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題名 The Relationship between U.S. Antidumping Enforcement and Exchange Rate Movements Revisited
作者 陳坤銘
CHEN, KUN-MING
貢獻者 國貿系
關鍵詞 Dumping; exchange rate pass-through;real options; JEL Classifications: F13;JEL Classifications: F31; JEL Classifications: G13
日期 2013.03
上傳時間 20-Oct-2014 18:24:02 (UTC+8)
摘要 This paper develops a real options model of export with imperfect exchange rate pass-through to investigate the relationship between exchange rate movements and dumping activity. It is found that exchange rate level as well as its trend and volatility have an asymmetric effect on dumping occurrence, which depends on the long-run level of exchange rate. Specifically, when the value of an importing country`s currency is low, the appreciation or expected appreciation will cause the dumping activity to rise, whereas when the currency value is high, this relationship might be reversed. Similarly, while the magnitude of exchange rate pass-through and dumping occurrence are positively related when the currency value of an importing country is high enough, they might become negatively related when the currency value is low enough. Furthermore, the exchange rate volatility and dumping occurrence will be positively related only if the value of an importing country`s currency is extremely low or extremely high. Industry-level data on anti-dumping (AD) filings of the US covering the period 1980–2006 is used to test the validity of our theoretical model. Our empirical results are generally consistent with the prediction of our theory.
關聯 Global Journal of Economics,2(1), 1350002
資料類型 article
DOI http://dx.doi.org/10.1142/S225136121350002X
dc.contributor 國貿系en_US
dc.creator (作者) 陳坤銘zh_TW
dc.creator (作者) CHEN, KUN-MINGen_US
dc.date (日期) 2013.03en_US
dc.date.accessioned 20-Oct-2014 18:24:02 (UTC+8)-
dc.date.available 20-Oct-2014 18:24:02 (UTC+8)-
dc.date.issued (上傳時間) 20-Oct-2014 18:24:02 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/70684-
dc.description.abstract (摘要) This paper develops a real options model of export with imperfect exchange rate pass-through to investigate the relationship between exchange rate movements and dumping activity. It is found that exchange rate level as well as its trend and volatility have an asymmetric effect on dumping occurrence, which depends on the long-run level of exchange rate. Specifically, when the value of an importing country`s currency is low, the appreciation or expected appreciation will cause the dumping activity to rise, whereas when the currency value is high, this relationship might be reversed. Similarly, while the magnitude of exchange rate pass-through and dumping occurrence are positively related when the currency value of an importing country is high enough, they might become negatively related when the currency value is low enough. Furthermore, the exchange rate volatility and dumping occurrence will be positively related only if the value of an importing country`s currency is extremely low or extremely high. Industry-level data on anti-dumping (AD) filings of the US covering the period 1980–2006 is used to test the validity of our theoretical model. Our empirical results are generally consistent with the prediction of our theory.en_US
dc.format.extent 139 bytes-
dc.format.mimetype text/html-
dc.language.iso en_US-
dc.relation (關聯) Global Journal of Economics,2(1), 1350002en_US
dc.subject (關鍵詞) Dumping; exchange rate pass-through;real options; JEL Classifications: F13;JEL Classifications: F31; JEL Classifications: G13en_US
dc.title (題名) The Relationship between U.S. Antidumping Enforcement and Exchange Rate Movements Revisiteden_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1142/S225136121350002X-
dc.doi.uri (DOI) http://dx.doi.org/10.1142/S225136121350002X-