How to cite this paper
Srinivasan, P & Kalaivani, M. (2013). Exchange rate volatility and export growth in India: An ARDL bounds testing approach.Decision Science Letters , 2(3), 191-202.
Refrences
Akbostanci, E. (2004). Dynamics of the trade balance: The Turkish J-curve. Emerging Markets Finance and Trade, 40, 57-73.
Akhtar, M., & Hilton, R. S., (1984). Effects of Exchange Rate Uncertainty on German and U.S. Trade. Federal Reserve Bank of New York Quarterly Review, 9, 7-16.
Alam, S., & Ahmad, Q. M. (2011). Exchange Rate Volatility and Pakistan’s Bilateral Imports from Major Sources: An Application of ARDL Approach. International Journal of Economics and Finance, 3, 245-254.
Aliyu S. (2008). Exchange Rate Volatility and Export Trade in Nigeria: An Empirical Investigation. MPRA Paper No. 13490, http://mpra.ub.uni-muenchen.de/13490/Aristotelous, K. (2001). Exchange-rate volatility, exchange-rate regime, and trade volume: evidence from the UK-US export function (1889-1999). Economic Letters, 72, 87-94.
Arize, A. C., Osang, T., & Slottje, D. J. (2000). Exchange-rate volatility and foreign trade: evidence from thirteen LDCs. Journal of Business & Economic Statistics, 18, 10-17.
Baak, S., Al-Mahmood, A., & Vixathep, S. (2002). Exchange Rate Volatility and Exports from East Asian Countries to Japan and U.S. manuscript: http://www.karyiuwong.com/confer/seoul02/papers/baak.pdf
Bailey, M. J., Tavlas, G. S., & Ulan, M. (1986). Exchange-rate variability and trade performance: evidence for the big seven industrial countries. Weltwirtschaftliches Archiv, 122, 466-477.
Bal, D. (2012). Exchange Rate Volatility and Its Effect on Export of India: An Empirical Analysis. The Indian Journal of Economics, 367, 68-79.
Baron, D. P. (1976). Fluctuating exchange rates and the pricing of exports. Economic Inquiry, 14, 425–438.
Bewley, R. A. (1979). The Direct Estimation of the Equilibrium Response in a Linear Model. Economics Letters, 3, 357-361.
Broll, U. (1994). Foreign production and forward markets. Australian Economic Papers, 33, 1-6.
Broll, U., & Eckwert, B. (1999). Exchange rate volatility and international trade. Southern Economic Journal, 66, 178-185.
Brown R. L., Durbin J., & Evans J. M. (1975). Techniques for Testing the Constancy of Regression Relationships over Time. Journal of the Royal Statistical Society, 37, pp.149-163.Calderon, C. (2004). Trade Openness and Real Exchange Rate Volatility: Panel Data Evidence. Working paper No. 294, Central Bank of Chile.
Cameron, S., Kihangire, D., & Potts, D. (2005). Has Exchange Rate Volatility Reduced Ugandan Coffee Export Earnings? Working paper, Bradford Centre for International Development (BCID), University of Bradford, Bradford, BD7-1DP, U.K.
Chit, M., Rizov, M., & Willenbockel, D. (2008). Exchange rate volatility and exports: New empirical evidence from the emerging East Asian Economies. Middlesex University Economics and Statistics Discussion Paper No. 127, Middlesex University.
Chowdhury, A. R. (1993). Does exchange rate volatility depress trade flows? Evidence from error correction models. The Review of Economics and Statistics, 76, 700-706.
Clark, P. B. (1973). Uncertainty, Exchange risk, and the level of International trade. Western Economic Journal, 11, 302–313.
Cote, A. (1994). Exchange rate volatility and trade: A survey. Working Paper 94-5, Bank of Canada.Cushman, D. O. (1988). U.S bilateral trade flows and exchange risk during the floating period. Journal of International Economics, 24, 17-30.
De Vita, G., & Abbott, A., (2004). The impact of exchange rate volatility on UK exports to EU countries. Scottish Journal of Political Economy, 51, 62-81.
