The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China
This article investigates the effect of exchange rate volatility on the exports of ASEAN countries to China. Using 5-digit COMTRADE data over 1994 to 2008, the authors analyze total exports by usage, total exports by technology, and disaggregated exports of component goods by technology. Two finding...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/52979/1/The%20effect%20of%20exchange%20rate%20volatility%20on%20the%20nexus%20of%20technology%20sophistication%20and%20trade%20fragmentation%20of%20ASEAN5%20exports%20to%20China.pdf |
| _version_ | 1796975812982865920 |
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| author | Hooy, Chee Wooi Baharumshah, Ahmad Zubaidi Brooks, Robert D. |
| author_facet | Hooy, Chee Wooi Baharumshah, Ahmad Zubaidi Brooks, Robert D. |
| author_sort | Hooy, Chee Wooi |
| collection | UPM |
| description | This article investigates the effect of exchange rate volatility on the exports of ASEAN countries to China. Using 5-digit COMTRADE data over 1994 to 2008, the authors analyze total exports by usage, total exports by technology, and disaggregated exports of component goods by technology. Two findings are documented. First, exchange rate volatility has a negative and significant effect only on high-tech and medium-tech exports, but the magnitude implies that technology sophistication leads to higher currency volatility exposure. Second, exchange rate volatility also has a significant negative effect on parts and components exports but the elasticity is much smaller relative to the aggregate exports. |
| first_indexed | 2024-03-06T09:16:51Z |
| format | Article |
| id | upm.eprints-52979 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:16:51Z |
| publishDate | 2016 |
| publisher | Taylor & Francis |
| record_format | dspace |
| spelling | upm.eprints-529792022-05-25T03:32:31Z http://psasir.upm.edu.my/id/eprint/52979/ The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China Hooy, Chee Wooi Baharumshah, Ahmad Zubaidi Brooks, Robert D. This article investigates the effect of exchange rate volatility on the exports of ASEAN countries to China. Using 5-digit COMTRADE data over 1994 to 2008, the authors analyze total exports by usage, total exports by technology, and disaggregated exports of component goods by technology. Two findings are documented. First, exchange rate volatility has a negative and significant effect only on high-tech and medium-tech exports, but the magnitude implies that technology sophistication leads to higher currency volatility exposure. Second, exchange rate volatility also has a significant negative effect on parts and components exports but the elasticity is much smaller relative to the aggregate exports. Taylor & Francis 2016 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/52979/1/The%20effect%20of%20exchange%20rate%20volatility%20on%20the%20nexus%20of%20technology%20sophistication%20and%20trade%20fragmentation%20of%20ASEAN5%20exports%20to%20China.pdf Hooy, Chee Wooi and Baharumshah, Ahmad Zubaidi and Brooks, Robert D. (2016) The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China. Journal of Asia-Pacific Business, 17 (3). pp. 206-228. ISSN 1059-9231; ESSN: 1528-6940 https://www.tandfonline.com/doi/abs/10.1080/10599231.2016.1203717 10.1080/10599231.2016.1203717 |
| spellingShingle | Hooy, Chee Wooi Baharumshah, Ahmad Zubaidi Brooks, Robert D. The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China |
| title | The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China |
| title_full | The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China |
| title_fullStr | The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China |
| title_full_unstemmed | The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China |
| title_short | The effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of ASEAN5 exports to China |
| title_sort | effect of exchange rate volatility on the nexus of technology sophistication and trade fragmentation of asean5 exports to china |
| url | http://psasir.upm.edu.my/id/eprint/52979/1/The%20effect%20of%20exchange%20rate%20volatility%20on%20the%20nexus%20of%20technology%20sophistication%20and%20trade%20fragmentation%20of%20ASEAN5%20exports%20to%20China.pdf |
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