Exchange rate volatility and exports evidence from the ASEAN-China free trade area.

Chit, Myint Moe (2008) Exchange rate volatility and exports evidence from the ASEAN-China free trade area. Journal of Chinese Economics and Business Studies, 6 (3). pp. 261-277. ISSN 1476-5284

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Abstract

This paper examines the impact of exchange rate volatility on the bilateral exports within the ASEAN-China Free Trade Area (ACFTA) by using a generalized gravity model. A panel data set of 20 bilateral observations for the period from 1982:Q1 to 2005:Q1 is estimated using fixed-effect and random effect methods. Panel unit-roots and panel cointegration tests confirm the long-run relationship among the variables. The empirical results suggest that bilateral real exchange rate volatility has a statistically significant negative impact on the bilateral exports of the major ACFTA countries. But the magnitude of the impact appears to be fairly small.

Item Type:Article
Keywords (uncontrolled):ACFTA; trade; exchange rate volatility
Research Areas:Middlesex University Schools and Centres > Business School > Economics and International Development
ID Code:4106
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Deposited On:19 Feb 2010 13:40
Last Modified:15 Oct 2013 10:04

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