汇率变动对产出的非对称效应——来自亚洲国家的证据

IF 1.3 Q3 ECONOMICS

International Trade Journal Pub Date : 2021-07-05 DOI:10.1080/08853908.2021.1940392

Salah A. Nusair

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引用次数: 2

摘要

本文考察了实际汇率变化对选定亚洲国家国内产出的不对称影响。为了解释不对称性，我们将货币升值和贬值分开，并使用非线性自回归分布滞后（NARDL）模型。利用年度数据（1973年至2018年），我们发现所有国家的实际汇率变化对国内产出的影响存在短期和长期不对称的证据。这意味着货币升值与货币贬值对各国产出的影响不同。总体而言，研究结果表明，在大多数情况下，货币升值和贬值都是收缩性的。

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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The Asymmetric Effects of Exchange Rate Changes on Output: Evidence from Asian Countries

ABSTRACT This article examines the asymmetric effects of real exchange rate changes on the domestic output of selected Asian countries. To account for asymmetries, we separate currency appreciation from depreciation and utilize the nonlinear autoregressive distributed lag (NARDL) model. Employing annual data (1973 to 2018), we find evidence of short-run and long-run asymmetries in the effects of real exchange changes on the domestic output of all the countries. This means that currency appreciations have different effects from currency depreciations on the output of the countries. Overall, the results suggest that both currency appreciations and depreciations are contractionary in most cases.

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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.