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Exchange Rate Volatility and Exports: The Case of Ireland

Fountas, Stilianos
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Identifiers
http://hdl.handle.net/10379/1431
https://doi.org/10.13025/23050
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Publication Date
1997-05
Keywords
Economics, Exchange rate volatility, Exports
Type
Working Paper
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Citation
Fountas, S. (1997). "Exchange Rate Volatility and Exports: The Case of Ireland" (Working Paper No. 016) Department of Economics, National University of Ireland, Galway.
Abstract
We use the techniques of cointegration and error-correction models to estimate long-run and short-run export demand functions for Ireland using quarterly data for the 1979-1993 period. We consider three determinants of exports: foreign income, relative prices, and exchange rate volatility. Our results indicate that exports depend significantly on foreign income and relative prices, in particular in the long run. Exchange rate uncertainty, proxied by exchange rate volatility, appears to depress export volume only in the short run according to our estimated error correction model.
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Publisher
National University of Ireland, Galway
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Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland
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Economics (Working Papers)