| Autor: |
Pasasa, Linus, Fechter, Nadine, Bustaman, Yosman |
| Předmět: |
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| Zdroj: |
AIP Conference Proceedings; 12/27/2010, Vol. 1325 Issue 1, p202-205, 4p |
| Abstrakt: |
This paper examines the characteristics of short-term and long-term fluctuations/volatility of Indonesia exchange rate and investigates whether this volatility has affected Indonesia's exports flows. In particular the paper investigates the impact of exchange rate volatility on aggregate Indonesia exports flows to the United State and also on imports. The Augmented Dickey-Fuller Test was employed on quarterly data for the period January 2000 to December 2008 to test for stationarity on the variables of interest. Estimates of the long-term influence of exchange rate volatility on the trade flows are obtained using the Johansen Cointegration Test. The results suggest that a significant long-term relationship linking exchange rate volatility and the trade volume between Indonesia and the United States exists. A negative long-term relationship between exchange rate fluctuations and the export volume sent from Indonesia to the US is obtained. On the other hand, exchange rate volatility exerts a positive long-term effect upon the import volume. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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