Economics at your fingertips  


Mohsen Bahmani-Oskooee (), Hanafiah Harvey and Scott Hegerty ()
Additional contact information
Hanafiah Harvey: Penn State University

Journal of Economic Development, 2012, vol. 37, issue 1, 1-27

Abstract: Even though numerous empirical studies have investigated the effects of the post-Bretton Woods increase in exchange-rate volatility, they have not reached a consensus whether this uncertainty universally reduces trade flows. As a result, recent studies have employed industry-level data to further isolate the causes of these ambiguous results. In this study, we investigate U.S. trade with South Korea, both at the bilateral level and for 96 U.S. export and 29 U.S. import industries. We find that exchange rate volatility has significant short-run effects on most industries¡¯ exports and imports. In the long run, however, only 16 exporting industries and seven importing industries are affected by volatility (some positively and some negatively). Most affected industries are small, as measured by their trade share.

Keywords: Exchange Rate Volatility; Industry Data; Korea; the United States (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Economic Development is currently edited by Sung Y. Park

More articles in Journal of Economic Development from Chung-Ang Unviersity, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sung Y. Park ().

Page updated 2019-10-12
Handle: RePEc:jed:journl:v:37:y:2012:i:1:p:1-27