ŠIMÁKOVÁ, Jana. Assessing Exchange Rate Sensitivity of Bilateral Agricultural Trade for the Visegrad Countries. OUTLOOK ON AGRICULTURE. 2017, vol. 46, No 3, p. 195-202. ISSN 0030-7270.
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Basic information
Original name Assessing Exchange Rate Sensitivity of Bilateral Agricultural Trade for the Visegrad Countries
Authors ŠIMÁKOVÁ, Jana (703 Slovakia, guarantor, belonging to the institution).
Edition OUTLOOK ON AGRICULTURE, 2017, 0030-7270.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50202 Applied Economics, Econometrics
Country of publisher United Kingdom of Great Britain and Northern Ireland
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/47813059:19520/17:00010985
Organization unit School of Business Administration in Karvina
UT WoS 000410993700005
Keywords in English Exchange rate; agricultural sector; trade balance; cointegration; J-curve
Changed by Changed by: RNDr. Daniel Jakubík, učo 139797. Changed: 7/2/2020 10:58.
Abstract
This article examines the short- and long-term effects of exchange rate changes on bilateral agricultural foreign trade for the Visegrad countries. Data used in this study covered the period from 1999: Q1 to 2014: Q3 and were based on the Standard International Trade Classification. To distinguish the long-term effects from the short-term ones, the J-curve theory was applied. A Johansen cointegration test and a vector error correction model were also used. The analyses showed that food, live animals, beverages and tobacco commodities were significantly connected with exchange rate movements in the long term. The effects of currency depreciation were ambiguous. However, an improvement in particular trade balances was observed in most cases following currency depreciation. The J-curve pattern was confirmed only for the Czech Republic in the trade of food and live animals with Italy and Poland and for Hungary in the trade of beverages and tobacco with Italy.
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