Assessing Exchange Rate Sensitivity of Bilateral Agricultural Trade for the Visegrad Countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F17%3A00010985" target="_blank" >RIV/47813059:19520/17:00010985 - isvavai.cz</a>

Výsledek na webu

<a href="http://journals.sagepub.com/doi/abs/10.1177/0030727017726207?journalCode=oaga" target="_blank" >http://journals.sagepub.com/doi/abs/10.1177/0030727017726207?journalCode=oaga</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1177/0030727017726207" target="_blank" >10.1177/0030727017726207</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Assessing Exchange Rate Sensitivity of Bilateral Agricultural Trade for the Visegrad Countries

Popis výsledku v původním jazyce

This article examines the short- and long-term effects of exchange rate changes on bilateral agricultural foreign trade for the Visegrad countries. Data used in this study covered the period from 1999: Q1 to 2014: Q3 and were based on the Standard International Trade Classification. To distinguish the long-term effects from the short-term ones, the J-curve theory was applied. A Johansen cointegration test and a vector error correction model were also used. The analyses showed that food, live animals, beverages and tobacco commodities were significantly connected with exchange rate movements in the long term. The effects of currency depreciation were ambiguous. However, an improvement in particular trade balances was observed in most cases following currency depreciation. The J-curve pattern was confirmed only for the Czech Republic in the trade of food and live animals with Italy and Poland and for Hungary in the trade of beverages and tobacco with Italy.

Název v anglickém jazyce

Assessing Exchange Rate Sensitivity of Bilateral Agricultural Trade for the Visegrad Countries

Popis výsledku anglicky

This article examines the short- and long-term effects of exchange rate changes on bilateral agricultural foreign trade for the Visegrad countries. Data used in this study covered the period from 1999: Q1 to 2014: Q3 and were based on the Standard International Trade Classification. To distinguish the long-term effects from the short-term ones, the J-curve theory was applied. A Johansen cointegration test and a vector error correction model were also used. The analyses showed that food, live animals, beverages and tobacco commodities were significantly connected with exchange rate movements in the long term. The effects of currency depreciation were ambiguous. However, an improvement in particular trade balances was observed in most cases following currency depreciation. The J-curve pattern was confirmed only for the Czech Republic in the trade of food and live animals with Italy and Poland and for Hungary in the trade of beverages and tobacco with Italy.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název periodika

OUTLOOK ON AGRICULTURE

ISSN

0030-7270

e-ISSN

—

Svazek periodika

46

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

8

Strana od-do

195-202

Kód UT WoS článku

000410993700005

EID výsledku v databázi Scopus

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