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Malaysia-Japan Commodity Trade and Asymmetric Effects of Exchange Rate Changes

Mohsen Bahmani-Oskooee () and Muhammad Aftab

MPRA Paper from University Library of Munich, Germany

Abstract: Asymmetry analysis is a new norm in applied research and the link between the trade balance and the exchange rate is no exception. In this paper we investigate the asymmetric response of the trade balance of each of the 60 industries that trade between Malaysia and Japan. We find short-run asymmetric effects of exchange rate changes on the trade balance of 50 industries (including the two largest industries), short-run adjustment asymmetry in 47 industry, and short-run impact asymmetry in 30 industries. However, short-run asymmetric effects lasted into the long run only in limited number of industries. Results were industry-specific at best.

Keywords: Nonlinear ARDL; Asymmetry; 60 Industries; Malaysia; Japan (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int and nep-sea
Date: 2017-01-16, Revised 2017-08-18
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