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A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international … trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries … exchange rate volatility, even after controlling for a host of features, including the endogenous nature of the exchange rate …
Persistent link: https://www.econbiz.de/10005666776
model with data panel analysis in assessing the impact of currency depreciation or appreciation on bilateral trade flows … negative relation between exchange rate volatility and trade flows. Given the current revaluation expectations, we find China … lead to a revaluation of the nominal exchange rate and increased exchange rate volatility. It appears a major overhaul of …
Persistent link: https://www.econbiz.de/10005648644
A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports … worldwide. Special attention was given to the econometric properties of the gravity model within a panel framework. Short and … long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility …
Persistent link: https://www.econbiz.de/10005494049
rate, volatility, gravity model, and panel data. …A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports … worldwide. Special attention was given to the econometric properties of the gravity model within panel framework. Short and long …
Persistent link: https://www.econbiz.de/10005513439
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international … trade. The panel data set I use includes bilateral observations for five years spanning 1970 through 1990 for 1986 countires … exchange rate volatility, even after controlling for a host of features, including the endogenuous nature of the exchange rate …
Persistent link: https://www.econbiz.de/10005190721
Persistent link: https://www.econbiz.de/10008575419
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Persistent link: https://www.econbiz.de/10005013202
Recently gravity trade models are applied to disaggregated trade data. Here many zeros are characteristic. In the presence of excess zeros usual Poisson Pseudo Maximum Likelihood (PPML) is still consistent, the variance covariance matrix however is invalid. Correct economic interpretation...
Persistent link: https://www.econbiz.de/10009326531
Persistent link: https://www.econbiz.de/10008591041