The Impact of Exchange Rate Volatility on Sectoral Exports: (1973-2004)

摘要

This paper looks at the impact of exchange rate volatility on real sectoral exports for Austria, Denmark, France, Ireland, Italy, Greece, Portugal, U.K., Finland, Netherlands, and Sweden for 1973-2004. Since we have not been able to identify any aggregate effects in previous empirical work in this study we examine sectoral exports of leather and rubber using the standard deviation of the moving average of the log of real exchange rate as a measure of exchange rate volatility. Overall, our results suggest that exchange rate volatility has a mixed effect on sectoral exports for the EU countries.