Currency of denomination and the measurement of export instability

Love, J. (1986) Currency of denomination and the measurement of export instability. Journal of Development Studies, 23(1), pp. 106-113. (doi:10.1080/00220388608422022)

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Abstract

The widespread and unexpected absence of statistically significant relationships in analyses of the causes and consequences of export instability has generated attempts to refine measurement of variable sets. Recently it has been suggested that country rankings are sensitive to the choice of currency numeraire. This article investigates the significance of the choice of numeraire for a sample of 66 developing countries. The results suggest that the conventional approach of denominating export earnings in terms of US dollars is not seriously deficient and that the selection of an appropriate form of trend correction remains an important consideration.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Love, Professor James
Authors: Love, J.
College/School:College of Social Sciences > Adam Smith Business School
Journal Name:Journal of Development Studies
Publisher:Routledge
ISSN:0022-0388
ISSN (Online):1743-9140

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