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https://scholarbank.nus.edu.sg/handle/10635/170226
DC Field | Value | |
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dc.title | EXCHANGE RATE PASS-THROUGH: EVIDENCE FROM SINGAPORE. | |
dc.contributor.author | DAVE CHIA GUO CONG | |
dc.date.accessioned | 2020-06-18T01:44:11Z | |
dc.date.available | 2020-06-18T01:44:11Z | |
dc.date.issued | 2020-04-13 | |
dc.identifier.citation | DAVE CHIA GUO CONG (2020-04-13). EXCHANGE RATE PASS-THROUGH: EVIDENCE FROM SINGAPORE.. ScholarBank@NUS Repository. | |
dc.identifier.uri | https://scholarbank.nus.edu.sg/handle/10635/170226 | |
dc.description.abstract | This paper provides direct evidence on the heterogeneous effects of both import and export exchange rate pass-through (ERPT) within Singapore’s industries from 2000-2019. Overall, we find that Singapore’s ERPT is approximately 60% for both aggregate import and export prices. In terms of industries, edible products and crude materials display weak ERPT of about 20-30%, while machineries, manufactured goods and chemical products show moderate pass-through of 50-60%. Oil industry is the only one with a complete pass-through. Using imported input ratio, re-export ratio, HerfindahlHirschman Index and revealed comparative advantage, we provide new empirical evidence on how import intensity and market power result in ERPT variations. We found a positive correlation between import intensity and the magnitude of both import and export ERPT, and a similar relationship between market power and export ERPT. Our analysis seeks to provide important insights for Singapore’s policymaker on its appreciating policy stance for a trade-dependent economy. | |
dc.subject | Exchange Rate Pass-Through | |
dc.subject | ARDL | |
dc.subject | Disaggregated | |
dc.subject | Heterogeneity | |
dc.type | Thesis | |
dc.contributor.department | ECONOMICS | |
dc.contributor.supervisor | CHUA YEOW HWEE | |
dc.description.degree | Bachelor's | |
dc.description.degreeconferred | Bachelor of Social Sciences (Honours) | |
Appears in Collections: | Bachelor's Theses |
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Dave Chia Guo Cong AY1920 Sem 2.pdf | 835.39 kB | Adobe PDF | RESTRICTED | None | Log In |
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