In this companion paper to Broll and Mukherjee (2017), we empirically analyse how exchange rate volatilities a ect rms optimal production and exporting decisions. The rms elasticity of risk aversion determines the direction ...

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 ...

This paper, using a three-sector full employment general equilibrium model with segmented domestic factor markets, shows that policy of import restriction using tariffs can be beneficial for a small, open developing economy ...