Dhasmana, A. (2012). India’s Real Exchange Rate and Trade Balance: Fresh Empirical Evidence. IIM Bangalore Research Paper No. 373, Indian Institute of Management (IIMB), Bangalore.
Dolatti, M., Eskandarpour, B., Abdi, B., and Mousavi, N. (2012). The Effect of Real Exchange Rate instability on Non-Petroleum Exports in Iran. Journal of Basic and Applied Scientific Research, 2, 6954-6961.
Engle, R. F., & Granger, C. W. J. (1987). Cointegration and Error-Correction, Representation, Estimation, and Testing. Econometrica, 55, 251-276.
Ethier, W. (1973). International trade and the forward exchange market. American Economic Review, 63, 494–503.
Fang, W., Lai, Y., & Miller, S. (2006). Export Promotion through Exchange Rate Changes: Exchange Rate Depreciation or Stabilization? Southern Economic Journal, 72, 611-626.
Fountas, S., & Bredin, D. (1998). Exchange rate volatility and exports: The case of Ireland. Applied Economics Letters, 5, 301-304.Franke, G. (1991). Exchange rate volatility and international trading strategy. Journal of International Money and Finance, 10, 292–307.
Frankel, J. A., & Wei, S-J. (1993). Trade Blocs and Currency Blocs. NBER Working Paper no. 4335, National Bureau of Economic Research, Cambridge, MA.
Greene, W. H. (1993). Econometric Analysis. New York: Macmillan.
Harris, R., & Sollis R. (2003). Applied Time Series Modelling and Forecasting. West Sussex: Wiley.
Hooper, P., & Kohlhagen, S. (1978). The effect of exchange rate uncertainty on the price and volume of international trade. Journal of International Economics, 8, 483-511.
Hooy, C-W., & Choong C-K., (2010). The Impact of Exchange Rate Volatility on World and Intra-trade Flows of SAARC Countries. Indian Economic Review, 45, 67-86.
Hosseini, M. R., & Moghaddasi, R. (2010). Exchange rate volatility and Iranian export. World Applied Sciences Journal, 9, 499-508.
Inder, B. (1993). Estimating long-run relationships in economics: A comparison of different approaches. Journal of Econometrics, 57, 53-68.
John, G., Nelson, P., & Reetu, V. (2005). Unit Root Tests and Structural Breaks: A Survey with Applications. Revista De Metodos Cuantitativos Parala Economia Y La Empresa, 3, 63-79.
Joshi, V., & Little, I. M. D. (1994). India: Macroeconomics and Political Economy, 1964- 1991. Oxford University Press, New Delhi.
Kikuchi, T., (2004). The impact of exchange rate volatility on bilateral exports in East Asian countries. MSc Thesis Graduate School of Systems and Information Engineering, University of Tsukuba.Libanio, G. A. (2005). Unit roots in macroeconomic time series: theory, implications and evidence. Nova Economia Belo Horizonte, 15, 145-176.
Moccero, D. N., & Winograd, C. (2007). Real exchange rate volatility and exports: Argentine perspectives. Working paper, Evry and Paris School of Economics (PSE - ENS), University of Paris.
Musonda, A. (2008). Exchange rate volatility and nontraditional export performance: Zambia, 1965-1999. AERC Research Paper 185, HYPERLINK "http://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fwww.aercafrica.org%2Fdocuments%2FRP185.pdf;h=repec:aer:rpaper:rp_185" http://www.aercafrica.org/documents/RP185.pdf
Mustafa, K., & Nishat, M. (2004). Volatility of Exchange Rate and Export Growth in Pakistan: The Structure and Interdependence in Regional Markets. The Pakistan Development Review, 43, 813–828.
Pesaran, M. H., & Shin, Y. (1999). An Autoregressive Distributed Lag Modeling Approach to Cointegration Analysis. in Storm, S. (Ed). Econometrics and Economic Theory in the 20th Century, The Ragnar Frish Centennial Symposium, Cambridge University Press: Cambridge.
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bound Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16, 289-326.
