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Exchange Rate Volatility, the E.U. and Sectoral Exports: New Empirical Evidence from the Chemical Sector (1973-2005)

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  • Dimitrios Serenis
  • Paul Serenis

Abstract

This paper examines potential effect of exchange rate volatility for a set of eleven E.U. member countries (Austria Belgium, Denmark, France, Finland, Italy, Portugal, Greece, Netherlands, the U.K. and Sweden) for sectoral trade exports for two products belonging to the chemical sector during the period of 1973-2005. We examine the effects of exchange rate volatility by utilizing a measure of the standard deviation of the moving average of the logarithm of real exchange rate as a measure of exchange rate volatility. Overall our results have proved to be consistent with our past examinations which for the main part did estimate some small sectoral effects from volatility to exports. Further more the results of our estimation suggest a mixed relationship of volatility to trade.

Suggested Citation

  • Dimitrios Serenis & Paul Serenis, 2010. "Exchange Rate Volatility, the E.U. and Sectoral Exports: New Empirical Evidence from the Chemical Sector (1973-2005)," Research in World Economy, Research in World Economy, Sciedu Press, vol. 1(1), pages 47-55, November.
    • Handle: RePEc:jfr:rwe111:v:1:y:2010:i:1:p:47-55
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    References listed on IDEAS

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    1. Christopher M. Meissner, 2003. "Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era," American Economic Review, American Economic Association, vol. 93(1), pages 344-353, March.
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    3. George Hondroyiannis & P.A.V.B. Swamy & George Tavlas & Michael Ulan, 2008. "Some Further Evidence on Exchange-Rate Volatility and Exports," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 144(1), pages 151-180, April.
    4. Charalambos Pattichis & Chongcheul Cheong & Tesfa Mehari & Leighton Vaughan Williams, 2004. "Exchange rate uncertainty, UK trade and the euro," Applied Financial Economics, Taylor & Francis Journals, vol. 14(12), pages 885-893.
    5. Joseph Kargbo, 2006. "Exchange rate volatility and agricultural trade under policy reforms in South Africa," Development Southern Africa, Taylor & Francis Journals, vol. 23(1), pages 147-170.
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    Cited by:

    1. Julio Bicudo & Nnanna Azu, 2018. "Effects of Bilateral Real Exchange Rate on Sino-Nigeria Trade: An ARDL Cointegration Approach," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(7), pages 125-125, July.
    2. Ali Eren ALPER, 2017. "Exchange Rate Volatility and Trade Flows," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 3.

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