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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/43728/1/MPRA_paper_43727.pdf original version (application/pdf)

Related works:
Working Paper: The impact of the real exchange rate on non-oil exports. Is there an asymmetric adjustment towards the equilibrium? (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:43728

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().