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heteroscedasticity (GARCH) measure of real exchange rate volatility, the findings show that exchange rate volatility depresses exports in …This study estimated an error correction model of the impact of real effective exchange rate volatility on the … performance of non-traditional exports for Zambia between 1965 and 1999. Using a generalized autoregressive conditional …
Persistent link: https://www.econbiz.de/10009004209
period of 1994q3–2005q2. The results suggest thatthe real exchange rate volatility and misalignment have depressing effects … on the volume of trade, mainly exports in Uzbekistan. The Governments currency rationing policy was lessening the … volatility proving that the policy-induced changes in exchange rate has a stabilizing effect on trade flows. The implied …
Persistent link: https://www.econbiz.de/10005623237
exchange rate volatility on total exports for a panel of 42 developing countries from 1975 to 2004. The results show that both … real exchange rate misalignment and real exchange rate volatility affect negatively exports. The results also illustrate … that real exchange rate volatility is more harmful to exports than misalignment. These outcomes are corroborated by …
Persistent link: https://www.econbiz.de/10009223330
This paper reviews a part of the most important literature on the impact of exchange rate volatility over exports. The … second part reviews the effects of exchange rate volatility over exports volume in different circumstances. Currency … depreciation, normally, should stimulate exports, because they become cheaper to foreign products and by contrast, appreciation …
Persistent link: https://www.econbiz.de/10008833289
The present study examines the impact of R&D expenditure on market valuation of firm using Tobin’s q. The study uses firm level data for Indian manufacturing sector obtained from Prowess database of CMIE for the period 2001-2010. The study forms an unbalanced panel with 326 R&D incurring...
Persistent link: https://www.econbiz.de/10011259462
This paper examines whether research and development (R&D) intensity affects the firm’s financing decisions. We use a sample of European firms in the period 2002-2011. We argue that R&D asset has three fundamentals characteristics that make it different from ordinary investment and constrain...
Persistent link: https://www.econbiz.de/10011260341
The paper examines the association between corporate leverage and their investment in R&D. Towards this end, it develops certain testable propositions. These propositions are tested using a dataset of manufacturing firms in India covering the period 1995-2005. The estimates support the fact that...
Persistent link: https://www.econbiz.de/10011113201
This paper analyses empirically the purchasing power parity, the uncovered interest parity and the real interest parity (Fisher parity) between Poland and Germany. The international parity relations are investigated jointly within the cointegrated VAR framework. Our analysis fails to find...
Persistent link: https://www.econbiz.de/10008599102
This paper evaluates the performance of leading micro-founded pricing-to-market frictions vis-a-vis a set of robust stylized facts about international prices. In order to make that evaluation meaningful, we embed each friction into a unified IRBC framework and parameterize the models in a...
Persistent link: https://www.econbiz.de/10008516589
This paper was one of the first writings that appeared on the subject and presented at a local conference while pending publication with the Indian Economic Journal.After a brief Introduction, Section 2 discusses broadly the process used for generating the data used for analysis as also the...
Persistent link: https://www.econbiz.de/10008543803