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 [Article] (doi:10.1080/14765280802283543)


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: A. > Business School > Economics
Item ID: 4106
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Depositing User: Dr Myint Chit
Date Deposited: 19 Feb 2010 13:40
Last Modified: 13 Oct 2016 14:17

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