Revisiting the nexus between exchange rate, exports and economic growth: further evidence from Asia

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dc.authoridRehman, Abdul/0000-0001-7809-5124
dc.authoridAhmad, Fayyaz/0000-0001-9038-0817
dc.contributor.authorZhu, Wei
dc.contributor.authorAhmad, Fayyaz
dc.contributor.authorDraz, Muhammad Umar
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorRehman, Abdul
dc.date.accessioned2025-03-07T20:21:24Z
dc.date.available2025-03-07T20:21:24Z
dc.date.issued2022
dc.departmentÇağ Üniversitesi
dc.description.abstractThe economic growth of developing countries has been associated with their exports, and the existing research suggests that exchange rates significantly influence the exports. This study used panel data to investigate the potential nexus of gross domestic product (GDP), exports and exchange rates in Asian countries over the period of 1981-2016. The results portray that nexus between exchange rate and exports holds true for Export-led Growth (ELG) and Growth-led Exports (GLE) hypotheses. This study used the Wald test under Vector Error Correction Model (VECM) with all necessary specifications tests to identify the possible nexus of variables, and applied the fixed effects model along with control variables. The results imply that an undervalued currency enhances exports and has a significant impact on economic growth. Additionally, the results of Fully Modified Ordinary Least Squares (FMOLS) model with financial crises dummy suggested that the estimations are robust. Keeping in view the aforementioned findings, a timely and balanced policy can play a pivotal role in improving the long term nexus of exchange rates, exports and economic growth.
dc.description.sponsorshipGansu Provincial Science and Technology Program [21CX6ZA056]
dc.description.sponsorshipThe study was supported by Gansu Provincial Science and Technology Program (Grant No. 21CX6ZA056).
dc.identifier.doi10.1080/1331677X.2022.2059692
dc.identifier.endpage7146
dc.identifier.issn1331-677X
dc.identifier.issn1848-9664
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85128751485
dc.identifier.scopusqualityQ1
dc.identifier.startpage7128
dc.identifier.urihttps://doi.org/10.1080/1331677X.2022.2059692
dc.identifier.urihttps://hdl.handle.net/20.500.12507/3376
dc.identifier.volume35
dc.identifier.wosWOS:000779545700001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofEconomic Research-Ekonomska Istrazivanja
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20241226
dc.subjectAsia
dc.subjectdeveloping countries
dc.subjecteconomic growth
dc.subjectexchange rates
dc.subjectexports
dc.titleRevisiting the nexus between exchange rate, exports and economic growth: further evidence from Asia
dc.typeArticle

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