The Experts below are selected from a list of 360 Experts worldwide ranked by ideXlab platform
Mohsen Bahmanioskooee - One of the best experts on this subject based on the ideXlab platform.
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exchange rate volatility and Commodity Trade between united states and australia an asymmetric analysis
The World Economy, 2021Co-Authors: Mohsen Bahmanioskooee, Hanafiah HarveyAbstract:Previous studies that assessed the impact of exchange rate volatility on Australian Trade flows assumed that the effects are symmetric, meaning that if an x% increase in volatility hurts Trade flows by y%, an x% decreased in volatility, boosts Trade flows by y%. The new direction in the literature is to engage in asymmetric analysis, since the rate at which Trade flows respond to increased volatility could be different than the rate at which they response to declines. We do this by assessing the symmetric and asymmetric effects of the Australian dollar–U.S. dollar exchange rate volatility on the exports of 230 U.S. exporting industries to Australia and 129 Australian exporting industries to the United States. We find overwhelming support for short‐run and long‐run asymmetric effects of exchange rate volatility on both countries exports to each other. A few large industries that were not found to be affected by volatility symmetrically, they were found to be affected asymmetrically.
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are the effects of exchange rate volatility on Commodity Trade between the u s and mexico symmetric or asymmetric
International Journal of Finance & Economics, 2021Co-Authors: Mohsen Bahmanioskooee, Hanafiah HarveyAbstract:Recent advances in nonlinear modeling or asymmetry analysis have revealed that nonlinear models produce more significant results compared to linear models. Only one study has demonstrated this with establishing the link between exchange rate volatility and Trade flows. We add to the body of literature by considering the possibility of asymmetric effects of exchange rate volatility on Commodity Trade between Mexico and the U.S. After considering a total of 95 U.S. exporting industries to Mexico and 89 U.S. importing industries from Mexico, we find evidence of short‐run asymmetric effects in 54 exporting and 46 importing industries. Short‐run asymmetric effects translate into long‐run asymmetric effects in 44 exporting and 47 importing industries. These asymmetric effects were masked by the linear model which assumes the effects to be symmetric and they have different implication for different industries.
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an asymmetric analysis of the j curve effect in the Commodity Trade between china and the us
The World Economy, 2019Co-Authors: Mohsen Bahmanioskooee, Niloy Bose, Yun ZhangAbstract:This paper follows a non‐linear ARDL error‐correction approach to examine the presence of the J‐curve in the Commodity‐level Trade between the United States and China. The analysis disaggregates the US–China Trade flows by commodities and separately examines the Trade balance responses of 97 commodities to the changes in the real yuan–US$ exchange rates. The analysis at the Commodity level alleviates potential aggregation bias that is present in earlier studies offering little evidence for long‐run asymmetric effects of exchange rate on the China–US Trade balance. We find strong support for short‐run asymmetric effects in the case of two‐third of the commodities, whereas significant long‐run asymmetric effects are present in the case of one‐third of the commodities including those commodities which command large shares in the China–US Trade.
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a nonlinear approach to the u s australia Commodity Trade and the j curve evidence from 123 industries
Australian Economic Papers, 2019Co-Authors: Mohsen Bahmanioskooee, Hanafiah HarveyAbstract:The application of nonlinear models and asymmetric analysis have recently proven to yield results that are superior to those of the linear and symmetric analysis. However, the new approaches in testing the J‐curve between Australia and the rest of the world or between Australia and her trading partners such as the United States did not yield any significant outcomes. Suspecting that those results suffer from aggregation bias, we apply new methods to the Trade flows of 123 industries that Trade between the United States and Australia and give evidence of an asymmetric J‐curve in 28 industries. Furthermore, we find short‐run asymmetric effects of exchange rate changes on the Trade balance of almost all studies, short‐run impact asymmetric effects in 27 industries and significant long‐run asymmetric effects in 56 industries. Our findings are industry‐specific.
