The Effect of the Exchange Rate on Industry-Level Trade Flows in Czechia

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F15%3A%230003664" target="_blank" >RIV/47813059:19520/15:#0003664 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.ekonomie-management.cz/download/1449656503_ad1a/11_THE+EFFECT+OF+THE+EXCHANGE+RATE.pdf" target="_blank" >http://www.ekonomie-management.cz/download/1449656503_ad1a/11_THE+EFFECT+OF+THE+EXCHANGE+RATE.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.15240/tul/001/2015-4-011" target="_blank" >10.15240/tul/001/2015-4-011</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Effect of the Exchange Rate on Industry-Level Trade Flows in Czechia

Popis výsledku v původním jazyce

This paper is the ?rst study to use the disaggregated data of the Czech foreign trade to examine the effect of exchange rate levels and volatility on trade ?ows. Czechia is the appropriate economy to study this phenomenon because it is heavily involved in foreign trade predominantly owned by international investors and has been applying a ?oating exchange rate arrangement for many years. We analyze the period from 1993 to 2013 and disaggregate the data according to trading partner and product category.While the effect of exchange rate level is examined by a modi?ed vector error correction model the effect of exchange rate volatility is analyzed through an extended gravity model. The detailed results obtained from empirical estimations clearly show that the relationship between exchange rates and foreign trade in Czechia does not completely correspond with the theoretical assumptions. We revealed that domestic currency depreciation worsens in the long-term trade balance in substantial

Název v anglickém jazyce

The Effect of the Exchange Rate on Industry-Level Trade Flows in Czechia

Popis výsledku anglicky

This paper is the ?rst study to use the disaggregated data of the Czech foreign trade to examine the effect of exchange rate levels and volatility on trade ?ows. Czechia is the appropriate economy to study this phenomenon because it is heavily involved in foreign trade predominantly owned by international investors and has been applying a ?oating exchange rate arrangement for many years. We analyze the period from 1993 to 2013 and disaggregate the data according to trading partner and product category.While the effect of exchange rate level is examined by a modi?ed vector error correction model the effect of exchange rate volatility is analyzed through an extended gravity model. The detailed results obtained from empirical estimations clearly show that the relationship between exchange rates and foreign trade in Czechia does not completely correspond with the theoretical assumptions. We revealed that domestic currency depreciation worsens in the long-term trade balance in substantial

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název periodika

E+M Ekonomie a Management

ISSN

1212-3609

e-ISSN

—

Svazek periodika

18

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

16

Strana od-do

150-165

Kód UT WoS článku

000368316100011

EID výsledku v databázi Scopus

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