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Assessing the Exchange Rate Sensitivity of Bilateral Agricultural Trade in Visegrad Countries

Jana Šimáková ()
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Jana Šimáková: Department of Finance and Accounting, School of Business Administration, Silesian University

No 33, Working Papers from Silesian University, School of Business Administration

Abstract: This paper examines short-term and long-term effects of exchange rate changes on bilateral agricultural foreign trade in the Visegrad countries. Johansen cointegration test is employed to analyze the long-term relationship and VEC model to explore the short-term effects of exchange rate. Dataset covers period 1999 - 2014. Agricultural product groups are based on the SITC classification. Results show only some agricultural sectors significantly connected with exchange rate movements in the long-term. Effects of currency depreciation are ambiguous and cannot be generalized across the analyzed product categories but increasing in particular trade balances after currency depreciation dominates its decreasing.

Keywords: exchange rate; agricultural sector; trade balance; cointegration; Visegrad (search for similar items in EconPapers)
JEL-codes: F14 F31 Q17 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2016-08-16
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Persistent link: https://EconPapers.repec.org/RePEc:opa:wpaper:0033

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