Assessing the Exchange Rate Sensitivity of Bilateral Agricultural Trade in Visegrad Countries
Jana Šimáková ()
Additional contact information
Jana Šimáková: Department of Finance and Accounting, School of Business Administration, Silesian University
No 33, Working Papers from Silesian University, School of Business Administration
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
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://iivopf.cz/images/Working_papers/WPIEBRS2016/WPIEBRS_33_Simakova.pdf First version, 2016 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:opa:wpaper:0033
Access Statistics for this paper
More papers in Working Papers from Silesian University, School of Business Administration Contact information at EDIRC.
Series data maintained by David Jančar ().