THE MODERATING EFFECT OF EXCHANGE RATE VOLATILITY ON EXPORT DIVERSIFICATION AND ECONOMIC GROWTH NEXUS IN THE G7 COUNTRIES

Ibrahim Nandom YAKUBU; Ayhan KAPUSUZOĞLU; Nildağ Başak CEYLAN

doi:https://doi.org/10.54452/jrb.1041057

Makale detayları

THE MODERATING EFFECT OF EXCHANGE RATE VOLATILITY ON EXPORT DIVERSIFICATION AND ECONOMIC GROWTH NEXUS IN THE G7 COUNTRIES

Yazarlar:

Ibrahim Nandom YAKUBU | Ayhan KAPUSUZOĞLU | Nildağ Başak CEYLAN

Yayıncı:

Marmara University

Ana Başlıklar:

Yönetim

Dergi:

Journal of Research in Business 2022 Vol.7 Issue 1, pp.195-207

Belge Tipi:

Makale

Yayın Tarihi:

6/2022

Belge Dili:

İngilizce

Document ID (Org No.):

2000493225

Sıklık:

İki Yıllık

eISSN:

2630-6255

DOI:

https://doi.org/10.54452/jrb.1041057

Özet:

 

This paper examines the nexus between export diversification and economic growth in the G7 countries and how exchange rate volatility affects this relationship. Using data covering from 1995 to 2018, the study applies the fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) techniques to examine the long-run impact of export diversification on economic growth. The results show that export diversification significantly enhances economic growth in the G7 countries. Nonetheless, the growth-enhancing effect of export diversification is inimically affected by exchange rate volatility. We also document that trade openness significantly accelerates growth which supports the trade-led growth hypothesis in the bloc. To the best of the researchers' knowledge, there is no specific study on the export diversification and economic growth relationship in the G7 countries. Besides, based on a detailed review of the literature, we are unaware of any empirical research that considers the moderating impact of exchange rate volatility on the export diversification-growth nexus.

Makale detayları

THE MODERATING EFFECT OF EXCHANGE RATE VOLATILITY ON EXPORT DIVERSIFICATION AND ECONOMIC GROWTH NEXUS IN THE G7 COUNTRIES

Yazarlar: Ibrahim Nandom YAKUBU | Ayhan KAPUSUZOĞLU | Nildağ Başak CEYLAN

Yayıncı: Marmara University

Ana Başlıklar: Yönetim

Dergi: Journal of Research in Business 2022 Vol.7 Issue 1, pp.195-207

Belge Tipi: Makale

Yayın Tarihi: 6/2022

Belge Dili: İngilizce

Document ID (Org No.): 2000493225

Sıklık: İki Yıllık

eISSN: 2630-6255

DOI: https://doi.org/10.54452/jrb.1041057

Sayı

Yazarlar:

Ibrahim Nandom YAKUBU | Ayhan KAPUSUZOĞLU | Nildağ Başak CEYLAN

Yayıncı:

Marmara University

Ana Başlıklar:

Yönetim

Dergi:

Journal of Research in Business 2022 Vol.7 Issue 1, pp.195-207

Belge Tipi:

Makale

Yayın Tarihi:

6/2022

Belge Dili:

İngilizce

Document ID (Org No.):

2000493225

Sıklık:

İki Yıllık

eISSN:

2630-6255

DOI:

https://doi.org/10.54452/jrb.1041057