ASSESSING THE EXCHANGE RATE SENSITIVITY OF CZECH BILATERAL AGRICULTURAL TRADE

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

ASSESSING THE EXCHANGE RATE SENSITIVITY OF CZECH BILATERAL AGRICULTURAL TRADE

Popis výsledku v původním jazyce

This paper examines the short term and long term effects of exchange rate changes on bilateral trade flows of agricultural products between the Czech Republic and its major trading partners (Austria, Germany, Italy, Poland and Slovakia). In accordance with the J-curve theory, the Johansen cointegration test was employed to analyse the long term relationship and a vector error correction model to explore the short term effects of Czech koruna exchange rate level. The dataset used in this study covers period from 1999:Q1 to 2013:Q4. Agricultural product groups are based on the SITC classification. Results show that if the Czech foreign trade in agricultural sector is disaggregated into particular product categories, there can be found only some sectors significantly connected with exchange rate movements in the long term. The effects of currency depreciation are less than ambiguous and cannot be generalized across the analysed product categories but increasing in particular trade balance

Název v anglickém jazyce

ASSESSING THE EXCHANGE RATE SENSITIVITY OF CZECH BILATERAL AGRICULTURAL TRADE

Popis výsledku anglicky

This paper examines the short term and long term effects of exchange rate changes on bilateral trade flows of agricultural products between the Czech Republic and its major trading partners (Austria, Germany, Italy, Poland and Slovakia). In accordance with the J-curve theory, the Johansen cointegration test was employed to analyse the long term relationship and a vector error correction model to explore the short term effects of Czech koruna exchange rate level. The dataset used in this study covers period from 1999:Q1 to 2013:Q4. Agricultural product groups are based on the SITC classification. Results show that if the Czech foreign trade in agricultural sector is disaggregated into particular product categories, there can be found only some sectors significantly connected with exchange rate movements in the long term. The effects of currency depreciation are less than ambiguous and cannot be generalized across the analysed product categories but increasing in particular trade balance

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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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 statě ve sborníku

ECONOMIC SCIENCE FOR RURAL DEVELOPMENT: 1. PRODUCTION AND COOPERATION IN AGRICULTURE 2. BIOECONOMY 3. FINANCE AND TAXES

ISBN

978-9984-48-187-6

ISSN

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e-ISSN

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Počet stran výsledku

12

Strana od-do

280-291

Název nakladatele

Latvia University of Agriculture

Místo vydání

Jelgava

Místo konání akce

Jelgava

Datum konání akce

23. 4. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000360011300028