Skip to main content

Does exchange-rate volatility affect import flows in G-7 Countries? Evidence from cointegration models

Buy Article:

$47.50 plus tax (Refund Policy)

This paper provides new evidence on the long-run relationship between imports and exchange-rate volatility in G-7 countries. The period examined is 1973:2 through 1995:1. Cointegration analyses are based on Johansen's (1991, 1994) approach and robust single-equation methods of Stock and Watson (1993) and Phillips and Loretan (1991). In conformity with theoretical considerations, the results indicate that exchange-rate volatility has a significant negative effect on the volume of imports of most G-7 countries whereas for Canada, it is positive and significant. These findings are reasonably robust in terms of measures of exchange-rate volatility and different estimation methods.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Publication date: 1998-10-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more