Peseran, M. H., & Peseran, B. (1997). Working with Microfit 4.0. Interactive Econometric Analysis: Oxford University Press.
Qian, Y., & Varangis, P. (1994). Does exchange rate volatility hinder export growth? Empirical Economics, 19, 371-396.
Rey, S. (2006). Effective Exchange Rate Volatility and MENA countries Exports to the EU. Journal of Economic Development, 31, pp.23-54.
Sekantsi, L., (2008). The impact of real exchange rate volatility on South African exports to the United States: A bounds test approach. mimeo.
Srinivasan, T. N. (1998). India’s Export Performance: A Comparative Analysis. in I. J. Ahluwalia and I. M. D. Little (eds), Indias Economic Reforms and Development: Essays for Manmohan Singh, Oxford University Press, New Delhi.
Srinivasan, T. N., & Wallack, J. (2003). Export Performance and the Real Effective Exchange Rate. in Reforming India’s External, Financial, and Fiscal Policies by A.O. Krueger and S.Z. Chinoy, Eds., Stanford: Stanford University Press.
Todani, K. R., & Munyama, T. V. (2005). Exchange rate volatility and exports in South Africa. manuscript available online at Trade and Industries Policy Strategies website: http://www.tips.org.za/files/773.pdf.
Veeramani, C. (2008). Impact of Exchange Rate Appreciation on Indias Exports. Economic and Political Weekly, 43, 10-14.
Verena, T., & Nawsheen, E. (2011). Does exchange rate volatility harm export? Evidence from Mauritius. Journal of Emerging Trends in Economics and Management Sciences, 2, 146-155.Vergil, H. (2002). Exchange rate volatility in Turkey and its effects on trade flows. Journal of Economic and Social Research, 4, 83-99.
Virmani, A. (1991). Demand and Supply Factors in Indias Trade. Economic and Political Weekly, 26, 309-314.
Wang, K. L., & Barrett, C. B. (2002). A New Look at the Trade Volume Effects of Real Exchange Rate Risk. Cornell University Department of Applied Economics and Management Working Paper, No. WP 2002-41.
Wolf, A. (1995). Import and hedging uncertainty in international trade. Journal of Futures Markets, 15, 101–110.
Akhtar, M., & Hilton, R. S., (1984). Effects of Exchange Rate Uncertainty on German and U.S. Trade. Federal Reserve Bank of New York Quarterly Review, 9, 7-16.
Alam, S., & Ahmad, Q. M. (2011). Exchange Rate Volatility and Pakistan’s Bilateral Imports from Major Sources: An Application of ARDL Approach. International Journal of Economics and Finance, 3, 245-254.
Aliyu S. (2008). Exchange Rate Volatility and Export Trade in Nigeria: An Empirical Investigation. MPRA Paper No. 13490, http://mpra.ub.uni-muenchen.de/13490/Aristotelous, K. (2001). Exchange-rate volatility, exchange-rate regime, and trade volume: evidence from the UK-US export function (1889-1999). Economic Letters, 72, 87-94.
Arize, A. C., Osang, T., & Slottje, D. J. (2000). Exchange-rate volatility and foreign trade: evidence from thirteen LDCs. Journal of Business & Economic Statistics, 18, 10-17.
Baak, S., Al-Mahmood, A., & Vixathep, S. (2002). Exchange Rate Volatility and Exports from East Asian Countries to Japan and U.S. manuscript: http://www.karyiuwong.com/confer/seoul02/papers/baak.pdf
Bailey, M. J., Tavlas, G. S., & Ulan, M. (1986). Exchange-rate variability and trade performance: evidence for the big seven industrial countries. Weltwirtschaftliches Archiv, 122, 466-477.
Bal, D. (2012). Exchange Rate Volatility and Its Effect on Export of India: An Empirical Analysis. The Indian Journal of Economics, 367, 68-79.
Baron, D. P. (1976). Fluctuating exchange rates and the pricing of exports. Economic Inquiry, 14, 425–438.
