Third-Country Exchange Rate Volatility and Pakistan-China Trade at the Commodity Level

References

• Alam, S., and Q. M. Ahmad. 2011. “Exchange Rate Volatility and Pakistan’s Bilateral Imports from Major Sources: An Application of ARDL Approach.” International Journal of Economics and Finance 3 (2): 245–254. https://doi.org/10.5539/ijef.v3n2p245.
   Google Scholar
• Arize, A. C. 1997. “Conditional Exchange-Rate Volatility and the Volume of Foreign Trade: Evidence from Seven Industrialized Countries.” Southern Economic Journal 64 (2): 235–254. https://doi.org/10.1002/j.2325-8012.1997.tb00017.x.
   Google Scholar
• Avsar, V., and K. Turkcan. 2013. “Exchange Rate Volatility and US Auto-Industry Exports: A Panel Cointegration Approach.” International Journal of Economics and Financial Issues 3 (4): 772–787. https://dergipark.org.tr/en/download/article-file/362816.
   Google Scholar
• Bahmani‐Oskooee, M., S. W. Hegerty, and J. Xu. 2013. “Exchange‐Rate Volatility and US–Hong Kong Industry Trade: Is There Evidence of a ‘Third Country ‘Effect?” Applied Economics 45 (18): 2629–2651. https://doi.org/10.1080/00036846.2012.654918.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and A. C. Arize. 2020. “On the Asymmetric Effects of Exchange Rate Volatility on Trade Flows: Evidence from Africa.” Emerging Markets Finance and Trade 56 (10): 2207–2224. https://doi.org/10.1080/1540496X.2018.1543582.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and M. Bolhassani. 2014. “Exchange Rate Uncertainty and Trade Between US and Canada: Is There Evidence of Third-Country Effect?” The International Trade Journal 28 (1): 23–44. https://doi.org/10.1080/08853908.2014.853589.
   Google Scholar
• Bahmani-Oskooee, M., and A. Gelan. 2018. “Exchange-Rate Volatility and International Trade Performance: Evidence from 12 African Countries.” Economic Analysis and Policy 58 (June): 14–21. https://doi.org/10.1016/j.eap.2017.12.005.
   Google Scholar
• Bahmani-Oskooee, M., and H. Harvey. 2017. “The Asymmetric Effects of Exchange Rate Changes on the Trade Balance of Singapore.” Global Economy Journal 17 (4): 20170055. https://doi.org/10.1515/gej-2017-0055.
   Google Scholar
• Bahmani-Oskooee, M., H. Harvey, and S. W. Hegerty. 2015. “Exchange-Rate Volatility and Commodity Trade: The Case of the US and Italy.” Economic Issues 20 (Part 2): 1–27. http://economicissues.org.uk/Files/2015/215Mohsen.pdf.
   Google Scholar
• Bahmani-Oskooee, M., and S. W. Hegerty. 2007. “Exchange Rate Volatility and Trade Flows: A Review Article.” Journal of Economic Studies 34 (3): 211–255. https://doi.org/10.1108/01443580710772777.
   Google Scholar
• Bahmani-Oskooee, M., S. W. Hegerty, and D. Xi. 2016. “Third-Country Exchange Rate Volatility and Japanese–US Trade: Evidence from Industry-Level Data.” Applied Economics 48 (16): 1452–1462. https://doi.org/10.1080/00036846.2015.1100264
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., J. Iqbal, and M. Nosheen. 2016. “Commodity Trade Between Pakistan and the US: Is There Evidence of the J-Curve?” Applied Economics 48 (11): 957–965. https://doi.org/10.1080/00036846.2015.1090552.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and H. Karamelikli. 2022. “Exchange Rate Volatility and Commodity Trade Between UK and China: An Asymmetric Analysis.” The Chinese Economy 55 (1): 41–65. https://doi.org/10.1080/10971475.2021.1892919.
   Google Scholar
• Bahmani-Oskooee, M., M. Nosheen, and J. Iqbal. 2017. “Third-Country Exchange Rate Volatility and Pakistan-US Trade at Commodity Level.” The International Trade Journal 31 (2): 105–129. https://doi.org/10.1080/08853908.2016.1269701.
   Google Scholar
• Bahmani-Oskooee, M., and R. Nouira. 2020. “On the Impact of Exchange Rate Volatility on Tunisia’s Trade with 16 Partners: An Asymmetry Analysis.” Economic Change and Restructuring 53 (3): 357–378. https://doi.org/10.1007/s10644-019-09250-y.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and Y. Wang. 2007. “The Impact of Exchange Rate Volatility on Commodity Trade Between the US and China.” Economic Issues 12 (Part 1): 31–52. http://www.economicissues.org.uk/Files/107cBahmani.pdf.
