Exchange-Rate Impact on the Industry-Level Trade Flows in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002690" target="_blank" >RIV/47813059:19520/14:#0002690 - isvavai.cz</a>
Result on the web
<a href="http://www.sciencedirect.com/science/article/pii/S2212567114003931/pdf?md5=b4f6a834736fd204ed37fb652799b107@pid=1-s2.0-S2212567114003931-main.pdf" target="_blank" >http://www.sciencedirect.com/science/article/pii/S2212567114003931/pdf?md5=b4f6a834736fd204ed37fb652799b107@pid=1-s2.0-S2212567114003931-main.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/S2212-5671(14)00393-1" target="_blank" >10.1016/S2212-5671(14)00393-1</a>

Result language
angličtina
Original language name
Exchange-Rate Impact on the Industry-Level Trade Flows in the Czech Republic
Original language description
The aim of this paper is to explore differences in the long term and short term relationship between bilateral exchange rate development of the Czech koruna and international trade flows with various groups of products. We consider the major trading partners of the Czech Republic (Germany, Slovakia, Poland, France, Italy and Austria) and selected product categories, determined on the basis of SITC classification over the period 1993 - 2013. We employ the Johannsen cointegration test to analyze the longterm relationship and a vector error correction model to explore the short term effects. Our findings suggest that most of product groups related with exchange rate in the long term. A positive effect of depreciation was revealed for most of the categories. The short term coefficient revealed almost no relationship.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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