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asymmetric effects of exchange rate changes on the malaysia china Commodity Trade
Economic Systems, 2018Co-Authors: Mohsen Bahmanioskooee, Muhammad AftabAbstract:Previous research that considered the response of the Trade balance between Malaysia and China to exchange rate changes used a linear model and did not find any significant long-run link. Suspecting that the results suffer from aggregation bias as well as ignoring nonlinear adjustment of the exchange rate, we consider the Trade balance of 59 industries that Trade between the two countries and use a nonlinear ARDL model to show that almost 1/3rd of the industries are affected by ringgit depreciation against yuan, in an asymmetric manner. The largest industry which accounts for more than 25% of the Trade is found to benefit from ringgit depreciation but not hurt from appreciation. In total, 15 industries that account for 40% of the Trade enjoy this property.
Arnold Tukker - One of the best experts on this subject based on the ideXlab platform.
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exiopol development and illustrative analyses of a detailed global mr ee sut iot
Economic Systems Research, 2013Co-Authors: Arnold Tukker, Arjan De Koning, Richard Wood, Troy R Hawkins, Stephan Lutter, Jose Acosta, Jose Manuel Rueda Cantuche, Maaike C Bouwmeester, Jan OosterhavenAbstract:EXIOPOL (A New Environmental Accounting Framework Using Externality Data and Input–Output Tools for Policy Analysis) was a European Union (EU)-funded project creating a detailed, global, multiregional environmentally extended Supply and Use table (MR EE SUT) of 43 countries, 129 sectors, 80 resources, and 40 emissions. We sourced primary SUT and input–output tables from Eurostat and non-EU statistical offices. We harmonized and detailed them using auxiliary national accounts data and co-efficient matrices. Imports were allocated to countries of exports using United Nations Commodity Trade Statistics Database Trade shares. Optimization procedures removed imbalances in these detailing and Trade linking steps. Environmental extensions were added from various sources. We calculated the EU footprint of final consumption with resulting MR EE SUT. EU policies focus mainly on energy and carbon footprints. We show that the EU land, water, and material footprint abroad is much more relevant, and should be prioritiz...
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exiopol development and illustrative analyses of a detailed global mr ee sut iot
Economic Systems Research, 2013Co-Authors: Arnold Tukker, Arjan De Koning, Richard Wood, Troy R Hawkins, Stephan Lutter, Jose Acosta, Jose Manuel Rueda Cantuche, Maaike C Bouwmeester, Jan Oosterhaven, Thomas DrosdowskiAbstract:EXIOPOL (A New Environmental Accounting Framework Using Externality Data and Input-Output Tools for Policy Analysis) was a European Union (EU)-funded project creating a detailed, global, multiregional environmentally extended Supply and Use table (MR EE SUT) of 43 countries, 129 sectors, 80 resources, and 40 emissions. We sourced primary SUT and input-output tables from Eurostat and non-EU statistical offices. We harmonized and detailed them using auxiliary national accounts data and co-efficient matrices. Imports were allocated to countries of exports using United Nations Commodity Trade Statistics Database Trade shares. Optimization procedures removed imbalances in these detailing and Trade linking steps. Environmental extensions were added from various sources. We calculated the EU footprint of final consumption with resulting MR EE SUT. EU policies focus mainly on energy and carbon footprints. We show that the EU land, water, and material footprint abroad is much more relevant, and should be prioritized in the EU's environmental product and Trade policies.
Jan Oosterhaven - One of the best experts on this subject based on the ideXlab platform.
