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AN ESTIMATION OF CHINESE RENMINBI EXCHANGE RATE IMPACT ON THE REAL EXPORTS OF INDONESIA TO THE US: IS THERE A J-CURVE?1

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Figure 1. The J-Curve Source: Krugman and Obstfeld (2006)
Table 1: PP Unit Roots Test for the Level and the First Differences: Indonesia-US
Figure 2. Impulse Response Function Source: Authors’ Calculations
Table 4:Variance Decomposition

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AN ESTIMATION OF CHINESE RENMINBI EXCHANGE RATE IMPACT ON THE REAL EXPORTS OF INDONESIA TO THE US: IS THERE A J-CURVE?1

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