@article{Garayeva:295328,
      recid = {295328},
      author = {Garayeva, Aygun and Tahirova, Gulzar},
      title = {Exchange rate elasticity of exports and the role of  institutions},
      publisher = {The Graduate Institute of International and Development  Studies, International Economics Department},
      address = {Geneva. 2017},
      number = {BOOK},
      series = {Graduate Institute of International and Development  Studies Working Paper ; no. 16/2017},
      pages = {21 p. : ill.},
      year = {2017},
      abstract = {The impact of institutional quality on the exchange  rate-export relation is assessed in a panel of 33 countries  and quarterly time period of 1991Q1 - 2016Q3. Empirical  estimation is conducted in 2 steps. As a first step, using  panel DOLS, FMOLS and PMG estimation techniques, it is  confirmed that a negative and significant relation between  exchange rates and exports exists. The estimation suggests  that in the countries under study, 1% appreciation of the  real effective exchange rate leads to, approximately, 0.55%  decrease in total exports on average, holding other  variables constant. In a separate cross-sectional  estimation using simple OLS, some empirical evidence has  been found to prove that institutional quality positively  affects the exchange rate elasticity of exports. Also it  has been shown that in oil exporting countries  institutional quality has a greater impact on exchange  rate-export link, compared to oil importers. But these  results are only weakly significant and are not robust to  the use of other proxy variables.},
      url = {http://repository.graduateinstitute.ch/record/295328},
      doi = {https://doi.org/10.71609/iheid-cmc1-4a76},
}