Exchange Rate Volatility and Trade among the Asia Pacific Countries

SaangJoon Baak

No 724, Econometric Society 2004 Far Eastern Meetings from Econometric Society

Abstract: The purpose of this paper is to investigate the impact of exchange rate volatility on exports among 14 Asia Pacific countries, where various measures to raise the intra-region trade are being implemented. The empirical tests using annual data for the period from 1980 to 2002 detect a significant negative impact of exchange rate volatility on the volume of exports. In addition, the test results indicate that the GDP of the importing country, the depreciation of the exporting country’s currency value, the use of the same language and the membership of APEC have positive impacts on exports, while the distance between trading countries have negative impacts.

Keywords: Exchange rate volatility; Export; Asia Pacific region; APEC; Gravity model (search for similar items in EconPapers)
JEL-codes: C2 F1 F3 (search for similar items in EconPapers)
Date: 2004-08-11
New Economics Papers: this item is included in nep-ifn
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Citations: View citations in EconPapers (24)

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Persistent link: https://EconPapers.repec.org/RePEc:ecm:feam04:724

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