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exiopol development and illustrative analyses of a detailed global mr ee sut iot
Economic Systems Research, 2013Co-Authors: Arnold Tukker, Arjan De Koning, Richard Wood, Troy R Hawkins, Stephan Lutter, Jose Acosta, Jose Manuel Rueda Cantuche, Maaike C Bouwmeester, Jan OosterhavenAbstract:EXIOPOL (A New Environmental Accounting Framework Using Externality Data and Input–Output Tools for Policy Analysis) was a European Union (EU)-funded project creating a detailed, global, multiregional environmentally extended Supply and Use table (MR EE SUT) of 43 countries, 129 sectors, 80 resources, and 40 emissions. We sourced primary SUT and input–output tables from Eurostat and non-EU statistical offices. We harmonized and detailed them using auxiliary national accounts data and co-efficient matrices. Imports were allocated to countries of exports using United Nations Commodity Trade Statistics Database Trade shares. Optimization procedures removed imbalances in these detailing and Trade linking steps. Environmental extensions were added from various sources. We calculated the EU footprint of final consumption with resulting MR EE SUT. EU policies focus mainly on energy and carbon footprints. We show that the EU land, water, and material footprint abroad is much more relevant, and should be prioritiz...
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exiopol development and illustrative analyses of a detailed global mr ee sut iot
Economic Systems Research, 2013Co-Authors: Arnold Tukker, Arjan De Koning, Richard Wood, Troy R Hawkins, Stephan Lutter, Jose Acosta, Jose Manuel Rueda Cantuche, Maaike C Bouwmeester, Jan Oosterhaven, Thomas DrosdowskiAbstract:EXIOPOL (A New Environmental Accounting Framework Using Externality Data and Input-Output Tools for Policy Analysis) was a European Union (EU)-funded project creating a detailed, global, multiregional environmentally extended Supply and Use table (MR EE SUT) of 43 countries, 129 sectors, 80 resources, and 40 emissions. We sourced primary SUT and input-output tables from Eurostat and non-EU statistical offices. We harmonized and detailed them using auxiliary national accounts data and co-efficient matrices. Imports were allocated to countries of exports using United Nations Commodity Trade Statistics Database Trade shares. Optimization procedures removed imbalances in these detailing and Trade linking steps. Environmental extensions were added from various sources. We calculated the EU footprint of final consumption with resulting MR EE SUT. EU policies focus mainly on energy and carbon footprints. We show that the EU land, water, and material footprint abroad is much more relevant, and should be prioritized in the EU's environmental product and Trade policies.
Scott W Hegerty - One of the best experts on this subject based on the ideXlab platform.
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exchange rate volatility and Commodity Trade between the usa and indonesia
New Zealand Economic Papers, 2015Co-Authors: Mohsen Bahmanioskooee, Hanafiah Harvey, Scott W HegertyAbstract:Since the introduction of the current system of floating exchange-rate regimes, the empirical literature on its implications has grown, with various studies exploring the effects of exchange-rate volatility using different data selection and modeling techniques. Most of these results have been mixed, finding that risk can have positive, negative, or insignificant effects on export and import flows. This study extends the empirical literature by focusing on the role of exchange-rate volatility on Trade between the USA and Indonesia. We use disaggregated Trade data by Commodity and investigate 108 US export industries to Indonesia and 32 US import industries. Our results show that more than half of export and import industries are affected by real exchange-rate volatility in the short run. However, only a third of the export and import industries register long-run effects. We find that, for large industries, exports and imports behave similarly, but that far more small Indonesian exporters see their Trade r...
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brazil us Commodity Trade and the j curve
Applied Economics, 2014Co-Authors: Mohsen Bahmanioskooee, Hanafiah Harvey, Scott W HegertyAbstract:Currency devaluation or depreciation is said to temporarily worsen a country’s Trade balance and improve it later, an effect that is called the J-Curve. Previous research that tested the J-Curve for Brazil used the country’s aggregate Trade flows with the rest of the world and did not find support for the phenomenon. In this article, we consider the Trade flows between Brazil and a major trading partner, the United States, disaggregating their Trade flows by Commodity. We then test the empirical validity of the J-Curve for each of the 92 industries that Trade between the two countries. We find support for the phenomenon in 31 industries. Therefore, disaggregation by industry seems to yield some support for the phenomenon.
