International trade and firms' attitude towards risk

Show simple item record

dc.contributor.author Broll, Udo
dc.contributor.author Soumyatanu, Mukherjee
dc.date.accessioned 2017-03-27T10:19:53Z
dc.date.available 2017-03-27T10:19:53Z
dc.date.issued 2017
dc.identifier.uri http://hdl.handle.net/2259/925
dc.description Economic Modelling 64 (2017) 69–73 en_US
dc.description.abstract This paper examines the optimal production and trade decisions of the domestic firms facing uncertainties owing to the exchange rate volatility under mean-variance preferences. The impact of uncertain exchange rate fluctuations on trade is evaluated in a partial equilibrium framework, using the concept of risk-aversion elasticities. These elasticities measure how sensitive the firms are towards substituting between return and risk at the margin, with respect to changes in the distribution of the spot exchange rate. This simplest possible analytical framework is useful for explicit empirical estimation of risk-aversion elasticities in the literature of international economics. en_US
dc.language.iso en en_US
dc.publisher Elsevier: Economic Modelling en_US
dc.subject Two–moment decision model en_US
dc.subject Imported intermediate input en_US
dc.subject Export en_US
dc.subject Exchange rate risk en_US
dc.subject Risk–aversion elasticity en_US
dc.title International trade and firms' attitude towards risk en_US
dc.type Article en_US


Files in this item

This item appears in the following Collection(s)

  • Journal Articles [51]
    This collection consists of published and unpublished articles of IIMK Community.

Show simple item record

Search DSpace


Browse

My Account