Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157358
Authors: 
Broll, Udo
Mukherjee, Soumyatanu
Sensarma, Rudra
Year of Publication: 
2017
Series/Report no.: 
CEPIE Working Paper 05/17
Abstract: 
In this companion paper to Broll and Mukherjee (2017), we empirically analyse how exchange rate volatilities affect firms optimal production and exporting decisions. The firms elasticity of risk aversion determines the direction of the impact of exchange rate risk on exports. Based on a flexible utility function that incorporates all possible risk preferences, a unique structurally estimable equation is used to estimate the risk aversion elasticities for a panel of Indian service sector (non-financial) firms over 2004-2015, using the quantile regression method.
Subjects: 
exports
exchange rate volatility
risk aversion
JEL: 
D21
D81
F10
F31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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