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The aim of this paper is to analyze the effects of exchange rate volatility on international trade flows by using two … different approaches, the panel data analysis and fuzzy logic, and to compare the results. To a panel with the crosssection … in order to determine the effects of exchange rate volatility on bilateral trade flows of EU15 countries. The estimated …
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panel data set for the period 2003 to 2017 has been used. Based on the mixed evidence of the results of panel unit root … tests, Pooled Mean Group (PMG) and Panel Dynamic Ordinary Least Square (DOLS) techniques are applied. The outcome of the PMG … and Panel DOLS models justifies the theoretical background of the gravity model and suggests that all the basic gravity …
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