On the trade impact of nominal exchange rate volatility

被引：116

作者：

Tenreyro, Silvana ^{[1
]}

机构：

[1] London Sch Econ, London WC2A 2AE, England

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 2007年 / 82卷 / 02期

基金：

英国经济与社会研究理事会;

关键词：

exchange rate volatility; trade; gravity equation; heteroskedasticity; Poisson regression; instrumental variable; GRAVITY; MODELS;

D O I：

10.1016/j.jdeveco.2006.03.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

What is the effect of nominal exchange rate variability on trade? I argue that the methods conventionally used to answer this perennial question are plagued by a variety of sources of systematic bias. I propose a novel approach that simultaneously addresses all of these biases, and present new estimates from a broad sample of countries from 1970 to 1997. The estimates indicate that nominal exchange rate variability has no significant impact on trade flows. (C) 2006 Elsevier B.V. All rights reserved.

引用

页码：485 / 508

页数：24

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