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Malaysia-Japan Commodity Trade and Asymmetric Effects of Exchange Rate Changes

Listed author(s):
  • BAHMANI-OSKOOEE, Mohsen
  • Aftab, Muhammad

Asymmetry analysis is a new norm in applied research and the link between the trade balance and the exchange rate is no exception. In this paper we investigate the asymmetric response of the trade balance of each of the 60 industries that trade between Malaysia and Japan. We find short-run asymmetric effects of exchange rate changes on the trade balance of 50 industries (including the two largest industries), short-run adjustment asymmetry in 47 industry, and short-run impact asymmetry in 30 industries. However, short-run asymmetric effects lasted into the long run only in limited number of industries. Results were industry-specific at best.

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File URL: https://mpra.ub.uni-muenchen.de/81213/1/MPRA_paper_81213.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 81213.

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Date of creation: 16 Jan 2017
Date of revision: 18 Aug 2017
Handle: RePEc:pra:mprapa:81213
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  20. Periklis Gogas & Ioannis Pragidis, 2015. "Are there asymmetries in fiscal policy shocks?," Journal of Economic Studies, Emerald Group Publishing, vol. 42(2), pages 303-321, May.
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