On the asymmetric effects of exchange rate uncertainty on China's bilateral trade with its major partners
Küçük Resim Yok
Tarih
2022
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Following recent advances in asymmetric impact of exchange rate volatility on trade flows, we assess the symmetric and asymmetric effects of exchange rate volatility on China's bilateral trade with each of its 21 trading partners. We find symmetric effects in only a few bilateral trade models. However, the asymmetric analysis which required using nonlinear models revealed short-run asymmetric effects in almost all export and import demand models and log-run significant asymmetric effects in 50% of the models. In almost all models, while increased volatility was found to hurt Chinese trade, decreased volatility was found to boost them, implying that stable exchange rate is beneficial for China's trade.(c) 2021 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.
Açıklama
Anahtar Kelimeler
Exchange rate uncertainty, China, 15 partners, Trade, Asymmetric analysis
Kaynak
Economic Analysis and Policy
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
73
