학술저널
International Trade and Exchange Rate Variation
- 한국무역학회
- Journal of Korea Trade (JKT)
- Vol.11 No.2
-
2007.081 - 22 (22 pages)
- 14
This paper investigates the interrelationship between international trade and exchange rate variation, using U.S.-France bilateral data. Our particular attention in this study is paid to an estimation problem, in order to produce reliable econometric results, for the equation of the demand for commodity imports. The application of an OLS-based two-step approach provides statistically confident evidence on the negative relationship between unexpected exchange rate variation and bi-lateral trades in the case of U.S. imports from France.
Ⅰ. Introduction
Ⅱ. Consistent OLS estimation with a regressor measured by an ARCH model
Ⅲ. Empirical results
Ⅳ. Conclusions
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