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Does exchange-rate v olatility a ff ect import fl ows in G-7 Countries ? E v idence from cointegration models
| Content Provider | Semantic Scholar |
|---|---|
| Author | Arize Shwiff |
| Copyright Year | 1998 |
| Abstract | This paper provides new evidence on the long-run relationship between imports and exchange-rate volatility in G-7 countries. The period examined is 1973 :2 through 1995 :1. Cointegration analyses are based on Johansen’s (1991, 1994) approach and robust single-equation methods of Stock and Watson (1993) and Phillips and Loretan (1991). In conformity with theoretical considerations, the results indicate that exchange-rate volatility has a significant negative effect on the volume of imports of most G-7 countries whereas for Canada, it is positive and significant. These findings are reasonably robust in terms of measures of exchange-rate volatility and different estimation methods. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.linguistics.routledge.com/routledge/journal/ae/pdfpapers/ae301001.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Conformity Ectomesenchymal Chondromyxoid Tumor Flumazenil Runge–Kutta methods Volatility |
| Content Type | Text |
| Resource Type | Article |
