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Record W157592321 · doi:10.14264/222948

Exchange rate volatility and trade/productivity in Australia

2005· dissertation· en· W157592321 on OpenAlex
Shuwei Jasmine. Zheng

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

aboutThe title or abstract carries a Canadian signal from the geographic lexicon.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueThe University of Queensland · 2005
Typedissertation
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic Growth and Productivity
Canadian institutionsnot available
Fundersnot available
KeywordsEconomicsVolatility (finance)Exchange rateDepreciation (economics)ProductivityInternational economicsMonetary economicsMacroeconomicsEconometricsEconomic growth

Abstract

fetched live from OpenAlex

In Australia, exchange rate volatility has significantly increased after the floating of the exchange rate in 1983. On an international basis, there have been concerns about the possible detrimental effects exchange rate volatility could have on trade volumes and productivity levels. Since productivity growth and trade have been regarded as crucial factors in the promotion of sustainable economic growth and improving the material living standards for Australians, further research into the relationship between exchange rate volatility and trade/productivity will prove to be useful to policy makers. The objective of this study is twofold. Firstly, in light of the Australia-United States (US) productivity gap, this thesis will investigate whether there is reverse causality flowing from the real exchange rate movements/volatility to labour productivity in Australia. The importance of significant exchange rate depreciation/volatility having a negative impact on productivity has been highlighted by Harris (2002) for the case of Canada. Secondly, the impact of exchange rate volatility on Australian export volumes to US and Japan will be analysed. Although extensive theoretical and empirical research on this relationship has been conducted, this issue has remained highly ambiguous. To date, no empirical study has taken into consideration the threshold effects of exchange rate volatility on export volumes. Therefore, this thesis examines the relationship between exchange rate volatility and trade/productivity via linear and non linear threshold estimations of the trade and productivity models. The non linear threshold models estimation in this thesis is based on Hansen (2000)'s methodology. To ensure that sound economic interpretations of the models can be made, cointegration tests will be conducted and Vector Error Correction Models (VECMs) will be estimated. The econometric results obtained from this thesis indicate that long run equilibrium relationships between exchange rate volatility and trade/productivity exist. However, Granger Causality tests employed could not find evidences supporting the reverse causality link for the case of productivity. Finally, significant threshold effects of exchange rate volatility on trade/productivity have been tested for, suggesting that standard trade/productivity models involving exchange rate volatility have understated their true underlying relationships.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.051
Threshold uncertainty score0.756

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.033
GPT teacher head0.210
Teacher spread0.177 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it