The impact of exchange rate volatility on trade: The evidence from Russia
This paper analyzes the effects of exchange rate volatility on exports and imports of a range of goods between Russia and its 70 trading partners from 2004 until 2018. The goods in question fall into eight product categories, as follows: (i) agricultural raw materials; (ii) chemicals; (iii) food; (...
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Voprosy Ekonomiki
2021
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oai:doaj.org-article:e4991ae941964a98884e2139563f1c1c2021-12-05T04:30:56ZThe impact of exchange rate volatility on trade: The evidence from Russia10.32609/j.ruje.7.579332405-4739https://doaj.org/article/e4991ae941964a98884e2139563f1c1c2021-12-01T00:00:00Zhttps://rujec.org/article/57933/download/pdf/https://rujec.org/article/57933/download/xml/https://rujec.org/article/57933/https://doaj.org/toc/2405-4739This paper analyzes the effects of exchange rate volatility on exports and imports of a range of goods between Russia and its 70 trading partners from 2004 until 2018. The goods in question fall into eight product categories, as follows: (i) agricultural raw materials; (ii) chemicals; (iii) food; (iv) fuels; (v) manufactured goods; (vi) ores and metals; (vii) textiles; and (viii) machinery and transport equipment. Exchange rate volatility is measured using the standard deviation of the first difference in the logarithmic daily nominal exchange rate. The paper concludes that exchange rate volatility had a negative impact on exports of agricultural raw materials, manufactured goods, and machinery and transport equipment. In contrast, it was found to have a positive and significant impact on trade in fuels and imports of chemicals and textiles.Irina TarasenkoVoprosy EkonomikiarticleEconomics as a scienceHB71-74ENRussian Journal of Economics, Vol 7, Iss 3, Pp 213-232 (2021) |
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Economics as a science HB71-74 |
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Economics as a science HB71-74 Irina Tarasenko The impact of exchange rate volatility on trade: The evidence from Russia |
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This paper analyzes the effects of exchange rate volatility on exports and imports of a range of goods between Russia and its 70 trading partners from 2004 until 2018. The goods in question fall into eight product categories, as follows: (i) agricultural raw materials; (ii) chemicals; (iii) food; (iv) fuels; (v) manufactured goods; (vi) ores and metals; (vii) textiles; and (viii) machinery and transport equipment. Exchange rate volatility is measured using the standard deviation of the first difference in the logarithmic daily nominal exchange rate. The paper concludes that exchange rate volatility had a negative impact on exports of agricultural raw materials, manufactured goods, and machinery and transport equipment. In contrast, it was found to have a positive and significant impact on trade in fuels and imports of chemicals and textiles. |
format |
article |
author |
Irina Tarasenko |
author_facet |
Irina Tarasenko |
author_sort |
Irina Tarasenko |
title |
The impact of exchange rate volatility on trade: The evidence from Russia |
title_short |
The impact of exchange rate volatility on trade: The evidence from Russia |
title_full |
The impact of exchange rate volatility on trade: The evidence from Russia |
title_fullStr |
The impact of exchange rate volatility on trade: The evidence from Russia |
title_full_unstemmed |
The impact of exchange rate volatility on trade: The evidence from Russia |
title_sort |
impact of exchange rate volatility on trade: the evidence from russia |
publisher |
Voprosy Ekonomiki |
publishDate |
2021 |
url |
https://doaj.org/article/e4991ae941964a98884e2139563f1c1c |
work_keys_str_mv |
AT irinatarasenko theimpactofexchangeratevolatilityontradetheevidencefromrussia AT irinatarasenko impactofexchangeratevolatilityontradetheevidencefromrussia |
_version_ |
1718372647426850816 |