Trade Sensitivity to Exchange Rates in the Context of Intra-Industry Trade /

This paper theoretically and empirically investigates export sensitivity to exchange rates in the context of intra-industry trade (IIT). It is assumed that more IIT implies a smaller elasticity of substitution among differentiated products and vice versa. The model presented suggests the gap in prod...

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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Oguro, Yoko
Rannpháirtithe: Fukao, Kyoji, Khatri, Yougesh
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2008.
Sraith:IMF Working Papers; Working Paper ; No. 2008/134
Rochtain ar líne:Full text available on IMF
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100 1 |a Oguro, Yoko. 
245 1 0 |a Trade Sensitivity to Exchange Rates in the Context of Intra-Industry Trade /  |c Yoko Oguro, Kyoji Fukao, Yougesh Khatri. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (20 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper theoretically and empirically investigates export sensitivity to exchange rates in the context of intra-industry trade (IIT). It is assumed that more IIT implies a smaller elasticity of substitution among differentiated products and vice versa. The model presented suggests the gap in production costs between two countries has an influence on IIT as well. Industry-level pane regressions of thirty-eight trading pairs provide strong empirical support for the idea that the exchange rate sensitivity of exports declines in concert with the extent of ITT. An obvious policy implication is that the effectiveness of exchange rates in addressing trade imbalances will diminish as the extent of IIT increases. 
538 |a Mode of access: Internet 
700 1 |a Fukao, Kyoji. 
700 1 |a Khatri, Yougesh. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/134 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/134/001.2008.issue-134-en.xml  |z IMF e-Library