The Degree and Determinants of Exchange Rate Pass-Through

Market Structure, Non-Tariff Barriers and Multinational Corporations

Bibliographic Data

ID9715569
AuthorsJayant Menon (Australian Regenerative Medicine Institute, corresponding author)
Year1996
Volume106
Issue435
Pages434
Publication date1996-03-01
Open AccessNo
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.2307/2235258
OpenAlexW2014362469
LanguageEN
Citations received6
References cited1

This study investigates the exchange rate pass-through (PT) for Australian imports of manufactures. PT elasticities are estimated for total manufactures and 40 product categories by applying an econometric procedure which avoids the pit-falls in previous studies to a carefully assembled data set. The determinants of PT are analysed by relating the PT elasticities to variables representing foreign control, non-tariff barriers (NTBs), product characteristics and market structure. We find that PT is incomplete for most products, with significant variation across products. Unlike previous studies, we find that most of the variation in PT is explained by the presence of multinational corporations and NTBs

Business · Econometric analysis · Econometrics · Economics · Exchange rate · International economics · International trade · Monetary economics · Multinational corporation · Product (mathematics · Tariff · Finance · Global Financial Crisis and Policies · Global trade and economics · Mathematics · Monetary Policy and Economic Impact

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