IDEAS home Printed from https://ideas.repec.org/p/nsb/wpaper/16.html
   My bibliography  Save this paper

Long-run Exchange Rate Sensitivity of Serbian Exports and Imports

Author

Listed:
  • Nikola Tasic

    (National Bank of Serbia)

  • Miroslav Zdravkovic

    (National Bank of Serbia)

Abstract

Motivated by the theory that suggests that Serbian exporters bear a burden of “strong” dinar, this paper investigates the relationship between exchange rate and foreign trade. The contribution of this paper is the estimate of the long-run impact of exchange rate on exports and imports for several industry groups. The estimated elasticity of exports with respect to real exchange rate is about 0.5, suggesting that the potential changes in the exchange rate policy would yield relatively small benefits for exporters. On the other hand, long-run relationship of imports and the exchange rate is not confirmed, while the aggregate wages, salaries, and pensions have the strongest effect on imports in the long run.

Suggested Citation

  • Nikola Tasic & Miroslav Zdravkovic, 2008. "Long-run Exchange Rate Sensitivity of Serbian Exports and Imports," Working papers 16, National Bank of Serbia.
  • Handle: RePEc:nsb:wpaper:16
    as

    Download full text from publisher

    File URL: http://www.nbs.rs/internet/latinica/90/90_0/2008_16_NT_MZ.pdf
    File Function: Full text
    Download Restriction: no

    More about this item

    Keywords

    exchange rate; imports; exports;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nsb:wpaper:16. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maja Mihovilovic). General contact details of provider: http://edirc.repec.org/data/nbjgvyu.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.