Effects of Exchange Rate Volatility on Poland´s Trade Flows

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F13%3A%230002255" target="_blank" >RIV/47813059:19520/13:#0002255 - isvavai.cz</a>

Výsledek na webu

<a href="https://mme2013.vspj.cz/about-conference/conference-proceedings" target="_blank" >https://mme2013.vspj.cz/about-conference/conference-proceedings</a>

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Effects of Exchange Rate Volatility on Poland´s Trade Flows

Popis výsledku v původním jazyce

The aim of the paper is to investigate the impact of exchange rate volatility on bilateral trade flows between Poland and its major trading partners. It is expected that increased exchange rate volatility increases the risk of exporters and reduces foreign trade. For this purpose we employ extended trade gravity model approach. In the basic form of the gravity equation, trade volume between a pair of countries is modeled as an increasing function of their sizes (GDP) and decreasing function of the distance between the two countries. Additional factors included in extended model are population, dummies for common border, membership in EU and EMU and proxy for exchange rate volatility. The measure of exchange rate volatility is estimated by standard deviation. This paper explores relatioship between trade and exchange rate uncertainty using quarterly data over the period 1997:1 - 2012:2. In order to obtain objective results, we use panel data regression with 19 trading partners. Based on

Název v anglickém jazyce

Effects of Exchange Rate Volatility on Poland´s Trade Flows

Popis výsledku anglicky

The aim of the paper is to investigate the impact of exchange rate volatility on bilateral trade flows between Poland and its major trading partners. It is expected that increased exchange rate volatility increases the risk of exporters and reduces foreign trade. For this purpose we employ extended trade gravity model approach. In the basic form of the gravity equation, trade volume between a pair of countries is modeled as an increasing function of their sizes (GDP) and decreasing function of the distance between the two countries. Additional factors included in extended model are population, dummies for common border, membership in EU and EMU and proxy for exchange rate volatility. The measure of exchange rate volatility is estimated by standard deviation. This paper explores relatioship between trade and exchange rate uncertainty using quarterly data over the period 1997:1 - 2012:2. In order to obtain objective results, we use panel data regression with 19 trading partners. Based on

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 31st International Conference Mathematical Methods in Economics 2013

ISBN

978-80-87035-76-4

ISSN

—

e-ISSN

—

Počet stran výsledku

6

Strana od-do

909-914

Název nakladatele

College of Polytechnics Jihlava

Místo vydání

Jihlava

Místo konání akce

Jihlava

Datum konání akce

11. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—