   Google Scholar
• Bahmani-Oskooee, M., and J. Xu. 2012. “Impact of Exchange Rate Volatility on Commodity Trade Between US and China: Is There a Third Country Effect.” Journal of Economics & Finance 36 (3): 555–586. https://doi.org/10.1007/s12197-010-9126-y.
   Google Scholar
• Broil, U., and B. Eckwert. 1999. “Exchange Rate Volatility and International Trade.” Southern Economic Journal 66 (1): 178–185. https://doi.org/10.1002/j.2325-8012.1999.tb00232.x.
   Web of Science ®Google Scholar
• Chien, M. S., N. Setyowati, and C. Y. Cheng. 2020. “Asymmetric Effects of Exchange Rate Volatility on Bilateral Trade Between Taiwan and Indonesia.” The Singapore Economic Review 65 (4): 857–888. https://doi.org/10.1142/S021759082050006X.
   Web of Science ®Google Scholar
• Choudhry, T. 2005. “Exchange Rate Volatility and the United States Exports: Evidence from Canada and Japan.” Journal of the Japanese and International Economies 19 (1): 51–71. https://doi.org/10.1016/j.jjie.2003.11.002.
   Web of Science ®Google Scholar
• Choudhry, T., S. S. U. Hassan, and F. I. Papadimitriou. 2014. “UK Imports, Third Country Effect and the Global Financial Crisis: Evidence from the Asymmetric ARDL Method.” International Review of Financial Analysis 32 (March): 199–208. https://doi.org/10.1016/j.irfa.2013.11.003.
   Google Scholar
• Cushman, D. O. 1983. “The Effects of Real Exchange Rate Risk on International Trade.” Journal of International Economics 15 (1–2): 45–63. https://doi.org/10.1016/0022-1996(83)90041-7.
   Web of Science ®Google Scholar
• Cushman, D. O. 1986. “Has Exchange Risk Depressed International Trade? The Impact of Third-Country Exchange Risk.” Journal of International Money and Finance 5 (3): 361–379. https://doi.org/10.1016/0261-5606(86)90035-5.
   Web of Science ®Google Scholar
• Dada, J. T. 2021. “Asymmetric Effect of Exchange Rate Volatility on Trade in Sub-Saharan African Countries.” Journal of Economic and Administrative Sciences 37 (2): 149–162. https://doi.org/10.1108/JEAS-09-2019-0101.
   Web of Science ®Google Scholar
• De Vita, G., and A. Abbott. 2004. “Real Exchange Rate Volatility and US Exports: An ARDL Bounds Testing Approach.” Economic Issues 9 (1): 69–78.
   Google Scholar
• Dhungel, K. R. 2014. “Estimation of Short and Long Run Equilibrium Coefficients in Error Correction Model: An Empirical Evidence from Nepal.” International Journal of Econometrics and Financial Management 2 (6): 214–219. https://doi.org/10.12691/ijefm-2-6-1.
   Google Scholar
• Egger, H., P. Egger, and M. Ryan. 2010. “Bilateral and Third‐Country Exchange Rate Effects on Multinational Activity.” Review of International Economics 18 (5): 1012–1027. https://doi.org/10.1111/j.1467-9396.2010.00923.x.
   Web of Science ®Google Scholar
• Ekanayake, E. M., R. L. Thaver, and D. Plante. 2012. “The Effects of Exchange Rate Volatility on South Africa’s Trade with the European Union.” The International Journal of Business and Finance Research 6 (3): 13–26. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2094540.
   Google Scholar
• Hayakawa, K., and F. Kimura. 2009. “The Effect of Exchange Rate Volatility on International Trade in East Asia.” Journal of the Japanese and International Economies 23 (4): 395–406. https://doi.org/10.1016/j.jjie.2009.07.001.
   Web of Science ®Google Scholar
• Iqbal, J., S. Aziz, and M. Nosheen. 2022. “The Asymmetric Effects of Exchange Rate Volatility on US–Pakistan Trade Flows: New Evidence from Nonlinear ARDL Approach.” Economic Change and Restructuring 55 (1): 225–255. https://doi.org/10.1007/s10644-020-09310-8.
   Web of Science ®Google Scholar
• Khan, A. J., P. Azim, and S. H. Syed. 2014. “The Impact of Exchange Rate Volatility on Trade: A Panel Study on Pakistan’s Trading Partners.” Lahore Journal of Economics 19 (1): 31–66. https://doi.org/10.35536/lje.2014.v19.i1.a2.
   Google Scholar
• Li, Y. 2003. “Does third-country exchange rate affect bilateral trade?” Master’s Thesis, Oregon State University, Corvallis, OR. https://ir.library.oregonstate.edu/concern/graduatethesisordissertations/cj82kb024.
   Google Scholar
• Mattoo, A., M. P. Mishra, and M. A. Subramanian 2012. “Spillover Effects of Exchange Rates: A Study of the Renminbi.” IMF Working Paper, International Monetary Fund, Washington, D.C.
