|
|
|
|
| |
|
|
Ferto, Imre; Fogarasi, Jozsef. |
This paper explores the effect of exchange rate volatility and of the institutional quality on international trade flows of transition economies in Central European Countries by applying a gravity model of balance panel between 1999 and 2008. The results show that nominal exchange rate volatility has had a significant negative effect on trade by applying Psuedo- Maximum-Likelihood (PML) estimator method over this period. The institutional quality need to be improved in case of size of government and the quality of regulation. The negative effect of exchange rate volatility on agricultural exports suggests that joining Central European Countries to the euro zone can reduce the negative effects of exchange rate volatility on trade. |
Tipo: Conference Paper or Presentation |
Palavras-chave: International trade; Gravity model; Exchange rate volatility; Institutions; International Relations/Trade. |
Ano: 2011 |
URL: http://purl.umn.edu/114351 |
| |
|
| |
|
| |
|
| |
|
|
Kafle, Kashi R.; Kennedy, P. Lynn. |
This study documents the effect of exchange rate volatility and the real exchange rate on bilateral agricultural exports, imports and total trade (exports + imports) flows between the United States and OECD countries. The effect of exchange rate volatility is estimated both separately from and in combination with the real exchange rate. In addition, implementation of Free Trade Agreements (FTAs) and use of the Euro as a national currency (Euro) are included as dummy variables and their effects on trade flows are also determined. A panel data set, which contains 28 cross-sections and 1148 observations, is used for bilateral trade flows between the United States and OECD countries from 1970 to 2010. With an empirical model based on a gravity equation, the... |
Tipo: Presentation |
Palavras-chave: Bilateral agricultural trade; Exchange rate volatility; OECD¬ countries; Gravity equation; International Relations/Trade. |
Ano: 2012 |
URL: http://purl.umn.edu/119736 |
| |
|
|
|