Bahmani-Oskoee M, & Aftab, M (2018). Asymmetric effects of exchange rate changes on the Malaysia- China commodity trade. (In Press)
[11] Bhattarai, K. R. and M. K. Armah (2005), ‘The Effects of Exchange Rate on the Trade Balance in Ghana: Evidence from Cointegration Analysis’, Research Memorandum, No. 52.
[12] Buba, S., Ibrahim Al-jadi, S.M and Guza, G.M (2018). Asymmetric Co-integration between Exchange Rate and Trade Balance in Thailand, World Journal of Economic and Finance Vol. 4(1), pp. 075-084
[13] Bussiere, M. (2013), “Exchange rate Pass-through to Trade Prices: The Role of Nonlinearities and Asymmetries”, Oxford Bulletin of Economics and Statistics, Vol. 75, pp. 731-758.
[14] Chi, J. (2018). Asymmetric effects of exchange rate and income changes on maritime freight flows between Japan and the US, Transport Policy 69 (2018) 158–169
[15] Duasa, J. (2009). Asymmetric cointegration relationship between real exchange rate and trade variables: The case of Malaysia (MPRA Paper No. 14535). Retrieved from http://mora.ub.uni-muenchen.de/14535/
[16] Demian, C.-V., di Mauro, F., The exchange rate, asymmetric shocks and Asymmetric distributions, International Economics (2017), doi: 10.1016/j.inteco.2017.10.005.
[17] Dzanan, H and Masih, M (2017). Does currency depreciation necessarily result in positive trade balance? New evidence from Norway, https://mpra.ub.uni-muenchen.de/82103/
[18] Eke, I.C & Eke., F.A., & Obafemi, F.N (2015). Exchange Rate Behaviour and Trade Balances in Nigeria: An Empirical Investigation. International Journal of Humanities and Social Science, Vol. 5, No. 8(1)
[19] Igue, N. N., & Ogunleye, T. S. (2014). Impact of real exchange rate on trade balance in Nigeria. African Development Review, 26, 347–358. http://dx.doi.org/10.1111/afdr.v26.2
[20] Kodongo, O., Ojah, K. (2011). Real exchange rate, trade balance and capital flow in Africa. Journal of Economics and Business, 66 (2013) 22– 46.
[21] Michael, E.O, & Emeka, A (2017). An Empirical Analysis of the Impact of Exchange Rate Devaluation on Trade Balance of Nigeria: Vector Error Correction Model Approach, Asian Journal of Economics, Business and Accounting, 3(3): 1-15, 2017; Article no.AJEBA.33355 ISSN: 2456-639X
[22] Narayan, P.K., Smyth, R., (2005). Trade liberalization and Economic growth in Fiji: An empirical assessment using the ARDL approach. Journal of the Asia Pacific Economy 10, 96–115.
[23] Ogundipe, A. A., Ojeaga, P., & Ogundipe, O. M. (2013). Estimating the long run effects of exchange rate devaluation on the trade balance of Nigeria. European Scientific Journal, 9, 233–249.
[24] Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, 289–326
[25] Rose, A. K., and J. L. Yellen (1989), “Is There a J-curve?” Journal of Monetary Economics 24, 53-68.
[26] Sato, K., J. Shimizu, N. Shrestha and S. Zhang (2013) “Industry-specific Real Effective Exchange Rates and Export Price Competitiveness: The Cases of Japan, China and Korea,” Asian Economic Policy Review, Vol. 8, pp.298-321.
[27] Shin, Y., Yu, B.C. and M. Greenwood-Nimmo (2014), “Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework” in Sickels,, R. and Horrace, W. (Eds), “Festschrift in Honor of Peter Schmidt: Econometric Methods and Applications,” Springer, New York, NY, 281-314
[28] Tunaer Vural, B.M (2015). Effect of Real Exchange Rate on Trade Balance: Commodity Level Evidence from Turkish Bilateral Trade Data. Procedia Economics and Finance 38 (2016) 499 – 507.
[29] Umoru, D., & Oseme, A.S (2013). Trade Flows and Exchange Rate Shocks in Nigeria: An Empirical Result. Asian Economic and Financial Review, 2013, 3(7):948-977.
[30] Wang, C.H, Lin, C.A & Yang, C (2012). Short-run and long-run effects of exchange rate change on trade balance: Evidence from China and its trading partners, Japan and the World Economy 24 (2012) 266–273