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exchange rate volatility and spanish american Commodity Trade flows
Social Science Research Network, 2014Co-Authors: Mohsen Bahmanioskooee, Hanafiah Harvey, Scott W HegertyAbstract:A number of recent studies have tested the impact of exchange rate volatility on Trade flows, particularly for individual commodities, for various country pairs. These have found that risk can increase as well as decrease Trade, but that oftentimes industries are not affected. This study examines Trade between the United States and Spain over the period from 1962 to 2009, for 131 U.S. export industries and 88 import industries. We find that exchange rate volatility has short-run and long-run effects in only a fraction of the cases, but that exports respond more to increased uncertainty than imports do. In all, only 35 of the 74 U.S. export industries are affected (11 positive, 24 negative), whilst only three out of 37 import industries have positive coefficients and 11 have negative ones. We find no evidence that durable or nondurable goods are more likely to respond to volatility, whilst small industries or specialized goods might show more of a positive response.
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the effects of exchange rate volatility on Commodity Trade between the u s and brazil
The North American Journal of Economics and Finance, 2013Co-Authors: Mohsen Bahmanioskooee, Hanafiah Harvey, Scott W HegertyAbstract:Abstract As Brazil continues its emergence as a major world economy, it has enjoyed both increased Trade and capital inflow-fueled currency appreciations. But while it is often thought that exchange-rate volatility hurts Trade, the economic literature has found that this is not always true. This study examines bilateral export and import flows between the United States and Brazil from 1971 to 2010, using cointegration analysis to estimate the effects of this risk. This study arrives at three main conclusions. First, while the majority of industries are not affected by volatility in the long run, an unexpectedly large share of those that are affected responds positively to increased risk. Second, sensitivity to risk differs markedly by industry sector: Brazilian exports of agricultural products are particularly harmed, while U.S. machinery imports are not impacted at all. Finally, products with small Trade shares more likely to respond to increased uncertainty than are major exporters.
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the j curve and nafta evidence from Commodity Trade between the us and mexico
Applied Economics, 2011Co-Authors: Mohsen Bahmanioskooee, Scott W HegertyAbstract:The North American Free Trade Agreement (NAFTA) was predicted to have a substantial impact on the US–Mexico Trade, especially on specific importing and exporting industries. In this article, we use annual industry-level export and import data from 1962 to 2004 to discern both the short- and long-run effects of real exchange-rate depreciation on the Mexico–US Trade balance, as well as the effects of NAFTA on this Trade. We find that peso depreciation has a positive long-run effect on 24 of 102 Mexican industries and a negative short-run effect on 19 of 102 industries. Only a small fraction (7 of 102 industries) show any support for the J-curve hypothesis. NAFTA has had a significant effect on a significant number of the industries, however.
Thomas Drosdowski - One of the best experts on this subject based on the ideXlab platform.
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exiopol development and illustrative analyses of a detailed global mr ee sut iot
Economic Systems Research, 2013Co-Authors: Arnold Tukker, Arjan De Koning, Richard Wood, Troy R Hawkins, Stephan Lutter, Jose Acosta, Jose Manuel Rueda Cantuche, Maaike C Bouwmeester, Jan Oosterhaven, Thomas DrosdowskiAbstract:EXIOPOL (A New Environmental Accounting Framework Using Externality Data and Input-Output Tools for Policy Analysis) was a European Union (EU)-funded project creating a detailed, global, multiregional environmentally extended Supply and Use table (MR EE SUT) of 43 countries, 129 sectors, 80 resources, and 40 emissions. We sourced primary SUT and input-output tables from Eurostat and non-EU statistical offices. We harmonized and detailed them using auxiliary national accounts data and co-efficient matrices. Imports were allocated to countries of exports using United Nations Commodity Trade Statistics Database Trade shares. Optimization procedures removed imbalances in these detailing and Trade linking steps. Environmental extensions were added from various sources. We calculated the EU footprint of final consumption with resulting MR EE SUT. EU policies focus mainly on energy and carbon footprints. We show that the EU land, water, and material footprint abroad is much more relevant, and should be prioritized in the EU's environmental product and Trade policies.