J 2017

Assessing Exchange Rate Sensitivity of Bilateral Agricultural Trade for the Visegrad Countries

ŠIMÁKOVÁ, Jana

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

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

United Kingdom of Great Britain and Northern Ireland

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

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
Změněno: 7/2/2020 10:58, RNDr. Daniel Jakubík

Abstract

V originále

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.