Bewley, R. A. (1979). The Direct Estimation of the Equilibrium Response in a Linear Model. Economics Letters, 3, 357-361.
Broll, U. (1994). Foreign production and forward markets. Australian Economic Papers, 33, 1-6.
Broll, U., & Eckwert, B. (1999). Exchange rate volatility and international trade. Southern Economic Journal, 66, 178-185.
Brown R. L., Durbin J., & Evans J. M. (1975). Techniques for Testing the Constancy of Regression Relationships over Time. Journal of the Royal Statistical Society, 37, pp.149-163.Calderon, C. (2004). Trade Openness and Real Exchange Rate Volatility: Panel Data Evidence. Working paper No. 294, Central Bank of Chile.
Cameron, S., Kihangire, D., & Potts, D. (2005). Has Exchange Rate Volatility Reduced Ugandan Coffee Export Earnings? Working paper, Bradford Centre for International Development (BCID), University of Bradford, Bradford, BD7-1DP, U.K.
Chit, M., Rizov, M., & Willenbockel, D. (2008). Exchange rate volatility and exports: New empirical evidence from the emerging East Asian Economies. Middlesex University Economics and Statistics Discussion Paper No. 127, Middlesex University.
Chowdhury, A. R. (1993). Does exchange rate volatility depress trade flows? Evidence from error correction models. The Review of Economics and Statistics, 76, 700-706.
Clark, P. B. (1973). Uncertainty, Exchange risk, and the level of International trade. Western Economic Journal, 11, 302–313.
Cote, A. (1994). Exchange rate volatility and trade: A survey. Working Paper 94-5, Bank of Canada.Cushman, D. O. (1988). U.S bilateral trade flows and exchange risk during the floating period. Journal of International Economics, 24, 17-30.
De Vita, G., & Abbott, A., (2004). The impact of exchange rate volatility on UK exports to EU countries. Scottish Journal of Political Economy, 51, 62-81.
Dhasmana, A. (2012). India’s Real Exchange Rate and Trade Balance: Fresh Empirical Evidence. IIM Bangalore Research Paper No. 373, Indian Institute of Management (IIMB), Bangalore.
Dolatti, M., Eskandarpour, B., Abdi, B., and Mousavi, N. (2012). The Effect of Real Exchange Rate instability on Non-Petroleum Exports in Iran. Journal of Basic and Applied Scientific Research, 2, 6954-6961.
Engle, R. F., & Granger, C. W. J. (1987). Cointegration and Error-Correction, Representation, Estimation, and Testing. Econometrica, 55, 251-276.
Ethier, W. (1973). International trade and the forward exchange market. American Economic Review, 63, 494–503.
Fang, W., Lai, Y., & Miller, S. (2006). Export Promotion through Exchange Rate Changes: Exchange Rate Depreciation or Stabilization? Southern Economic Journal, 72, 611-626.
Fountas, S., & Bredin, D. (1998). Exchange rate volatility and exports: The case of Ireland. Applied Economics Letters, 5, 301-304.Franke, G. (1991). Exchange rate volatility and international trading strategy. Journal of International Money and Finance, 10, 292–307.
Frankel, J. A., & Wei, S-J. (1993). Trade Blocs and Currency Blocs. NBER Working Paper no. 4335, National Bureau of Economic Research, Cambridge, MA.
Greene, W. H. (1993). Econometric Analysis. New York: Macmillan.
Harris, R., & Sollis R. (2003). Applied Time Series Modelling and Forecasting. West Sussex: Wiley.
Hooper, P., & Kohlhagen, S. (1978). The effect of exchange rate uncertainty on the price and volume of international trade. Journal of International Economics, 8, 483-511.
Hooy, C-W., & Choong C-K., (2010). The Impact of Exchange Rate Volatility on World and Intra-trade Flows of SAARC Countries. Indian Economic Review, 45, 67-86.
Hosseini, M. R., & Moghaddasi, R. (2010). Exchange rate volatility and Iranian export. World Applied Sciences Journal, 9, 499-508.
Inder, B. (1993). Estimating long-run relationships in economics: A comparison of different approaches. Journal of Econometrics, 57, 53-68.
