Mohsen Bahmani‐oskooee
Biographic Data
| ID | 3710218 |
|---|---|
| NAME | Mohsen Bahmani‐oskooee |
| GIVEN NAMES | Mohsen |
| FAMILY NAME | Bahmani‐oskooee |
| SIGNATURE | OSKOOEE M B |
| AFFILIATIONS | University of Wisconsin–Milwaukee |
| ORCID | 0000-0002-8242-7715 |
| VERIFIED | Yes |
| TOTAL WORKS | 25 |
| TOTAL CITATIONS | 29 |
| AUTHOR COUNT | 25 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1985 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 2 |
U.S.‐South America trade and the J‐Curve: An asymmetric analysis
We estimate the bilateral trade balance model of the United States with each of its 12 largest trading partners from South America in order to test both the symmetric and asymmetric J‐curve effect. When a linear ARDL model was estimated, we found support for the symmetric J‐curve in the U.S. trade balance with Argentina, Colombia, Guyana, Peru, Uruguay and Venezuela. However, when a nonlinear ARDL model was estimated, asymmetric J‐curve hypothesi…
The U.S.‐Canadian trade and exchange rate uncertainty: Asymmetric evidence from commodity trade
Although the main goal of the original NAFTA treaty was to promote trade among the U.S., Canada, and Mexico, exchange rate uncertainty among the members is still a factor affecting trade. A previous study that assessed asymmetric effects of the real peso‐dollar volatility on trade flows between Mexico and the U.S. used the nonlinear ARDL approach and found that increased (decreased) volatility hurts (boosts) exports of nearly 50% of the industrie…
On the link between the real exchange rate and domestic investment in Asia: Are there asymmetric effects
Previous research that assessed the asymmetric impact of currency depreciation on domestic investment considered experiences of seven industrialized countries, six emerging economies, and eighteen countries from Africa. We add to this new literature by considering the experiences of eight Asian countries. Like previous studies, our asymmetric analysis that required estimating nonlinear models revealed much more significant outcome than the linear…
Exchange rate volatility and commodity trade between United States and Australia: An asymmetric analysis
Previous studies that assessed the impact of exchange rate volatility on Australian trade flows assumed that the effects are symmetric, meaning that if an x % increase in volatility hurts trade flows by y %, an x % decreased in volatility, boosts trade flows by y %. The new direction in the literature is to engage in asymmetric analysis, since the rate at which trade flows respond to increased volatility could be different than the rate at which …
On the asymmetric effects of exchange‐rate volatility on trade flows: Evidence from US–UK Commodity Trade
We consider the response of each of the 67 industries that trade between the United States and United Kingdom to the volatility of the real dollar–pound exchange rate. When we follow previous research and estimate a linear ARDL model for each industry, we find short‐run effects of volatility in 22 US exporting industries to the United Kingdom that last into the long run only in nine industries. As for the UK exports to the United States, we find …
Exchange rate risk and commodity trade between U.S. and India: An asymmetry analysis
Research on the impact of exchange rate volatility on the trade flows has now entered into a new direction of asymmetry analysis. It has been argued by previous researchers, that the rate at which trade flows respond to an increase in volatility could be different than the rate at which they respond to a decrease in volatility, hence asymmetric effects. We consider trade flows of 65 industries that trade between India and the U.S. to show that in…
Asymmetry cointegration and the J-curve: New evidence from Korean bilateral trade balance models with her 14 partners
Introduction of new econometric methods raises interest in assessing the old theories and the J-curve phenomenon is no exception. Like previous research, we first use the linear autoregressive distributed lag (ARDL) approach to investigate the phenomenon between Korea and each of her 14 trading partners. We then employ the recent nonlinear ARDL approach to show that in most cases, exchange-rate changes have short-run and long-run asymmetric effec…
The real peso–dollar rate and US–Mexico industry trade: An asymmetric analysis
In an attempt to improve upon previous analyses and find further evidence for exchange rate theories such as the ‘J‐curve', numerous studies have introduced novel econometric approaches that might help uncover significant results through disaggregation and nonlinearity. This study applies the nonlinear cointegration method of Shin et al . ( ) to US–Mexican trade balances in 91 individual industries. While the linear model yields support for the ‘…
Long-Run Price Elasticities and the Marshall–Lerner Condition: Evidence from Egypt–EU Commodity Trade
Trade Liberalisation, the Peso, and Mexico's Commodity Trade Flows with the United States
We assess the effects of real peso devaluations, as well as the effects of GATT and NAFTA, on Mexico's in-payments and out-payments with the United States for 102 industries. We find that relatively few trade flows are sensitive to changes in the real exchange rate, probably due to production-sharing and intra-industry trade, but devaluations affect Mexican imports more than exports. Trade liberalisation has had a larger impact, particularly on i…
Poverty reduction and aid: Cross‐country evidence
Purpose The purpose of this paper is to examine the impact of foreign aid on poverty. Poverty reduction has lately become an issue of great interest after the adoption of the United Nations Millennium Development Goals in which the international community has set the goal to halve poverty by 2015. Design/methodology/approach This paper uses pooled time‐series and cross sectional data from 49 developing countries. Findings The paper finds that for…
Military spending and the black market premium in developing countries
Researchers who have been concerned with the economic implications of military spending have mostly concentrated on its impact on economic growth, corruption, real exchange rate and inflation. In this paper we investigate the impact of military spending on black market premium, an area that has not been tackled so far. After adding a measure of military spending to a well established model of black market premium form the literature, we estimate …
Political rights, civil liberties, and the black market premium on foreign exchange: Evidence from developing countries
Investigating the impact of institutional factors on macroeconomic variables has gained momentum in recent years. In this paper we investigate the impact of political rights and civil liberties on the black market premium on foreign exchange. After taking account of other important determinants of the black market premium, we show that less political rights and less civil liberties result in a higher black market premium. The empirical results ar…
Corruption, Law and Order, Bureaucracy,and Real Exchange Rate
Panel Data and Productivity Bias Hypothesis
Turkish Stock Prices and the Value of Turkish Lira
It has been argued in the literature that currency depreciation can result in a change in stock prices and vice versa. Previous researchers investigated the relation between stock prices and exchange rates by drawing data from industrial countries. In this paper we consider the experience of a developing nation, i.e., Turkey. Using cointegration technique we are able to show that Turkish stock prices and exchange rates do have a long-run relation…
A Reexamination of Balassa's Productivity Bias Hypothesis
The Decline of the Iranian Rial During the Post-Revolutionary Period: The Monetary Approach and Johansen's Cointegration Analysis
Since 1979 when the Iranian revolution took place, the Iranian rial has lost its value by more than 30 times. Could the decline be explained by economic theory? In this paper we estimated the monetary approach to exchange rate determination by using annual data over 1959–90 period and Engle-Granger as well as Johansen's cointegration techniques. It is shown that all variables that enter into the model have a long-run relationship with the exchang…
Purchasing power parity based on effective exchange rate and cointegration: 25 LDCs' experience with its absolute formulation
Effects of exchange rate risk on exports: Crosscountry analysis
Effects of exchange rate variability on inflation variability
Exports, growth and causality in LDCs
Determinants of international trade flows
Devaluation and the J-Curve: Some Evidence from LDCs
Within the international trade literature it is not uncommon to find arguments about whether devaluation will improve the trade balance. It is argued that the flows of goods respond only with time lags to changes in the exchange rate. The terrn is used to describe the movement over time of the trade balance: it may deteriorate at first and improvement may come later. This paper presents a method by which one could detect the existence of the J-Cu…
Transaction Costs and the Interest Parity Theorem
Determinants of international trade flows
Exports, growth and causality in LDCs
On the asymmetric effects of exchange‐rate volatility on trade flows: Evidence from US–UK Commodity Trade
We consider the response of each of the 67 industries that trade between the United States and United Kingdom to the volatility of the real dollar–pound exchange rate. When we follow previous research and estimate a linear ARDL model for each industry, we find short‐run effects of volatility in 22 US exporting industries to the United Kingdom that last into the long run only in nine industries. As for the UK exports to the United States, we find …
Exchange rate risk and commodity trade between U.S. and India: An asymmetry analysis
Research on the impact of exchange rate volatility on the trade flows has now entered into a new direction of asymmetry analysis. It has been argued by previous researchers, that the rate at which trade flows respond to an increase in volatility could be different than the rate at which they respond to a decrease in volatility, hence asymmetric effects. We consider trade flows of 65 industries that trade between India and the U.S. to show that in…
Asymmetry cointegration and the J-curve: New evidence from Korean bilateral trade balance models with her 14 partners
Introduction of new econometric methods raises interest in assessing the old theories and the J-curve phenomenon is no exception. Like previous research, we first use the linear autoregressive distributed lag (ARDL) approach to investigate the phenomenon between Korea and each of her 14 trading partners. We then employ the recent nonlinear ARDL approach to show that in most cases, exchange-rate changes have short-run and long-run asymmetric effec…
The real peso–dollar rate and US–Mexico industry trade: An asymmetric analysis
In an attempt to improve upon previous analyses and find further evidence for exchange rate theories such as the ‘J‐curve', numerous studies have introduced novel econometric approaches that might help uncover significant results through disaggregation and nonlinearity. This study applies the nonlinear cointegration method of Shin et al . ( ) to US–Mexican trade balances in 91 individual industries. While the linear model yields support for the ‘…
Long-Run Price Elasticities and the Marshall–Lerner Condition: Evidence from Egypt–EU Commodity Trade
Military spending and the black market premium in developing countries
Researchers who have been concerned with the economic implications of military spending have mostly concentrated on its impact on economic growth, corruption, real exchange rate and inflation. In this paper we investigate the impact of military spending on black market premium, an area that has not been tackled so far. After adding a measure of military spending to a well established model of black market premium form the literature, we estimate …
Panel Data and Productivity Bias Hypothesis
A Reexamination of Balassa's Productivity Bias Hypothesis
Purchasing power parity based on effective exchange rate and cointegration: 25 LDCs' experience with its absolute formulation
Effects of exchange rate risk on exports: Crosscountry analysis
Effects of exchange rate variability on inflation variability
Devaluation and the J-Curve: Some Evidence from LDCs
Within the international trade literature it is not uncommon to find arguments about whether devaluation will improve the trade balance. It is argued that the flows of goods respond only with time lags to changes in the exchange rate. The terrn is used to describe the movement over time of the trade balance: it may deteriorate at first and improvement may come later. This paper presents a method by which one could detect the existence of the J-Cu…
Transaction Costs and the Interest Parity Theorem
Determinants of international trade flows
Effects of exchange rate variability on inflation variability
Exports, growth and causality in LDCs
Effects of exchange rate risk on exports: Crosscountry analysis
Purchasing power parity based on effective exchange rate and cointegration: 25 LDCs' experience with its absolute formulation
The Decline of the Iranian Rial During the Post-Revolutionary Period: The Monetary Approach and Johansen's Cointegration Analysis
Since 1979 when the Iranian revolution took place, the Iranian rial has lost its value by more than 30 times. Could the decline be explained by economic theory? In this paper we estimated the monetary approach to exchange rate determination by using annual data over 1959–90 period and Engle-Granger as well as Johansen's cointegration techniques. It is shown that all variables that enter into the model have a long-run relationship with the exchang…
A Reexamination of Balassa's Productivity Bias Hypothesis
Turkish Stock Prices and the Value of Turkish Lira
It has been argued in the literature that currency depreciation can result in a change in stock prices and vice versa. Previous researchers investigated the relation between stock prices and exchange rates by drawing data from industrial countries. In this paper we consider the experience of a developing nation, i.e., Turkey. Using cointegration technique we are able to show that Turkish stock prices and exchange rates do have a long-run relation…
Panel Data and Productivity Bias Hypothesis
Corruption, Law and Order, Bureaucracy,and Real Exchange Rate
Political rights, civil liberties, and the black market premium on foreign exchange: Evidence from developing countries
Investigating the impact of institutional factors on macroeconomic variables has gained momentum in recent years. In this paper we investigate the impact of political rights and civil liberties on the black market premium on foreign exchange. After taking account of other important determinants of the black market premium, we show that less political rights and less civil liberties result in a higher black market premium. The empirical results ar…
Military spending and the black market premium in developing countries
Researchers who have been concerned with the economic implications of military spending have mostly concentrated on its impact on economic growth, corruption, real exchange rate and inflation. In this paper we investigate the impact of military spending on black market premium, an area that has not been tackled so far. After adding a measure of military spending to a well established model of black market premium form the literature, we estimate …
Trade Liberalisation, the Peso, and Mexico's Commodity Trade Flows with the United States
We assess the effects of real peso devaluations, as well as the effects of GATT and NAFTA, on Mexico's in-payments and out-payments with the United States for 102 industries. We find that relatively few trade flows are sensitive to changes in the real exchange rate, probably due to production-sharing and intra-industry trade, but devaluations affect Mexican imports more than exports. Trade liberalisation has had a larger impact, particularly on i…
