Aid for Trade Flows and Real Exchange Rate Volatility in Recipient-Countries

被引：3
|
作者：
Gnangnon, Sena Kimm [1 ]
机构：
[1] World Trade Org, Dept Dev Div, Rue Lausanne 154, CH-1211 Geneva 21, Switzerland
来源：
JOURNAL OF INTERNATIONAL COMMERCE ECONOMICS AND POLICY | 2022年 / 13卷 / 01期
关键词：
Aid for trade; real exchange rate volatility; export product diversification; institutional and governance quality; foreign direct investment inflows; terms of trade volatility; FOREIGN DIRECT-INVESTMENT; INTERNATIONAL FINANCIAL INTEGRATION; EXPORT DIVERSIFICATION; OUTPUT VOLATILITY; MANUFACTURED EXPORTS; 2-COUNTRY MODEL; RATE DYNAMICS; OPENNESS; FACILITATION; BENEFITS;
D O I：
10.1142/S1793993322500016
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper aims to contribute to the literature on the determinants of real exchange rate volatility by investigating the effect of Aid for Trade (AfT) flows on real exchange rate volatility in recipient-countries. The empirical findings show that over the full sample, AfT flows influence negatively the volatility of real exchange rate, with a lower reducing effect on Least developed countries (LDCs) compared to NonLDCs. The channels through which this effect materializes include export product concentration, institutional and governance quality, foreign direct investment inflows and terms of trade volatility. These results show that AfT flows clearly matter for real exchange rate volatility.
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页数：40
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