Ấn phẩm
Assessing the influence of exchange rate on agricultural commodity export price: evidence from Vietnamese coffee
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2
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Tóm tắt
Purpose – The purpose of this paper is to evaluate the influence of VND/USD exchange rate on Vietnamese coffee export price (PVN). Design/methodology/approach – The study uses cointegration test, Granger causality test and vector autoregression (VAR) model. Findings – The results reveal that there is no co-integrating equation between two variables. It means the exchange rate does not have an effect on PVN in the long run. Furthermore, there is one Granger causality relationship between VND/USD exchange rate and PVN in the short run, but not vice versa. The study suggests that the first previous period of PVN is the most closely related variable which has the greatest impact on the variation of PVN among the selected variables, meanwhile the effect of VND/USD exchange rate on it, contrarily, is positive and very trivial. Originality/value – In overall, the impact of VND/USD exchange rate on Vietnamese coffee export price (PVN) has been analyzed deeply in this research by applying new approaches
Mô tả
Financial banking
Tác giả
Dang, Tuyen Trung
Tác giả khác
Caihong Zhang
Nguyen, Thi Hong
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Kinh Tế Quốc Dân
Năm xuất bản
2020
ISSN tạp chí
Nhan đề tập
Từ khóa chủ đề
Cointegration test , Granger causality , Exchange rate , VAR model , Vietnamese coffee price
