UK-German Commodity Trade and Exchange-Rate Volatility: An Asymmetric Analysis

被引：7
|
作者：
Bahmani-Oskooee, Mohsen [1 ,2 ]
Karamelikli, Huseyin [3 ]
机构：
[1] Univ Wisconsin, Ctr Res Int Econ, POB 413, Milwaukee, WI 53201 USA
[2] Univ Wisconsin, Dept Econ, POB 413, Milwaukee, WI 53201 USA
[3] Karabuk Univ, Dept Econ, Karabuk, Turkey
来源：
INTERNATIONAL TRADE JOURNAL | 2022年 / 36卷 / 04期
关键词：
95; industries; asymmetry; euro-pound volatility; UK- German trade; RATE UNCERTAINTY; ERROR-CORRECTION; J-CURVE; COINTEGRATION; OPENNESS; MARKET; IMPACT; FLOWS;
D O I：
10.1080/08853908.2021.1947923
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：288 / 305
页数：18
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