UK-German Commodity Trade and Exchange-Rate Volatility: An Asymmetric Analysis
Küçük Resim Yok
Tarih
2022
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
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.
Açıklama
Anahtar Kelimeler
95 industries, asymmetry, euro-pound volatility, UK- German trade
Kaynak
International Trade Journal
WoS Q Değeri
N/A
Scopus Q Değeri
Q3
Cilt
36
Sayı
4