We investigate the impact of movements in the real exchange rate on economic growth based on five-year average data for a panel of over 150 countries in the post Bretton Woods period. Unlike previous literature, we use external instruments to deal with possible reverse causality from growth to ...
real exchange rategrowthgrowth regressionsThis paper offers a systematic survey of recent research evaluating the impact of the level and volatility of the real exchange rate (RER) on economic growth. Existing empirical work finds a positive association between RER levels and economic growth, ...
Foreign aid, the Real Exchange Rate (RER), and economic growth are three key variables that shape the aftermath of civil wars in many developing countries. Panel estimations drawn from a sample of 39 conflict and 44 non conflict countries between 1970 and 2004 indicate that although post conflic...
662、Real-business-cycle theory 真实商业周期理论 认为商业周期纯粹是总供给的变动(主要由技术扰动造成),与货币或其他需求方面的因素无 关。 663、Real GDP 实际 GDP 见实际的国内总产值(gross domestic product, real)。 664、Real interest rate 实际利率 以商品而不是以货币衡量的利率。所以它等于货币(或名义)...
This study aims to analyze the relationship between changes in the real effective exchange rate and economic growth in Cocirc;te d#39;Ivoire. The autoregressive distributed lag (ARDL) approach and the Toda-Yamamoto causality test were used. The data cover the period 1980 to 2012. The results ...
It has long been recognized in academic and policy debates that domestic policies play an important role in explaining economic growth. The paper investigates the role of real exchange rate (RER) misalignment on long-run growth in three countries of the Maghreb countries (Tunisia, Algeria and Moro...
Our findings confirm the importance of the real exchange rate for export growth. We find that the effect of the real exchange rate is even stronger for exports of services than exports of goods; it is especially strong for exports of modern services. While the evidence of differential effects ...
1. REAL EXCHANGE RATE AND ECONOMIC GROWTH IN EAST ASIAN COUNTRIES: THE ROLE OF FINANCIAL INTEGRATION [J] . Pham Van Dai, Delpachitra Sarath, Cottrell Simon The Singapore economic review . 2017,第1期 机译:东亚国家的实际汇率和经济增长:金融一体化的作用 2. Real exchange rate misalignments ...
The real exchange rate is the current price businesses and consumers will pay to buy a foreign product using their home currencies. For example, if the current U.S. exchange rate between the U.S. and Britain was $138 U.S. dollars for one pound, an American consumer would need $1.38 to...
The Real Exchange Rate and Economic Growth: Theory and Evidence I provide evidence that undervaluation (a high real exchange rate) stim- ulates economic growth. This is true particularly for developing countries, sugges... D Rodrik - 《Brookings Papers on Economic Activity》 被引量: 626发表:...