The Impact of Exchange Rate Change on Exporters Behavior

Student: Akselrod Artem

Educational Programme: Joint HSE-NES Undergraduate Program in Economics (Bachelor)

Final Grade: 9

Year of Graduation: 2016

This paper examines firm export behavior under exchange rate changes depending on import share in total costs of the firm. I use Russian State Customs Declarations for years 2008-2011 to create export and import real effective exchange rates for more than 80 industries. Using estimator which allows to control for fixed effects and error clustering I find that firms with various import shares in total firm costs differently adjust volume of export in total firm revenues in response to exchange rate change. Firm productivity is also found to be important. Robustness checks with different approaches to estimation confirm results of the main estimation.

Full text (added May 10, 2016)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses