The effects of exchange rate volatility on exports: evidence from Armenia |
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Authors: | Gayane Barseghyan Hayk Hambardzumyan |
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Affiliation: | Manoogian Simone College of Business and Economics, American University of Armenia, Yerevan, Republic of Armenia |
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Abstract: | The article examines how the volatility of exchange rate affected Armenia’s export to its main trading partner, Russia, in the period from January 2007 to February 2016. Along with real foreign income and competitiveness, the exchange rate volatility is considered as a determinant of real export. The estimation results indicate that the exchange rate volatility has negative significant effects on real export both in the long run and in the short run. |
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Keywords: | Exchange rate volatility exports real exchange rate cointegration |
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