Does Real Exchange Rate Volatility Affect Sectoral Trade Flows?

被引：10
|
作者：
Caglayan, Mustafa [1 ]
Di, Jing [1 ]
机构：
[1] Univ Sheffield, Dept Econ, Sheffield S1 4DT, S Yorkshire, England
来源：
SOUTHERN ECONOMIC JOURNAL | 2010年 / 77卷 / 02期
关键词：
STATES BILATERAL TRADE; INTERNATIONAL-TRADE; RATE VARIABILITY; RATE UNCERTAINTY; FOREIGN-TRADE; TIME-SERIES; UNIT-ROOT; RATE RISK; EXPORTS; VOLUME;
D O I：
10.4284/sej.2010.77.2.313
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article investigates empirically the effect of real exchange rate volatility on sectoral bilateral trade flows between the United States and its top 13 trading partners. Our investigation also considers those effects on trade flows that may arise through changes in income volatility and the interaction between income and exchange rate volatilities. We provide evidence that (i) exchange rate volatility does not systematically affect sectoral trade flows, (ii) income volatility has little impact on trade flows, and (iii) the effect of the interaction term on trade flows is opposite that of exchange rate volatility, dampening its impact on trade flows.
引用
收藏
页码：313 / 335
页数：23
相关论文
共 50 条
  • [41] Remoteness and real exchange rate volatility
    Bravo-Ortega, Claudio
    Di Giovanni, Julian
    [J]. IMF STAFF PAPERS, 2006, 53 : 115 - 132
  • [42] On openness and real exchange rate volatility
    Holmes, Mark J.
    Bano, Sayeeda
    [J]. ECONOMICS BULLETIN, 2008, 6
  • [43] Does financial integration affect real exchange rate volatility and cross-country equity market returns correlation?
    Donadelli, Michael
    Paradiso, Antonio
    [J]. NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, 2014, 28 : 206 - 220
  • [44] Exchange rate regime, real exchange rate, trade flows and foreign direct investments: The case of Morocco
    Bouoiyour, J
    Rey, S
    [J]. AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT, 2005, 17 (02): : 302 - 334
  • [45] Does exchange-rate volatility affect import flows in G-7 countries? Evidence from cointegration models
    Arize, AC
    Shwiff, SS
    [J]. APPLIED ECONOMICS, 1998, 30 (10) : 1269 - 1276
  • [46] Exchange rate misalignments, capital flows and volatility
    Grossmann, Axel
    Orlov, Alexei G.
    [J]. NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, 2022, 60
  • [47] Order flows, news, and exchange rate volatility
    Froemmel, Michael
    Mende, Alexander
    Menkhoff, Lukas
    [J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2008, 27 (06) : 994 - 1012
  • [48] Exchange Rate Volatility and Tourist Flows into Turkey
    Agiomirgianakis, George
    Serenis, Dimitris
    Tsounis, Nicholas
    [J]. JOURNAL OF ECONOMIC INTEGRATION, 2014, 29 (04) : 700 - 725
  • [49] Remoteness and Real Exchange Rate Volatility
    Claudio Bravo-Ortega
    Julian Di Giovanni
    [J]. IMF Staff Papers, 2006, 53 (Suppl 1): : 115 - 132
  • [50] The Declining Impact of Exchange Rate Volatility on Trade
    Alexandra Hudson
    Bas Straathof
    [J]. De Economist, 2010, 158 : 361 - 372
12345