Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.econlet.2006.01.031
Title: Elasticity of risk aversion and international trade
Authors: Broll, U.
Wahl, J.E.
Wong, W.-K. 
Keywords: Devaluation
Elasticity of risk aversion
Exchange rate risk
Mean-variance model
Trade
Issue Date: 2006
Citation: Broll, U., Wahl, J.E., Wong, W.-K. (2006). Elasticity of risk aversion and international trade. Economics Letters 92 (1) : 126-130. ScholarBank@NUS Repository. https://doi.org/10.1016/j.econlet.2006.01.031
Abstract: This paper analyzes export production in the presence of exchange rate uncertainty under mean-variance preferences. We present the elasticity of risk aversion, since this elasticity concept permits a distinct investigation of risk and expectation effects on exports. Counterintutitive results are possible, e.g. although the home currency is revaluating (devaluating), exports by the firm increase (decrease). This fact may contribute to the explanation of disturbing empirical results. © 2006 Elsevier B.V. All rights reserved.
Source Title: Economics Letters
URI: http://scholarbank.nus.edu.sg/handle/10635/22301
ISSN: 01651765
DOI: 10.1016/j.econlet.2006.01.031
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