Exchange rate volatility and trade: An empirical investigation from cross-country comparison
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Dosyalar
Tarih
2009
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
WILEY-BLACKWELL PUBLISHING, INC
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This paper investigates empirically the impact of exchange rate volatility on the trade flows of six countries over the quarterly period of 1980-2005. The impact of a volatility term on trade is examined by using an Engle-Granger residual-based cointegrating technique. The major results show that increases in the volatility of the real exchange rate, approximating exchange-rate uncertainty, exert a significant negative effect on trade for South Korea, Pakistan, Poland and South Africa and a positive effect for Turkey and Hungary in the long run.
Açıklama
WOS: 000272170800004
Anahtar Kelimeler
Kaynak
Afrıcan Development Revıew-Revue Afrıcaıne de Developpement
WoS Q Değeri
Q4
Scopus Q Değeri
Q1
Cilt
21
Sayı
3
