Export, Economic Integration and Exchange Rate Volatility in Turkey and Malaysia

Tajul Ariffin Masron and N.A.m Naseem

MPRA Paper from University Library of Munich, Germany

Abstract: Using annual data (1970-2004), this study re-examined the hypothesis that exchange rate volatility may dampen export demand in Malaysia and Turkey. In particular, this study attempts to investigate the impact of exchange rate volatility on exports after taking into consideration the presence of regional economic integration. In addition, the role of regional economic integration in promoting export is also of concern to this study. The empirical evidence demonstrates that despite the significant, minimal impact of membership to regional economic integration for both economies, regional integration remains an important and valid approach for future economic development for both economies. Meanwhile, similar to the findings of previous studies the impact of exchange rate volatility on exports is consistently negative. However, it is no longer significant in the case of Turkey.

Keywords: Export; Exchange rate volatility; Economic integration. (search for similar items in EconPapers)
JEL-codes: F14 F15 F31 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

Published in JOURNAL OF INTERNATIONAL FINANCE AND ECONOMICS 9.5(2009): pp. 42-54

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41519

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