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Impact analysis of us dollar index volatility on imports and import categories of Sri Lanka

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dc.contributor.author Sahabandu, RV
dc.contributor.author Asanka, PPGD
dc.contributor.editor Chathuranga, D
dc.date.accessioned 2022-09-02T03:57:50Z
dc.date.available 2022-09-02T03:57:50Z
dc.date.issued 2018-05
dc.identifier.citation R. Sahabandu and P. Asanka, "Impact Analysis of US Dollar Index Volatility on Imports and Import Categories of Sri Lanka," 2018 Moratuwa Engineering Research Conference (MERCon), 2018, pp. 54-59, doi: 10.1109/MERCon.2018.8421972. en_US
dc.identifier.uri http://dl.lib.uom.lk/handle/123/18846
dc.description.abstract The economic liberation in 1977 resulted in drastic changes in many aspects of Sri Lanka. Considering about 1978- 2015, the country yearly import demand represents over 30% share of the gross domestic product (GDP) except 1984, 2009, 2010, 2013–2015. Investigations and the studies on a countries’ imports are surprisingly overlooked as there are several studies being carried out focusing only the aggregated export volume concerning the exchange rate volatility. The monthly data of Sri Lanka imports, import categories and monthly US Dollar (USD) volatility from January 2007-December 2016 were used for the analysis. This study tries to learn the impact of US Dollar Index (USDX) volatility on import demand of Sri Lanka. The Autoregressive Distributed Lag (ARDL) Approach is employed to learn long-term and short-term cointegration among the underlying variables. There exists a 95% statistically significant short-run relationship and it is identified that the import categories, Consumer Goods (CG), Intermediate Goods (IG), Investment Goods (INV), Unclassified Items (UI), None-Oil Imports (NO) have a speed of adjustment to the equilibrium (SAE) in the long-run of 17%, 36%, 23%, 23%, 25% respectively. The total imports reveal that the disequilibrium conditions will be resolved by 27% within a period of one month that is shocked due to the USDX volatility. Knowledge of the relationship between USDX fluctuation, exchange rate volatility and import volume will support to pursuit for a beneficial trade and prevent or be prepared for a much more stable situation within Sri Lanka. en_US
dc.language.iso en en_US
dc.publisher IEEE en_US
dc.relation.uri https://ieeexplore.ieee.org/document/8421972 en_US
dc.subject USDX Volatility en_US
dc.subject ARDL en_US
dc.subject Import Demand en_US
dc.subject Cointegration en_US
dc.title Impact analysis of us dollar index volatility on imports and import categories of Sri Lanka en_US
dc.type Conference-Full-text en_US
dc.identifier.faculty Engineering en_US
dc.identifier.department Engineering Research Unit, University of Moratuwa en_US
dc.identifier.year 2018 en_US
dc.identifier.conference 2018 Moratuwa Engineering Research Conference (MERCon) en_US
dc.identifier.place Moratuwa, Sri Lanka en_US
dc.identifier.pgnos pp. 54-59 en_US
dc.identifier.proceeding Proceedings of 2018 Moratuwa Engineering Research Conference (MERCon) en_US
dc.identifier.email vasana@live.com en_US
dc.identifier.email dineshasanka@gmail.com en_US
dc.identifier.doi 10.1109/MERCon.2018.8421972 en_US


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