How Sensitive Are Malaysia's Bilateral Trade Flows to Depreciation?

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作者:

Bahmani-Oskooee, Mohsen; Harvey, Hanafiah

作者關係機構:

U WI, Milwaukee; U WI, Milwaukee

資料來源:

Applied Economics, June 2006, v. 38, iss. 11, pp. 1279-86

出版日期:

June 2006

摘要:

In an attempt to assess the impact of currency depreciation on the trade balance, recent studies are employing disaggregated trade data to avoid aggregation bias. However, since import and export prices are not available at disaggregated level, recent studies are using export and import values rather than their volumes so that they can establish direct relation between inpayments and theexchange rate as well as between outpayments and the exchange rate. This study explores the experience of Malaysia. Bilateral inpayments and outpayments models are estimated between Malaysia and her 14 trading partners using quarterly data and bound testing approach to cointegration. The results show that while real depreciation of the ringgit has short-run effects, in the long-run it increases Malaysia's inpayments from only five trading partners.

描述項:

Empirical Studies of Trade (F14)
Foreign Exchange (F31)
International Linkages to Development; Role of International Organizations (O19)

關鍵字:

Exchange Rate; Exports; Import; Trade

地理位置描述項:

Malaysia; Selected Countries

Geographic Region:

Asia

ISSN:

00036846

出版品類型:

Journal Article

有無:

http://0-www.tandfonline.com.cylis.lib.cycu.edu.tw/loi/raec20

更新代碼:

200611

入藏號碼:

0868914