   Google Scholar
• McKenzie, M. 1999. “The Impact of Exchange Rate Volatility on International Trade Flows.” Journal of Economic Surveys 13 (1): 71–106. https://doi.org/10.1111/1467-6419.00075.
   Google Scholar
• McKenzie, M. D., and R. D. Brooks. 1997. “The Impact of Exchange Rate Volatility on German-US Trade Flows.” Journal of International Financial Markets, Institutions and Money 7 (1): 73–87. https://doi.org/10.1016/S1042-4431(97)00012-7.
   Google Scholar
• Mustafa, K., M. Nishat, and M. A. Kemal. 2004. “Volatility of Exchange Rate and Export Growth in Pakistan: The Structure and Interdependence in Regional Markets [With Comments].” The Pakistan Development Review 43 (4): 813–828. https://doi.org/10.30541/v43i4IIpp.813-828.
   Google Scholar
• Ozturk, I. 2006. “Exchange Rate Volatility and Trade: A Literature Survey.” International Journal of Applied Econometrics and Quantitative Studies 3 (1): 85–102. https://ssrn.com/abstract=1127299.
   Google Scholar
• Perée, E., and A. Steinherr. 1989. “Exchange Rate Uncertainty and Foreign Trade.” European Economic Review 33 (6): 1241–1264. https://doi.org/10.1016/0014-2921(89)90095-0.
   Web of Science ®Google Scholar
• Rajab, S. 2011. “A study of cointegration models with applications.” Ph.D. Thesis, University of South Africa, Johannesburg, South Africa.
   Google Scholar
• Senadza, B., and D. D. Diaba. 2017. “Effect of Exchange Rate Volatility on Trade in Sub-Saharan Africa.” Journal of African Trade 4 (1–2): 20–36. https://doi.org/10.1016/j.joat.2017.12.002.
   Google Scholar
• Serenis, D., and N. Tsounis. 2013. “Exchange Rate Volatility and Foreign Trade: The Case for Cyprus and Croatia.” Procedia Economics and Finance 5:677–685. https://doi.org/10.1016/S2212-5671(13)00079-8.
   Google Scholar
• Sharma, C., and D. Pal. 2018. “Exchange Rate Volatility and India’s Cross-Border Trade: A Pooled Mean Group and Nonlinear Cointegration Approach.” Economic Modelling 74 (August): 230–246. https://doi.org/10.1016/j.econmod.2018.05.016.
   Google Scholar
• Shin, Y., B. Yu, and M. Greenwood-Nimmo. 2014. “Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework.” In Festschrift in Honor of Peter Schmidt, edited by R. Sickles and W. Horrace, 281–314. New York: Springer New York. https://doi.org/10.1007/978-1-4899-8008-3_9.
   Google Scholar
• Sugiharti, L., M. A. Esquivias, and B. Setyorani. 2020. “The Impact of Exchange Rate Volatility on Indonesia’s Top Exports to the Five Main Export Markets.” Heliyon 6 (1): e03141. https://doi.org/10.1016/j.heliyon.2019.e03141.
   PubMed Web of Science ®Google Scholar
• Sukar, A. H., and S. Hassan. 2001. “US Exports and Time-Varying Volatility of Real Exchange Rate.” Global Finance Journal 12 (1): 109–119. https://doi.org/10.1016/S1044-0283(01)00020-5.
   Google Scholar
• Tunc, C., M. N. Solakoglu, S. Babuscu, and A. Hazar. 2018. “Exchange Rate Risk and International Trade: The Role of Third Country Effect.” Economics Letters 167 (June): 152–155. https://doi.org/10.1016/j.econlet.2018.03.030.
   Google Scholar
• Usman, A., N. Apergis, and S. Anwar. 2021. “Examining the Asymmetric Effects of Third-Country Exchange Rate Volatility on Pakistan–China Commodity Trade.” Journal of International Commerce, Economics and Policy 12 (2): 2150008. https://doi.org/10.1142/S1793993321500083.
   Google Scholar
• Wang, X., W. Hu, and H. Yang. 2016. “Exchange Rate Volatility and Bilateral Trade Flows of China: Is There a Third Country Exchange Effect?” Journal of Financial Research 433 (7): 1–16. http://www.jryj.org.cn/EN/Y2016/V433/I7/1.
   Google Scholar
• Wong, H. T., and H. A. Lee. 2016. “Exchange Rate Volatility and Exports of Malaysian Manufactured Goods to China: An Empirical Analysis.” International Journal of Business and Society 17 (1): 145–159. https://doi.org/10.33736/ijbs.518.2016.
   Google Scholar
• Yakub, M. U., Z. Sani, T. O. Obiezue, and V. O. Aliyu. 2019. “Empirical Investigation on Exchange Rate Volatility and Trade Flows in Nigeria.” Economic and Financial Review 57 (1): 23–46.
   Google Scholar