Period   1 0.000000 (0.00000) 2 -0.042719 (0.04398) 3 -0.015616 (0.04847) 4 0.016016 (0.05099) 5 0.038117 (0.05259) 6 0.048471 (0.05031) 7 0.050781 (0.04548) 8 0.049333 (0.04154) 9 0.047110 (0.04008) 10 0.045505 (0.04050)

Table 18: Impulse Response of Trade Balance Following Exchange Rate Shock : Effect of One S.D LREER innovation on LTRB.