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Industry trade and exchange-rate fluctuations: Evidence from the U.S. and Chile

Bahmani-Oskooee, Mohsen; Harvey, Hanafiah; Hegerty, Scott W. - In: International Review of Economics & Finance 29 (2014) C, pp. 619-626

In recent years, research on the effects of currency movements on trade has used disaggregated data and error-correction and cointegration models. The resulting short-run and long-run estimates can be used to isolate not only specific industry responses, but also dynamic effects such as the “J...

Persistent link: https://www.econbiz.de/10011048269

Exchange rate volatility and domestic consumption: Evidence from Japan

Bahmani-Oskooee, Mohsen; Xi, Dan - In: Economic Systems 36 (2012) 2, pp. 326-335

In 1952, Alexander provided an argument that since inflationary effects of depreciation could shift income from workers to producers it could lead to a decline in aggregate domestic consumption. This was based on the assumption that wages do not adjust fully to inflation and labor has a high MPC...

Persistent link: https://www.econbiz.de/10010571869

Purchasing Power Parity in the BRICS and the MIST Countries: Sequential Panel Selection Method

Bahmani-Oskooee, Mohsen; Chang, Tsangyao; Lee, Kuei-Chiu - In: Review of Economics & Finance 4 (2014) Feburary, pp. 1-12

The Sequential Panel Selection Method (SPSM) procedure is applied to the real effective exchange rates of BRICS (Brazil, Russia, India, China, and South Africa) and MIST (Mexico, Indonesia, South Korea and Turkey) countries, using monthly data over the period 1994-2012. While several panel unit...

Persistent link: https://www.econbiz.de/10010927766

German-US Commodity Trade: Is there a J-Curve Effect?

Bahmani-Oskooee, Mohsen; Hajilee, Masoomeh - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 58 (2012) 4, pp. 327-353

The short-run and long-run effects of currency depreciation on the trade balance of Germany have been investigated by several studies. Studies that have used aggregate trade data between Germany and the rest of the world have been said to suffer from aggregation bias. Those that disaggregated...

Persistent link: https://www.econbiz.de/10010883600

The S-Curve: China versus Its Major Trading Partners

Bahmani-Oskooee, Mohsen; Zhang, Ruixin - In: Frontiers of Economics in China 8 (2013) 4, pp. 467-475

China has been accused of manipulating its currency to gain international competitiveness and enjoy a trade surplus. The S-Curve is a hypothesis that could be used to test the effectiveness of currency devaluation or depreciation. It claims that while future values of the trade balance and...

Persistent link: https://www.econbiz.de/10010888582

Exchange rate volatility and Spanish-American commodity trade flows

Bahmani-Oskooee, Mohsen; Harvey, Hanafiah; Hegerty, Scott W. - In: Economic Systems 38 (2014) 2, pp. 243-260

A number of recent studies have tested the impact of exchange rate volatility on trade flows, particularly for … to 2009, for 131 U.S. export industries and 88 import industries. We find that exchange rate volatility has short-run and … long-run effects in only a fraction of the cases, but that exports respond more to increased uncertainty than imports do …

Persistent link: https://www.econbiz.de/10010780723

The effects of exchange-rate volatility on commodity trade between the U.S. and Brazil

Bahmani-Oskooee, Mohsen; Harvey, Hanafiah; Hegerty, Scott W. - In: The North American Journal of Economics and Finance 25 (2013) C, pp. 70-93

-fueled currency appreciations. But while it is often thought that exchange-rate volatility hurts trade, the economic literature has … conclusions. First, while the majority of industries are not affected by volatility in the long run, an unexpectedly large share … industry sector: Brazilian exports of agricultural products are particularly harmed, while U.S. machinery imports are not …

Persistent link: https://www.econbiz.de/10010679168

The J-curve: Indonesia vs. Her Major Trading Partners

Bahmani-Oskooee, Mohsen; Harvey, Hanafiah - In: Journal of Economic Integration 24 (2009), pp. 765-777

Couple previous studies that have investigated the J-curve phenomenon for Indonesia, have employed aggregate trade data and provided mixed results. Given the aggregation bias embodied in using trade data between Indonesia and the rest of the world, we disaggregate Indonesian trade data by...

Persistent link: https://www.econbiz.de/10009415576

Purchasing power parity in transition countries: Panel stationary test with smooth and sharp breaks

Bahmani-Oskooee, Mohsen; Chang, Tsangyao; Wu, Tsung-Pao - In: International Journal of Financial Studies 3 (2015) 2, pp. 153-161

This study examines whether the long-run purchasing power parity (PPP) holds in transition economies (Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Romania and Russia) using monthly data over the 1995 - 2011 period. We apply a recently introduced panel stationary test, which...

Persistent link: https://www.econbiz.de/10011708979

The Effects of Exchange-Rate Volatility on Commodity Trade between the United States and Mexico

Bahmani-Oskooee, Mohsen; Hegerty, Scott W. - In: Southern Economic Journal 75 (2009) 4, pp. 1019-1044

to 2004, we analyze both the short- and long-term effects of volatility in the peso/dollar real exchange rate on Mexican … relationship. We find that increased volatility has short-term effects on the trade flows of most industries but that the long …

Persistent link: https://www.econbiz.de/10004965534