Poverty reduction and aid: Cross‐country evidence
Purpose The purpose of this paper is to examine the impact of foreign aid on poverty. Poverty reduction has lately become an issue of great interest after the adoption of the United Nations Millennium Development Goals in which the international community has set the goal to halve poverty by 2015. Design/methodology/approach This paper uses pooled time‐series and cross sectional data from 49 developing countries. Findings The paper finds that for…
Long-Run Price Elasticities and the Marshall–Lerner Condition: Evidence from Egypt–EU Commodity Trade
Asymmetry cointegration and the J-curve: New evidence from Korean bilateral trade balance models with her 14 partners
Introduction of new econometric methods raises interest in assessing the old theories and the J-curve phenomenon is no exception. Like previous research, we first use the linear autoregressive distributed lag (ARDL) approach to investigate the phenomenon between Korea and each of her 14 trading partners. We then employ the recent nonlinear ARDL approach to show that in most cases, exchange-rate changes have short-run and long-run asymmetric effec…
The real peso–dollar rate and US–Mexico industry trade: An asymmetric analysis
In an attempt to improve upon previous analyses and find further evidence for exchange rate theories such as the ‘J‐curve', numerous studies have introduced novel econometric approaches that might help uncover significant results through disaggregation and nonlinearity. This study applies the nonlinear cointegration method of Shin et al . ( ) to US–Mexican trade balances in 91 individual industries. While the linear model yields support for the ‘…
Exchange rate risk and commodity trade between U.S. and India: An asymmetry analysis
Research on the impact of exchange rate volatility on the trade flows has now entered into a new direction of asymmetry analysis. It has been argued by previous researchers, that the rate at which trade flows respond to an increase in volatility could be different than the rate at which they respond to a decrease in volatility, hence asymmetric effects. We consider trade flows of 65 industries that trade between India and the U.S. to show that in…
On the asymmetric effects of exchange‐rate volatility on trade flows: Evidence from US–UK Commodity Trade
We consider the response of each of the 67 industries that trade between the United States and United Kingdom to the volatility of the real dollar–pound exchange rate. When we follow previous research and estimate a linear ARDL model for each industry, we find short‐run effects of volatility in 22 US exporting industries to the United Kingdom that last into the long run only in nine industries. As for the UK exports to the United States, we find …
Exchange rate volatility and commodity trade between United States and Australia: An asymmetric analysis
Previous studies that assessed the impact of exchange rate volatility on Australian trade flows assumed that the effects are symmetric, meaning that if an x % increase in volatility hurts trade flows by y %, an x % decreased in volatility, boosts trade flows by y %. The new direction in the literature is to engage in asymmetric analysis, since the rate at which trade flows respond to increased volatility could be different than the rate at which …
U.S.‐South America trade and the J‐Curve: An asymmetric analysis
We estimate the bilateral trade balance model of the United States with each of its 12 largest trading partners from South America in order to test both the symmetric and asymmetric J‐curve effect. When a linear ARDL model was estimated, we found support for the symmetric J‐curve in the U.S. trade balance with Argentina, Colombia, Guyana, Peru, Uruguay and Venezuela. However, when a nonlinear ARDL model was estimated, asymmetric J‐curve hypothesi…
The U.S.‐Canadian trade and exchange rate uncertainty: Asymmetric evidence from commodity trade
Although the main goal of the original NAFTA treaty was to promote trade among the U.S., Canada, and Mexico, exchange rate uncertainty among the members is still a factor affecting trade. A previous study that assessed asymmetric effects of the real peso‐dollar volatility on trade flows between Mexico and the U.S. used the nonlinear ARDL approach and found that increased (decreased) volatility hurts (boosts) exports of nearly 50% of the industrie…
On the link between the real exchange rate and domestic investment in Asia: Are there asymmetric effects
Previous research that assessed the asymmetric impact of currency depreciation on domestic investment considered experiences of seven industrialized countries, six emerging economies, and eighteen countries from Africa. We add to this new literature by considering the experiences of eight Asian countries. Like previous studies, our asymmetric analysis that required estimating nonlinear models revealed much more significant outcome than the linear…
Economics (25 works) · Exchange rate (19 works) · Monetary economics (18 works) · Monetary Policy and Economic Impact (17 works) · International economics (14 works) · Econometrics (11 works) · Global trade and economics (11 works) · Market Dynamics and Volatility (10 works) · Macroeconomics (9 works) · Fiscal Policy and Economic Growth (8 works)