In this paper we investigate the influence of market rivalry on firm-level exchange rate pass-through. Similar to Bloom et al. (2013), we define market rivalry as product market proximity, and expect the cross market spillovers, i.e., through leaked information or reputation, to affect...

Ghana’s external trade has remained in perpetual deficits over the three decades alongside depreciating domestic currency. This paper therefore examines the effect of real exchange rate (RER) movements on Ghana’s external trade performance, using a battery of times series models. The study...

We assess Ghana’s trade competitiveness against its major trading partners. In doing so, we compute the real effective exchange rate (REER) index using total trade weighted for the period 2006-2012. The paper further evaluates the volatility of REER and the extent to which variations are...

This paper examines the impact of bilateral real exchange rate volatility on real exports of five emerging East Asian countries among themselves as well as to thirteen industrialised countries. We explicitly recognize the specificity of the exports between the emerging East Asian and...

Previous studies have mostly focused on the relationship between macroeconomic shocks and trade balance adjustments of resource-rich countries while largely overlooked countries with trade composition of high resource-export and strong import-dependence such as Papua New Guinea. Utilising a...

Although theories suggest that exchange rate volatility negatively affect international trade yet empirical studies on this relationship have produced mixed results. Guided by the growing consensus in the literature that empirical results may be sensitive to the class of countries considered as...

The effect of exchange rate movement on trade has been studied widely for a long history. Most literatures focus on its impacts on firms' export performances, and the performances usually refer to the intensive and extensive margins of export. Adding to the existing studies, we explore how firms...

The objective of the paper is to investigate the effect of the exchange rate, exports, and domestic investment by adopting a comparative approach between the ECM and ARDL procedure for the case of the Tunisian economy during the period of study1966-2017. Our insights of Error Correction Model...

Pakistan’s economy has a history of facing continuous external sector shocks that often resulted in large exchange rate depreciations. Whether these depreciations have supported growth in exports from Pakistan or do more harm than providing any benefit to the economy is always a matter of...

The objective of this paper is to estimate price and demand trade elasticities of Economic and Monetary Community of Central African States (CEMAC). This work is done in a context where these countries, heavily dependents of natural resource rent, are facing a crisis due to the 2014 oil shock....