TY  - JOUR
AB  - Purpose– To avoid aggregation bias by using trade data at bilateral level so that we can determine how sensitive are Britain's inpayments and outpayments to the value of the British pound.Design/methodology/approach– The method is based on the bounds testing approach to cointegration and error‐correction modeling.Findings– The main finding is that while UK inpayments are not sensitive to the exchange rate, her outpayments are.Research limitations/implications– Future research must concentrate on disaggregating data further, perhaps at commodity level.Practical implications– The results could be used to identify Britain's trading partners against which Britain can devalue the pound and improve her trade balance.Originality/value– No study has attempted to test the impact of real depreciation of the pound on Britain's payments and receipts with her major trading partners.
VL  - 32
IS  - 6
SN  - 0144-3585
DO  - 10.1108/01443580510631360
UR  - https://doi.org/10.1108/01443580510631360
AU  - Bahmani‐Oskooee Mohsen
AU  - Economidou Claire
AU  - Gobinda Goswami Gour
PY  - 2005
Y1  - 2005/01/01
TI  - How sensitive are Britain's inpayments and outpayments to the value of the British pound
T2  - Journal of Economic Studies
PB  - Emerald Group Publishing Limited
SP  - 455
EP  - 467
Y2  - 2024/04/25
ER  -