Volatility and Irish Exports

33 Pages Posted: 25 Jun 2007

See all articles by Don Bredin

Don Bredin

University College Dublin (UCD) - Department of Banking & Finance

John Cotter

University College Dublin; UCLA Anderson School of Management

Multiple version iconThere are 2 versions of this paper

Date Written: April 2007


We analyse the impact of volatility per se on real exports for a small open economy concentrating on Irish trade with the UK and the US. An important element is that we take account of the time lag between the trade decision and the actual trade or payments taking place by using a flexible lag approach. Rather than adopt a single measure of risk we also adopt a spectrum of risk measures and detail varied size characteristics and statistical properties. We find that the ambiguous results found to date may be due to not taking account of the timing effect which varies substantially depending on which volatility measure is used.

Keywords: Exports, risk measurement, distributed lags

JEL Classification: C32, C51, F14, F31

Suggested Citation

Bredin, Don and Cotter, John, Volatility and Irish Exports (April 2007). Available at SSRN: https://ssrn.com/abstract=996070 or http://dx.doi.org/10.2139/ssrn.996070

Don Bredin

University College Dublin (UCD) - Department of Banking & Finance ( email )

School of Business
Blackrock, Co. Dublin, 4

HOME PAGE: http://www.ucd.ie/bankingfinance/staff_bredin.html

John Cotter (Contact Author)

University College Dublin ( email )

School of Business, Carysfort Avenue
Blackrock, Co. Dublin
353 1 716 8900 (Phone)
353 1 283 5482 (Fax)

HOME PAGE: http://www.ucd.ie/bankingfinance/staff/professorjohncotter/

UCLA Anderson School of Management ( email )

110 Westwood Plaza
Los Angeles, CA 90095-1481
United States

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