Impact of Remittances on the Exchange Rate and Consumption: Evidence from Ukraine

IF 1.3 4区经济学 Q3 ECONOMICS

Eastern European Economics Pub Date : 2022-07-03 DOI:10.1080/00128775.2022.2093751

I. Oleksiv, D. Mirzoieva

引用次数: 4

Abstract

ABSTRACT This study analyzes the influence of remittances on the exchange rate and consumption, applying the Granger test and ARDL/ECM models to investigate different aspects of such impact. Using the Granger test, we tested causalities between remittance inflows, exchange rate, consumption, export, and import. The Granger test showed causal relations between remittances and all other listed variables. We also found that remittances contributed to the exchange rate appreciation in the short and long-term perspectives by applying ARDL/ECM models. Additionally, the ARDL/ECM models showed that the exchange rate was significantly defined by its lagged values.

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汇款对汇率和消费的影响：来自乌克兰的证据

摘要本研究分析了汇款对汇率和消费的影响，应用Granger检验和ARDL/ECM模型从不同方面研究了汇款对外汇和消费的不同影响。使用格兰杰检验，我们检验了汇款流入、汇率、消费、出口和进口之间的因果关系。格兰杰检验显示汇款和所有其他列出的变量之间存在因果关系。我们还发现，通过应用ARDL/ECM模型，汇款在短期和长期角度都有助于汇率升值。此外，ARDL/ECM模型表明，汇率在很大程度上是由其滞后值决定的。

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

Eastern European Economics ECONOMICS-

CiteScore

2.20

自引率

9.10%

发文量

期刊介绍： Eastern European Economics publishes original research on the newly emerging economies of Central and Eastern Europe, with coverage of the ongoing processes of transition to market economics in different countries, their integration into the broader European and global economies, and the ramifications of the 2008-9 financial crisis. An introduction by the journal"s editor adds context and expert insights on the articles presented in each issue.