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An empirical analysis of short-run and long-run Irish export functions : does exchange rate volatility matter?

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dc.contributor.author Fountas, Stilianos en
dc.contributor.author Murphy, Eithne en
dc.date.accessioned 2010-11-10T11:34:11Z en
dc.date.available 2010-11-10T11:34:11Z en
dc.date.issued 1998-04 en
dc.identifier.citation Fountas, S. & Murphy, E. (1998). "An empirical analysis of short-run and long-run Irish export functions : does exchange rate volatility matter?" (Working Paper No. 022) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1374 en
dc.description.abstract We analyse the long-run and short-run relationship between merchandise export volume and its determinants, foreign income, relative prices and exchange rate variability, using the techniques of cointegration and error correction. The model was estimated for Irish exports and sectoral exports SITC 0-4 and SITC 5-8 to the European Union using quarterly data for the period 1979-1992. The sectoral classification corresponds to the exports of mainly indigenous Irish firms and multinationals, respectively. We find that exchange rate volatility has a negative effect on the exports of the multinational sector but no effect on the exports of the indigenous sector in the short run. In contrast, exchange rate volatility has no effect on the exports of the multinational sector but a positive effect on the exports of the indigenous sector and overall exports in the long run. This last result implies that Ireland's participation in the single European currency might have a negative impact on exports of indigenous firms and, as a consequence, overall exports. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries Economics working papers;022 en
dc.subject Economics en
dc.subject Exchange rate volatility en
dc.subject Indigenous firms en
dc.subject Multinationals en
dc.title An empirical analysis of short-run and long-run Irish export functions : does exchange rate volatility matter? en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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