John, G., Nelson, P., & Reetu, V. (2005). Unit Root Tests and Structural Breaks: A Survey with Applications. Revista De Metodos Cuantitativos Parala Economia Y La Empresa, 3, 63-79.
Joshi, V., & Little, I. M. D. (1994). India: Macroeconomics and Political Economy, 1964- 1991. Oxford University Press, New Delhi.
Kikuchi, T., (2004). The impact of exchange rate volatility on bilateral exports in East Asian countries. MSc Thesis Graduate School of Systems and Information Engineering, University of Tsukuba.Libanio, G. A. (2005). Unit roots in macroeconomic time series: theory, implications and evidence. Nova Economia Belo Horizonte, 15, 145-176.
Moccero, D. N., & Winograd, C. (2007). Real exchange rate volatility and exports: Argentine perspectives. Working paper, Evry and Paris School of Economics (PSE - ENS), University of Paris.
Musonda, A. (2008). Exchange rate volatility and nontraditional export performance: Zambia, 1965-1999. AERC Research Paper 185, HYPERLINK "http://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fwww.aercafrica.org%2Fdocuments%2FRP185.pdf;h=repec:aer:rpaper:rp_185" http://www.aercafrica.org/documents/RP185.pdf
Mustafa, K., & Nishat, M. (2004). Volatility of Exchange Rate and Export Growth in Pakistan: The Structure and Interdependence in Regional Markets. The Pakistan Development Review, 43, 813–828.
Pesaran, M. H., & Shin, Y. (1999). An Autoregressive Distributed Lag Modeling Approach to Cointegration Analysis. in Storm, S. (Ed). Econometrics and Economic Theory in the 20th Century, The Ragnar Frish Centennial Symposium, Cambridge University Press: Cambridge.
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bound Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16, 289-326.
Peseran, M. H., & Peseran, B. (1997). Working with Microfit 4.0. Interactive Econometric Analysis: Oxford University Press.
Qian, Y., & Varangis, P. (1994). Does exchange rate volatility hinder export growth? Empirical Economics, 19, 371-396.
Rey, S. (2006). Effective Exchange Rate Volatility and MENA countries Exports to the EU. Journal of Economic Development, 31, pp.23-54.
Sekantsi, L., (2008). The impact of real exchange rate volatility on South African exports to the United States: A bounds test approach. mimeo.
Srinivasan, T. N. (1998). India’s Export Performance: A Comparative Analysis. in I. J. Ahluwalia and I. M. D. Little (eds), Indias Economic Reforms and Development: Essays for Manmohan Singh, Oxford University Press, New Delhi.
Srinivasan, T. N., & Wallack, J. (2003). Export Performance and the Real Effective Exchange Rate. in Reforming India’s External, Financial, and Fiscal Policies by A.O. Krueger and S.Z. Chinoy, Eds., Stanford: Stanford University Press.
Todani, K. R., & Munyama, T. V. (2005). Exchange rate volatility and exports in South Africa. manuscript available online at Trade and Industries Policy Strategies website: http://www.tips.org.za/files/773.pdf.
Veeramani, C. (2008). Impact of Exchange Rate Appreciation on Indias Exports. Economic and Political Weekly, 43, 10-14.
Verena, T., & Nawsheen, E. (2011). Does exchange rate volatility harm export? Evidence from Mauritius. Journal of Emerging Trends in Economics and Management Sciences, 2, 146-155.Vergil, H. (2002). Exchange rate volatility in Turkey and its effects on trade flows. Journal of Economic and Social Research, 4, 83-99.
Virmani, A. (1991). Demand and Supply Factors in Indias Trade. Economic and Political Weekly, 26, 309-314.
Wang, K. L., & Barrett, C. B. (2002). A New Look at the Trade Volume Effects of Real Exchange Rate Risk. Cornell University Department of Applied Economics and Management Working Paper, No. WP 2002-41.
Wolf, A. (1995). Import and hedging uncertainty in international trade. Journal of Futures Markets, 15, 101–110.