Applying an asymmetric model, the study reported no evidence of J-curve phenomenon in case of India. In the short-run currency appreciation deteriorates the trade balance and currency depreciation improves it. In the long-run, again the similar response is observed, however, only the impact of currency depreciation is statistically significant. Increase in domestic demand deteriorates the trade balance by a greater magnitude than improvement is observed due to the decline in domestic demand conditions. Finally, foreign demand hike improves the trade balance relatively by a higher magnitude; however, the impact of a foreign demand decline is statistically insignificant. JEL Codes: F4, F41, F42

中文翻译：

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汇率变化对印度贸易平衡的影响：非对称非线性协整方法

应用非对称模型，该研究报告没有证据表明印度存在 J 曲线现象。在短期货币升值恶化贸易平衡和货币贬值改善它。从长期来看，同样会观察到类似的反应，但是，只有货币贬值的影响在统计上是显着的。国内需求的增加使贸易平衡恶化的程度大于由于国内需求状况下降而观察到的改善。最后，外需增长相对较大程度地改善了贸易平衡；然而，外国需求下降的影响在统计上是微不足道的。JEL 代码：F4、F41、F42