What happens when the Kiwi flies? Sectoral effects of exchange rate shocks on the New Zealand economy

Karagedikli, Özer; Ryan, Michael J.; Steenkamp, Daan; Vehbi, Tugrul

doi:10.1016/j.econmod.2015.10.034

Cited by 11 publications

(2 citation statements)

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“…The following (Bahmani-Oskooee et al , 2018; Bahmani-Oskooee and Baek, 2016; Hashmi et al , 2021) reveals the negative effect of exchange rate fluctuation on import at commodity level. Similarly, the ample of studies focusing on the exchange rate volatility and import and export at commodity level has revealed mixed evidence of volatility impacting commodities either positive or negative (for instance Karagedikli et al , 2016; Tunaer Vural, 2016; Sharma, 2016; Akay and Cifter, 2014; Bahmani-oskooee et al , 2014; Gupta and Varshney, 2021). Thereby exploring the bilateral trade at individual level is relevant.…”

Section: The Related Literaturementioning

confidence: 99%

Does exchange rate volatility influence import commodities of India-US? Evidence from ARDL approach

Gupta

Varshney

2021

SAJBS

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PurposeThe aim the study is to explore the impact of real exchange rate volatility and other macroeconomic variable such as price of import, industrial production and real exchange rate on 45 import commodities, considering global financial crisis period on India's import from the US. The empirical analysis at disaggregate level of import indicates the existence of both short-run and long-run effect in one-third importing commodities. The results show both positive and negative effect and causality among variables.Design/methodology/approachThe study uses E-GARCH model to gage the real exchange rate volatility, an autoregressive distributive lag (ARDL) bound test technique to discover the adequate short- and long-run relationships and Toda-Yamamoto causality method to analyze the causality among variables. The study uses the time period from 2002:M09 to 2019:M06.FindingsThe empirical analysis at disaggregate level of import indicates the existence of both short-run and long-run effect in one-third importing commodities. The results show both positive and negative effects and causality among variables.Practical implicationsThe finding of the study suggests that macroeconomic variables have significant role and could be important to undertake the small and medium scale industries in policymaking. Government may need to make decision for micro, small and medium enterprises (MSMEs) as their performance can bring change in the trade to compete globally by increasing and controlling the price of the import and defending the domestic competitiveness.Originality/valueThe study uses additional variable namely price of import and includes the global financial crisis period to measure dampening effect on each commodity by using robust econometric technique in context of emerging nation like India.

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Section: The Related Literaturementioning

confidence: 99%

Does exchange rate volatility influence import commodities of India-US? Evidence from ARDL approach

Gupta

Varshney

2021

SAJBS

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“…Asimismo, con datos de la misma fuente, se evidencia que para los países seleccionados el porcentaje promedio del total de la población ocupada en el sector es del 12,18%, es decir, el cuarto más importante después de otros servicios, comercio y agricultura. Además, estudios demuestran que el manufacturero es uno de los sectores más sensibles ante cambios de la política monetaria o tasa de cambio (Carlino y DeFina, 1998;Karagedikli et al, 2016;Sierra y Manrique, 2014).…”

Section: Introductionunclassified

Fusiones y adquisiciones en América Latina: un análisis de los factores macroeconómicos

Cortés

García

López

2018

ESPE

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Este estudio analiza la influencia de variables macroeconómicas, en especial del ciclo económico, sobre el número de fusiones y adquisiciones (FyA) en Latinoamérica entre 1995 y 2014. Utilizando los modelos PCSE y binomial negativo, se encuentra que las variables macroeconómicas en el país objetivo (target) tienen un efecto sobre las FyA y explican alrededor de un tercio del cambio en la actividad. Específicamente, se encuentra que el ciclo económico, la liquidez y la depreciación tienen un efecto positivo sobre dichas transacciones, mientras que la inflación tiene un efecto negativo. Además, se observa que el impacto del ciclo económico es mucho mayor cuando se trata de transacciones transfronterizas y que, corrigiendo problemas de asimetría del ciclo, durante las épocas de expansión la actividad de FyA es mayor comparativamente con períodos de recesión. mergers and acquisitions in Latin america: anaLyzing the inFLuence oF macroeconomic variabLes

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Oral interventions in the foreign exchange market: evidence from Australia

2021

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What happens when the Kiwi flies? Sectoral effects of exchange rate shocks on the New Zealand economy

Cited by 11 publications

References 10 publications

Does exchange rate volatility influence import commodities of India-US? Evidence from ARDL approach

Does exchange rate volatility influence import commodities of India-US? Evidence from ARDL approach

Fusiones y adquisiciones en América Latina: un análisis de los factores macroeconómicos

Oral interventions in the foreign exchange market: evidence from Australia

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