ŠIMÁKOVÁ, Jana. The exchange rate as a determinant of the development of foreign trade in the agri-food industry in the Visegrad region. Forum Scientiae Oeconomia. Dąbrowa Górnicza: Faculty of Applied Sciences of WSB University, Dąbrowa Górnicza, 2021, vol. 9, No 2, p. 5-21. ISSN 2300-5947. Available from: https://dx.doi.org/10.23762/FSO_VOL9_NO2_1.
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Basic information
Original name The exchange rate as a determinant of the development of foreign trade in the agri-food industry in the Visegrad region
Authors ŠIMÁKOVÁ, Jana (703 Slovakia, guarantor, belonging to the institution).
Edition Forum Scientiae Oeconomia, Dąbrowa Górnicza, Faculty of Applied Sciences of WSB University, Dąbrowa Górnicza, 2021, 2300-5947.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Poland
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/47813059:19520/21:A0000249
Organization unit School of Business Administration in Karvina
Doi http://dx.doi.org/10.23762/FSO_VOL9_NO2_1
Keywords in English agri-food sector; asymmetric effects; exchange rate; foreign trade; J-curve
Changed by Changed by: Miroslava Snopková, učo 43819. Changed: 12/4/2022 08:50.
Abstract
The majority of empirical studies assume the symmetric effects of exchange rate development on the trade balance. However, we follow more recent studies to show that there are distinctions to be made between the directions of changes inthe exchange rate. In this study, we assume that the effects can be asymmetrical in certain branches of the agri-food industry. This paper aims to evaluate the asymmetric effects of the exchange rate on foreign trade in the agri-food sector in the Visegrad region. For this purpose, we employ a non-linear auto-regressive distributed lag approach to incorporate the assumed asymmetries of exchange rate changes in a model of the J-curve pattern in the case of Czechia, Hungary, and Poland.The dataset on the SITC two-digit level covers the period between 2000 and 2018. The paper shows that there is a clear difference in the effects of appreciation and depreciation. The difference is not only in the direction, but also in the intensity, of the effects of exchange rate changes on the trade balances of food and live animals, dairy products and birds’ eggs, and animal oils and fats in Czechia; meat and preparations in Hungary; sugar, sugar preparations and honey and beverages in Poland.
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