文章基本信息

标题：The Dynamic Effect of Exchange Rate Volatility on Pakistanâ€™s Exports: Application of VDC and IRF
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作者：Alam, Shaista
期刊名称：International Journal of Economics and Empirical Research (IJEER)
印刷版ISSN：2311-3871
电子版ISSN：2310-5232
出版年度：2015
卷号：3
期号：10
页码：507-525
出版社：The Economics and Social Development Organization (TESDO)
摘要：Purpose: The objectives of the present study is to investigate empirically the dynamic effect of exchange rate volatility along with other conventional determinants of export demand functions for Pakistan on the basis of quarterly time series data. The study builds an understanding of the nature and dynamic relationship between real export demand and its determinants. Methodology: The study uses forecast error variance decomposition based on a vector autoregressive (VAR) model to estimate real income of trading partners, relative price of export, real effective exchange rate and real effective exchange rate volatility. Findings: The main contribution of this study is to measure the dynamic variations of the determinants of export demand in the various time horizons. Recommendations: The other contribution is to quantify the responses of various shocks on export demand by employing impulse response functions (IRFs).
关键词：Exports demand; VAR; Pakistan