English, Article, Journal or magazine article edition: Elasticity of risk aversion and international trade Udo Broll; Jack E. Wahl; Wing-Keung Wong

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Bookmark: http://trove.nla.gov.au/version/16495
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Elasticity of risk aversion and international trade
Author
  • Udo Broll
  • Jack E. Wahl
  • Wing-Keung Wong
Physical Description
  • preprint
Notes
  • RePEc:msh:moswps:2005-07
  • RePEc:mos:moswps:2005-07
  • This note 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. though the home currency is revaluating (devaluating) exports of the firm increase (decrease). This fact may contribute to the explanation of disturbing empirical results.
  • Exchange rate risk, trade, elasticity of risk aversion, meanvariance model, devaluation
  • RePEc:nus:nusewp:wp0510
Language
  • English
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