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dc.contributor.authorFedoseeva, Svetlana
dc.date.accessioned2022-08-10T13:50:45Z
dc.date.available2015-02-13T08:13:55Z
dc.date.available2022-08-10T13:50:45Z
dc.date.issued2014
dc.identifier.urihttp://nbn-resolving.de/urn:nbn:de:hebis:26-opus-113192
dc.identifier.urihttps://jlupub.ub.uni-giessen.de//handle/jlupub/6303
dc.identifier.urihttp://dx.doi.org/10.22029/jlupub-5754
dc.description.abstractEach time the Euro starts appreciating, a discussion on how painful this might hit European exporters arises in media, making politician and economists work out the ways to mitigate possible shocks. Still, in his recent study, Verheyen (2013a) using aggregated European exports to the US as an example, showed, that in the long run exports react on exchange rate changes in a nonlinear way. Particularly his analysis revealed, that a positive impact on trade during the Euro depreciation seem to outweigh the losses caused by its appreciations. In this paper, I test whether this holds true for agri-food exports as well. To address this question, I apply a partial sum decomposition approach and the NARDL framework of Shin et al. (2013) to aggregated agri-food exports as well as to total exports of eleven European countries to the US, which is currently the major partner of the EU in agri-food trade. The outcomes suggest, that the exchange rate nonlinearities are even more pronounced in agri-food than in total exports. Despite the ongoing discussion regarding the nocent effect of a strong national currency on exports, the estimation results suggest that European agri-food exporters have found their way to cope with such negative effects. European exporters seem to benefit more from Euro depreciation, than its appreciation harm them. I interpret this finding as a sign of pricing strategies application (e.g., pricing-to-market) to the European agri-food exports.en
dc.language.isoende_DE
dc.relation.ispartofseriesDiscussion papers / Zentrum für Internationale Entwicklungs- und Umweltforschung; 66
dc.rightsNamensnennung - Nicht-kommerziell - Keine Bearbeitung 3.0 Deutschland*
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/de/*
dc.subjectagri-food exportsen
dc.subjectasymmetryen
dc.subjectexchange rate nonlinearityen
dc.subjectexport demanden
dc.subjectNARDLen
dc.subject.ddcddc:330de_DE
dc.titleIs there a difference? Exchange rate nonlinearities in European agri-food (versus total) exports to the USen
dc.typeworkingPaperde_DE
local.affiliationZentrende_DE
local.opus.id11319
local.opus.fachgebietZentrum für internationale Entwicklungs- und Umweltforschungde_DE


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