Malaysian bilateral exports and bilateral real exchange rates
This paper analyzes the performance of Malaysian bilateral exports to its major importing countries: the United States, Japan, and Singapore and then investigates whether the export performance could be improved through depreciation or devaluation of domestic currency using cointegration techniq...
| Main Author: | |
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
Faculty of Economics, Universiti Utara Malaysia
2007
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/26008/ http://irep.iium.edu.my/26008/1/Mohammed_Yusoff.pdf http://irep.iium.edu.my/26008/4/3._IECTI_Programme_%2528Details%2529.pdf |
| _version_ | 1848779568658251776 |
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| author | Yusoff, Mohammed |
| author_facet | Yusoff, Mohammed |
| author_sort | Yusoff, Mohammed |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper analyzes the performance of Malaysian bilateral exports to its
major importing countries: the United States, Japan, and Singapore and then
investigates whether the export performance could be improved through
depreciation or devaluation of domestic currency using cointegration
technique and VECM. The cointegration test suggests that real exports, real
exchange rates, real imports, and foreign income are cointegrated. The
estimated long-run export equations indicate that the real exchange rates, real
foreign income, and real imports are important determinants of exports. The
major policy implication from this study is that a devaluation or depreciation
of ringgit could improve the competitiveness of Malaysian exports.
Keywords: exports, real exchange rates, Malaysia |
| first_indexed | 2025-11-14T15:19:51Z |
| format | Proceeding Paper |
| id | iium-26008 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T15:19:51Z |
| publishDate | 2007 |
| publisher | Faculty of Economics, Universiti Utara Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-260082013-07-19T01:35:11Z http://irep.iium.edu.my/26008/ Malaysian bilateral exports and bilateral real exchange rates Yusoff, Mohammed HF Commerce This paper analyzes the performance of Malaysian bilateral exports to its major importing countries: the United States, Japan, and Singapore and then investigates whether the export performance could be improved through depreciation or devaluation of domestic currency using cointegration technique and VECM. The cointegration test suggests that real exports, real exchange rates, real imports, and foreign income are cointegrated. The estimated long-run export equations indicate that the real exchange rates, real foreign income, and real imports are important determinants of exports. The major policy implication from this study is that a devaluation or depreciation of ringgit could improve the competitiveness of Malaysian exports. Keywords: exports, real exchange rates, Malaysia Faculty of Economics, Universiti Utara Malaysia 2007 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/26008/1/Mohammed_Yusoff.pdf application/pdf en http://irep.iium.edu.my/26008/4/3._IECTI_Programme_%2528Details%2529.pdf Yusoff, Mohammed (2007) Malaysian bilateral exports and bilateral real exchange rates. In: International Economic Conference on Trade and Industry, 3-5 Decenber 2007, Penang. (Unpublished) |
| spellingShingle | HF Commerce Yusoff, Mohammed Malaysian bilateral exports and bilateral real exchange rates |
| title | Malaysian bilateral exports and bilateral real exchange rates |
| title_full | Malaysian bilateral exports and bilateral real exchange rates |
| title_fullStr | Malaysian bilateral exports and bilateral real exchange rates |
| title_full_unstemmed | Malaysian bilateral exports and bilateral real exchange rates |
| title_short | Malaysian bilateral exports and bilateral real exchange rates |
| title_sort | malaysian bilateral exports and bilateral real exchange rates |
| topic | HF Commerce |
| url | http://irep.iium.edu.my/26008/ http://irep.iium.edu.my/26008/1/Mohammed_Yusoff.pdf http://irep.iium.edu.my/26008/4/3._IECTI_Programme_%2528Details%2529.pdf |