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dc.contributor.authorWASSEJA, MOHAMMED MUSTAPHA
dc.contributor.authorMWENDA, SAMWEL N.
dc.contributor.authorMUSUNDI, SAMMY W.
dc.contributor.authorNJOROGE, ELIZABETH
dc.date.accessioned2024-02-06T12:48:55Z
dc.date.available2024-02-06T12:48:55Z
dc.date.issued2015-08-16
dc.identifier.issnISSN: 2307-6976
dc.identifier.urihttp://repository.chuka.ac.ke/handle/chuka/15933
dc.description.abstractThe real exchange rate has proven to be an important factor in international trade because it is expected that exports respond to real exchange rate movements with respect to the characteristics of the importing and exporting countries. Exchange rate volatility increases uncertainty of profits on contracts denominated in foreign currency and subsequently dampens trade and economic growth. This study investigated how real exchange rate volatility affected exports of key Kenyan commodities to the European Union and United Kingdom, namely; tea, coffee and horticulture to the European Union. The presence of exchange rate volatility was determined using the GARCH model. A Bounds testing and Autoregressive Distributed Lag model was used to establish the presence of a long run relationship between exchange rate volatility and commodity exports. Findings revealed that exchange rate volatility affected tea exports to the UK and horticulture exports to the European Union. Foreign income played an important role in explaining tea and coffee exports to the UK and EU respectively.en_US
dc.language.isoenen_US
dc.publisherJournal of Multidisciplinary Scientific Researchen_US
dc.relation.ispartofseriesJournal of Multidisciplinary Scientific Research;
dc.subjectReal Exchange Rateen_US
dc.subjectReal Exchange Rate Volatilityen_US
dc.subjectThe GARCH modelen_US
dc.subjectBounds testing and Autoregressive Distributed Lag modelen_US
dc.subjectcommodity exports.en_US
dc.titleANALYSIS OF THE VOLATILITY OF REAL EXCHANGE RATE AND EXPORTS IN KENYA USING THE GARCH MODEL: 2005-2012.en_US
dc.typeArticleen_US


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