Exchange-rate variability and industry trade flows between Malaysia and Japan

Aftab, M. and Syed, K.B.S. and Ahmad, Rubi and Ismail, Izlin (2016) Exchange-rate variability and industry trade flows between Malaysia and Japan. The Journal of International Trade & Economic Development, 25 (4). pp. 453-478. ISSN 0963-8199

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Official URL: http://dx.doi.org/10.1080/09638199.2015.1065901

Abstract

This research investigates the exchange-rate risk sensitivity of Malaysian bilateral trade flows with its important trading partner, Japan. To this end, bounds testing approach to co-integration is applied using industry level data over the monthly period 2000–2013. Findings suggest that above the one-third of the total co-integrated export (43.86%) and import (34.54%), industries experiences the ringgit/yen variability effect in the short run. However, this effect sustains in relatively less number of export (14.03%) and import (32.73%) industries in the long run. It is interesting to note that exchange-rate risk boosts trade flows in the majority of these affected industries.

Item Type: Article
Uncontrolled Keywords: Exchange-rate uncertainty; Bilateral trade; Malaysia; Japan; ARDL
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: Faculty of Business and Accountancy
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 24 Oct 2017 03:20
Last Modified: 26 Aug 2019 02:51
URI: http://eprints.um.edu.my/id/eprint/18082

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