This paper estimates the impact of China’s exchange rate changes on exports of competitor countries in third markets, which we call the “spillover effect”. We use recent theory to develop an identification strategy in which competition between China and its developing country competitors in specific products and destinations plays a key role. We exploit the variation—afforded by disaggregated t...

This paper estimates the impact of China’s exchange rate changes on exports of competitor countries in third markets, which we call the “spillover effect”. We use recent theory to develop an identification strategy in which competition between China and its developing country competitors in specific products and destinations plays a key role. We exploit the variation— afforded by disaggregated ...

t his paper investigates the impact of monetary policies on the exchange rate of selected developing countries during the period 2001-2010. for this purpose, in addition to the theoretical explanation, dynamic panel data based on the generalized method of moments (gmm) have been used to estimate the model. our findings indicate that the lag of exchange rate variable has a positive and signific...

We find that trade and domestic market size are robust determinants of economic growth over the 1960-1996 period when trade openness is measured as the US dollar value of imports and exports relative to GDP in PPP US$ (“real openness”). When trade openness is measured as the US dollar value of imports and exports relative to GDP in exchange rate US$ (“nominal openness”) however, trade and the s...

This paper considers the prospects for Turkish manufactured exports, now dominated by simple labour-intensive products. The importance to Turkey of diversifying its export base has risen with its EU free trade agreement, where it has advantages in labour-intensive exports but where special preferences will vanish soon. As a high wage economy, Turkey has to compete with low-wage countries in sim...

This study aims to examine empirically the impact of various determinants on exports in Pakistan using secondary data over the period from1981-2011.This area was selected for research because trade is equivalent to an engine of economic growth. For empirical analysis after checking the data for stationarity the least square method has been used. The empirical results show positive and statistic...

This paper takes a new empirical look at the longstanding question of the effect of exchange rate volatility on international trade flows by studying the case of Taiwan’s exports to the United States from 1989-1998. In particular, we employ sectoral level, monthly data and a multivariate GARCH-M estimator with corrections for leptokurtic errors that is consistent with the core hypothesis that t...

We develop a model to analyze one mechanism under which stronger intellectual property rights (IPR) protection may improve the ability of firms in developing countries to break into export markets. A Northern firm with a superior process technology chooses either exports or technology transfer through licensing as its mode of supplying the Southern market, based on local IPR policy. Given this ...