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314259

Asymmetric Impact of the Policy of Floating Egyptian Exchange Rate on the Performance of Agricultural Foreign Trade "التأثير غير المتماثل لسياسة تعويم سعر الصرف المصري على أداء ا

Article

Last updated: 03 Jan 2025

Subjects

-

Tags

Agricultural Economic and Social Sciences

Abstract

The research aimed to study the effect of currency devaluation on the performance of the trade balance, for some agricultural commodities, according to the elasticity approach, during the period (January 2008-December 2022), and the results showed that there are 18 traded commodities in the long run that have an asymmetric effect. They are affected differently by appreciation versus depreciation, according to the results of the “Nonlinear ARDL" model. The ML condition was also achieved in the long run at the level of flows of 21 commodity groups according to the estimates of at least one of the “ARDL, NARDL, FMOLS" models, while it was not met in 4 commodity groups represented in oils, oilseeds, fish, coffee and tea, which may be due to insufficient local production to meet consumption, and then the increase in import prices in local currency was not followed by a decrease in imports from those commodities.

DOI

10.21608/alexja.2023.225627.1040

Keywords

Nonlinear ARDL, FMOLS Model, Marshall–Lerner, J-Curve, Import/Export Elasticity

Authors

First Name

Mona

Last Name

Gad

MiddleName

Hosny

Affiliation

Senior Researcher, Agricultural Policy and Project Evaluation Research Department, Agricultural Economy Research Institute, Agricultural Research Center, Cairo, Egypt.

Email

jasmenmohamed020@gmail.com

City

Cairo

Orcid

0000-0002-1224-8252

Volume

68

Article Issue

3

Related Issue

43791

Issue Date

2023-09-01

Receive Date

2023-07-28

Publish Date

2023-09-30

Page Start

194

Page End

217

Online ISSN

2535-1931

Link

https://alexja.journals.ekb.eg/article_314259.html

Detail API

https://alexja.journals.ekb.eg/service?article_code=314259

Order

4

Type

Original Article

Type Code

514

Publication Type

Journal

Publication Title

Alexandria Journal of Agricultural Sciences

Publication Link

https://alexja.journals.ekb.eg/

MainTitle

Asymmetric Impact of the Policy of Floating Egyptian Exchange Rate on the Performance of Agricultural Foreign Trade "التأثير غير المتماثل لسياسة تعويم سعر الصرف المصري على أداء ا

Details

Type

Article

Created At

23 Dec 2024