U.K.-German Commodity Trade and Exchange-Rate Volatility: An Asymmetric Analysis

IF 1.3 Q3 ECONOMICS

International Trade Journal Pub Date : 2021-07-19 DOI:10.1080/08853908.2021.1947923

Mohsen Bahmani‐Oskooee, H. Karamelikli

引用次数: 3

Abstract

ABSTRACT We assess the response of trade flows between Britain and Germany to exchange rate volatility. When we estimated a linear model, we found short-run effects of volatility in 36 British exporting industries that lasted into the long run only in 23 industries. The comparable number for German exporting industries were 42 and 17, respectively. However, when we estimated a nonlinear model, we found short-run asymmetric effects of volatility in 54 British exporting industries that lasted into the long run in 38 industries. The comparable number for German exporting industries were 64 and 42, respectively. Almost all affected industries were small.

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英国-德国商品贸易与汇率波动的不对称分析

我们评估了英国和德国之间的贸易流动对汇率波动的反应。当我们估计线性模型时，我们发现波动对36个英国出口行业的短期影响，只有23个行业持续到长期。德国出口工业的可比数字分别为42和17。然而，当我们估计一个非线性模型时，我们发现54个英国出口行业的波动率的短期不对称效应在38个行业中持续到长期。德国出口工业的可比数字分别为64和42。几乎所有受影响的行业都是小型企业。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Trade Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The International Trade Journal is a refereed interdisciplinary journal published for the enhancement of research in international trade. Its editorial objective is to provide a forum for the scholarly exchange of research findings in,and significant empirical, conceptual, or theoretical contributions to the field. The International Trade Journal welcomes contributions from researchers in academia as well as practitioners of international trade broadly defined.