Showing 1 - 10 of 10,592
This paper aims to quantify the impact of nominal exchange rate volatility on nominal trade flows with a particular focus on the Czech Republic. The paper shows that the magnitude of the impact differs when a dynamic model is used instead of static model.
Persistent link: https://www.econbiz.de/10010235255
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data, bilateral observations for five years during 1970-90 covering 186 countries, includes 300+ observations in which both countries use the same currency. I...
Persistent link: https://www.econbiz.de/10014152891
A foreign exchange rate is one factor that drives U.S. agricultural trade. Considering this fact, the impact of asymmetric exchange rate changes on U.S. agricultural trade with major trading partners are analyzed. We employ a nonlinear autoregressive distributed lag (NARDL) model to analyze the...
Persistent link: https://www.econbiz.de/10012870360
In this paper we investigate how supply and demand shocks in one country affect output volatility in other countries. While the evidence for cross-country transmission of demand shocks is mixed, we find that volatile supply in one country leads to larger imports and output volatility in other...
Persistent link: https://www.econbiz.de/10012960182
Persistent link: https://www.econbiz.de/10003550308
-à-vis Japan. The study is conducted by employing disaggregated trade data (3-digit level of SITC product) to avoid the aggregation … bias problem. The autoregressive distributed lag (ARDL) cointegration model is adopted in the empirical estimation, using … between Korea and Japan in both short run and long run. Nevertheless, the majority of industries are unaffected in the long …
Persistent link: https://www.econbiz.de/10012952368
The purpose of this study is to measure the sensitivity of traded quantities and trade unit values to agricultural production shocks. We develop a general equilibrium model of trade in which production shocks in exporting countries affect both traded quantities and trade unit values. The model...
Persistent link: https://www.econbiz.de/10011894372
This paper investigates the causal influence of export concentration on measures of aggregate volatility. Geographically disadvantaged countries often have a concentrated export structure which makes them more vulnerable to external shocks. Identifying causal effects of export concentration on...
Persistent link: https://www.econbiz.de/10009406700
Does trade openness systematically imply bigger governments, as proposed by Rodrik (1998)? This paper presents a novel and more refined explanation for when and why international trade may enlarge the public sector. We propose that trade openness is associated with bigger governments if (i) the...
Persistent link: https://www.econbiz.de/10012103413
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 dimension of 91 pairs of EU15 countries and with time...
Persistent link: https://www.econbiz.de/10013082345