The impact of the real exchange rate on non-oil exports. Is there an asymmetric adjustment towards the equilibrium?

Fakhri Hasanov ()

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates the impact of the real exchange rate on the non-oil exports of the Republic of Azerbaijan in the framework of cointegration and an asymmetric error correction. Threshold and Momentum Threshold Autoregressive methods are applied over the quarterly period 2000Q1-2010Q4. The main finding of the study is that there is a long-run relationship between the variables with symmetric rather than asymmetric adjustment towards the equilibrium level.

Keywords: Asymmetric adjustment; Threshold autoregressive; Momentum-threshold autoregressive; Exchange Rate; Non-oil Export; Azerbaijan Economy (search for similar items in EconPapers)
JEL-codes: C32 (search for similar items in EconPapers)
Date: 2012-05-10
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Citations: View citations in EconPapers (1)

Published in The George Washington University, RPF Working Paper No. 2012-005 (2012): pp. 1-24

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Related works:
Working Paper: The impact of the real exchange rate on non-oil exports. Is there an asymmetric adjustment towards the equilibrium? (2012)
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