The impact of real effective exchange rate on non-oil exports in Azerbaijan

Farida Valiyeva ()
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Farida Valiyeva: Central Bank of Azerbaijan Republic

No 2301, Working Papers from Central Bank of Azerbaijan Republic

Abstract: The paper examines the effect of the real effective exchange rate on non-oil exports in Azerbaijan. The estimation was carried out using the vector autoregressive (VAR) model using quarterly time series data for 2005-2022. The results show that the relationship between the real effective exchange rate and real non-oil export performance is not statistically significant. Although there was an inverse relationship between REM and non-oil exports in certain periods, this relationship disappeared after the shocks that occurred in the economy in different periods. Thus, these shocks to the economy have caused a disruption in the relationship between REM and non-oil exports.

Keywords: REER; non-oil exports; VAR (search for similar items in EconPapers)
JEL-codes: C32 F31 F40 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2023-01-12
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Persistent link: https://EconPapers.repec.org/RePEc:aze:wpaper:2301

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