The Role of the Exchange Rate in Hungarian Foreign Trade at Commodity Level
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002819" target="_blank" >RIV/47813059:19520/14:#0002819 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Role of the Exchange Rate in Hungarian Foreign Trade at Commodity Level
Original language description
Previous studies that assessed the impact of currency depreciation on Hungarian trade balance did not find much clear results. We wonder whether these mixed conclusions are due to aggregation bias. Recent studies concerned on the impact of currency depreciations on international trade, have shifted from partner-level trade to examining industry-level trade. Therefore, the aim of this paper is to investigate the impact of exchange rate development of the Hungarian forint on different traded product groups. Examined industries are determined on the basis of SITC classification. We employ the cointegration test to analyse the long run relationship. Short run effects are explored by estimating an error correction model and impulse response functions. We used quarterly data over the period 1997-2013. Our findings suggest that depreciation of Hungarian forint is supposed to improve most of the industry-level trade balances. Short term coefficient do not follow any specific pattern.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
O - Projekt operacniho programu
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 8th International Conference on Currency, Banking and International Finance
ISBN
978-80-225-4034-6
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
401-410
Publisher name
EKONÓM
Place of publication
Bratislava
Event location
Bratislava, Slovensko
Event date
Sep 10, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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