Conditional Exchange‐Rate Volatility and the Volume of Foreign Trade: Evidence from Seven Industrialized Countries*

Arize, Augustine C.

doi:10.1002/j.2325-8012.1997.tb00017.x

Cited by 12 publications

(1 citation statement)

References 53 publications

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“…measures the response of the regressand in each period to departure from equilibrium condition. Equation (4) gives both the short-run dynamics and long-run relationship of variables in equation (1) (Arize, 1997). 14 The Schwarz Bayesian Criterion is a criterion for model selection among a class of parametric models.…”

Section: Methodsmentioning

confidence: 99%

Bank, Stock Market, and Economic Growth in Malaysia: An Empirical Study

Wong¹,

Kok²,

Cheuk³

2011

LBIBF

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This study examines the impact of bank development and stock market development on economic growth in Malaysia using time series data.The results of the long-run cointegrating vectors show that there is a long-run relationship between economic growth and its determinants. An increase in bank development or stock market development will lead to an increase in economic growth. Moreover, there is some evidence that stock market development is found to have a more influential impact on economic growth than bank development in the long run. The results of the error correction models show bank development and stock market development to have a significant impact on economic growth in the short run. Generally, bank development and stock market development are important to promote economic growth.

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Section: Methodsmentioning

confidence: 99%

Bank, Stock Market, and Economic Growth in Malaysia: An Empirical Study

Wong¹,

Kok²,

Cheuk³

2011

LBIBF

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Third-Country Exchange Rate Volatility and Pakistan-China Trade at the Commodity Level

Nosheen,

Handleeb,

Iqbal

et al. 2023

The International Trade Journal

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Asymmetric effect of exchange rate volatility on India's cross‐border trade: Evidence from global financial crisis and multiple threshold nonlinear autoregressive distributed lag model

Hashmi

Chang

Shahbaz

2020

Australian Economic Papers

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This paper examines the asymmetric effect of exchange rate volatility on India's cross‐border trade with its major trading partners: Japan, Germany, the United States, and China. We extend previous studies in two ways. First, we examine whether global financial crisis changes the asymmetric effect of exchange rate volatility on India's cross‐border trade. Next, we divide exchange rate volatility into quintiles and examine the effect of each quintile on cross‐border trade by using the multiple threshold nonlinear autoregressive distributed lag (MTNARDL) model. Our findings from standard nonlinear ARDL (NARDL) indicate that the asymmetric relationship between exchange rate volatility and cross‐border trade changes as a result of global financial crisis. In addition, findings from MTNARDL indicate that in short‐run, exchange rate volatility symmetrically affects India's cross‐border trade with all sample countries whereas in long‐run it asymmetrically affects cross‐border trade. Overall, these findings are very important for policy implications and open a new dimension to exchange rate volatility and trade flows.

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Conditional Exchange‐Rate Volatility and the Volume of Foreign Trade: Evidence from Seven Industrialized Countries*

Cited by 12 publications

References 53 publications

Bank, Stock Market, and Economic Growth in Malaysia: An Empirical Study

Bank, Stock Market, and Economic Growth in Malaysia: An Empirical Study

Third-Country Exchange Rate Volatility and Pakistan-China Trade at the Commodity Level

Asymmetric effect of exchange rate volatility on India's cross‐border trade: Evidence from global financial crisis and multiple threshold nonlinear autoregressive distributed lag model

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