Cover Image

Exchange-rate risk and exports: evidence from a set of transition economies

This article investigates the hypothesis that exchange-rate risk may have an effect on exports for a set of transition countries, namely, Belarus, Kazakhstan, Russia, and Ukraine. To assess this effect, although a two-step estimation approach has earned an extensive empirical record in the literatur...

Full description

Saved in:
Bibliographic Details
Main Authors: Hasanov, Akram Shavkatovich, Baharumshah, Ahmad Zubaidi
Format: Article
Language:English
Published: Taylor & Francis 2014
Online Access:http://psasir.upm.edu.my/id/eprint/37552/1/Exchange.pdf
http://psasir.upm.edu.my/id/eprint/37552/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.upm.eprints.37552
record_format eprints
spelling my.upm.eprints.375522015-09-16T23:36:01Z http://psasir.upm.edu.my/id/eprint/37552/ Exchange-rate risk and exports: evidence from a set of transition economies Hasanov, Akram Shavkatovich Baharumshah, Ahmad Zubaidi This article investigates the hypothesis that exchange-rate risk may have an effect on exports for a set of transition countries, namely, Belarus, Kazakhstan, Russia, and Ukraine. To assess this effect, although a two-step estimation approach has earned an extensive empirical record in the literature, a number of studies in this context do not appear to support this approach due to a potential generated regressor issue. This dissonance in a two-step estimation procedure seems to have been somewhat resolved by a relatively new branch of empirical approach that exploits a multivariate version of generalized autoregressive conditional heteroskedasticity in-mean models. The findings suggest that the effect of exchange-rate risk seems to be detrimental in Belarus and Ukraine. However, for Russia and Kazakhstan, which are heavily dependent on crude oil exports, the effect has been found to be indeterminate. Taylor & Francis 2014 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/37552/1/Exchange.pdf Hasanov, Akram Shavkatovich and Baharumshah, Ahmad Zubaidi (2014) Exchange-rate risk and exports: evidence from a set of transition economies. Problems of Economic Transition, 57 (1). pp. 80-101. ISSN 1061-1991; ESSN: 1557-931X 10.2753/PET1061-1991570105
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This article investigates the hypothesis that exchange-rate risk may have an effect on exports for a set of transition countries, namely, Belarus, Kazakhstan, Russia, and Ukraine. To assess this effect, although a two-step estimation approach has earned an extensive empirical record in the literature, a number of studies in this context do not appear to support this approach due to a potential generated regressor issue. This dissonance in a two-step estimation procedure seems to have been somewhat resolved by a relatively new branch of empirical approach that exploits a multivariate version of generalized autoregressive conditional heteroskedasticity in-mean models. The findings suggest that the effect of exchange-rate risk seems to be detrimental in Belarus and Ukraine. However, for Russia and Kazakhstan, which are heavily dependent on crude oil exports, the effect has been found to be indeterminate.
format Article
author Hasanov, Akram Shavkatovich
Baharumshah, Ahmad Zubaidi
spellingShingle Hasanov, Akram Shavkatovich
Baharumshah, Ahmad Zubaidi
Exchange-rate risk and exports: evidence from a set of transition economies
author_facet Hasanov, Akram Shavkatovich
Baharumshah, Ahmad Zubaidi
author_sort Hasanov, Akram Shavkatovich
title Exchange-rate risk and exports: evidence from a set of transition economies
title_short Exchange-rate risk and exports: evidence from a set of transition economies
title_full Exchange-rate risk and exports: evidence from a set of transition economies
title_fullStr Exchange-rate risk and exports: evidence from a set of transition economies
title_full_unstemmed Exchange-rate risk and exports: evidence from a set of transition economies
title_sort exchange-rate risk and exports: evidence from a set of transition economies
publisher Taylor & Francis
publishDate 2014
url http://psasir.upm.edu.my/id/eprint/37552/1/Exchange.pdf
http://psasir.upm.edu.my/id/eprint/37552/
_version_ 1643832011924701184
score 13.211869

Similar Items