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Exchange rate uncertainty and export performance: what meta-analysis reveals?

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  • Bouoiyour, Jamal
  • Selmi, Refk

Abstract

Are exchange rate uncertainty affect export performance? This paper assesses this question using meta-analysis on a sample of 56 studies from 1984 to 2013 for the purpose of cumulating the findings across studies in order to reconcile the conflicting results of prior researches. The total sample meta-analysis lends stronger support of the association of risk aversion and hedging instruments with the controversial relation between exchange volatility and exports widely expected either theoretically or empirically. Then, subgroup meta- analysis is used to provide further evidence on the results already obtained by decomposing our sample into four subgroups depending to the nature of countries and the models explored to determine volatility. The evidence from subgroups is not supportive of this association. Furthermore and contrary to expectations, neither differential price volatility, nor asymmetry, nor nonlinearities are significantly linked to conflicting results.

Suggested Citation

  • Bouoiyour, Jamal & Selmi, Refk, 2013. "Exchange rate uncertainty and export performance: what meta-analysis reveals?," MPRA Paper 49249, University Library of Munich, Germany, revised Aug 2013.
    • Handle: RePEc:pra:mprapa:49249
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    References listed on IDEAS

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    Cited by:

    1. Jamal Bouoiyour & Refk Selmi, 2015. "Exchange volatility and trade performance in Morocco and Tunisia: what have we learned so far?," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 8(3), pages 244-274, November.
    2. Pabai Fofanah, 2020. "Impact of real exchange rate fluctuations on aggregate cocoa and coffee exports in Sierra Leone," Journal of Economics and Behavioral Studies, AMH International, vol. 12(2), pages 34-56.

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    More about this item

    Keywords

    Exchange rate uncertainty; exports; meta-analysis.;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • F1 - International Economics - - Trade

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