Exchange-rate variability and industry trade flows between Malaysia and Japan
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 o...
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| Main Authors: | , , , |
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| 格式: | Article |
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Taylor & Francis
2016
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| 主題: | |
| 在線閱讀: | http://eprints.um.edu.my/18082/ http://dx.doi.org/10.1080/09638199.2015.1065901 |
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| 總結: | 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. |
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