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| Content Provider | Springer Nature Link |
|---|---|
| Author | Bahmani Oskooee, Mohsen Harvey, Hanafiah |
| Copyright Year | 2016 |
| Abstract | ASEAN, the Association of Southeast Asian Nations, was founded in 1967 and the Philippines is one of the founding members. Since it relies upon floating exchange rates, its trade flows could be affected by uncertainty introduced by such rates. Previous studies used aggregate trade flows of the Philippines with the rest of the world and did not find any significant effects of exchange rate uncertainty on its trade flows. Suspecting that those studies suffer from aggregation bias, in this paper we concentrate on its trade flows with its major partner, the U.S., and disaggregate these flows by commodity. We then investigate the sensitivity of 133 U.S. exporting industries to the Philippines and 64 U.S. importing industries from the Philippines to exchange rate uncertainty. We find that almost half of the commodity flows are affected in the short-run. The short-run effects last into the long run in 50 % of the affected industries. |
| Starting Page | 263 |
| Ending Page | 291 |
| Page Count | 29 |
| File Format | |
| ISSN | 16124804 |
| Journal | International Economics and Economic Policy |
| Volume Number | 14 |
| Issue Number | 2 |
| e-ISSN | 16124812 |
| Language | English |
| Publisher | Springer Berlin Heidelberg |
| Publisher Date | 2016-02-20 |
| Publisher Place | Berlin, Heidelberg |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Exchange rate volatility Industry level data The U.S The Philippines International Economics Economic Policy Macroeconomics/Monetary Economics//Financial Economics Public Finance |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics |
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