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Modeling Equilibrium Real Exchange Rates
Soto, Raimundo; Elbadawi, Ibrahim - Econometric Society - 2004
how to quantify the likely impact of misalignment on exports and long-run economic growth. Despite the substantial number …
Persistent link: https://www.econbiz.de/10005129778
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Purchasing Power Parity for Traded and Non-traded Goods: A Structural Error Correction Model Approach
Ogaki, Masao; Kim, Jaebeom - Econometric Society - 2004
When univariate methods are applied to real exchange rates, point estimates of autoregressive coefficients typically imply very slow rates of mean reversion. Rogoff (1996) discusses that the remarkable consensus of 3-5 year half-lives of purchasing power parity (PPP) deviations is found among...
Persistent link: https://www.econbiz.de/10005086417
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On the long-run determinants of real exchange rates for developing countries : Evidence from Africa, Latin America and Asia
Rault, Christophe; Drine, Imed - Econometric Society - 2004
The main goal of this paper is to tackle the empirical issues of the real exchange rate litterature by applying recently developed panel cointegration techniques to a structural long-run real exchange rate equation. We consider here a sample of 45 developing countries, divided into three groups...
Persistent link: https://www.econbiz.de/10005063741
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Purchasing Power Parity: the Choice of Price Index
Terra, Maria Cristina T.; Abreu, Ana Lucia Vahia de - Econometric Society - 2004
Looking closely at the PPP argument, it states that the currencies purchasing power should not change when comparing the same basket goods across countries, and these goods should all be tradable. Hence, if PPP is valid at all, it should be captured by the relative price indices that best fits...
Persistent link: https://www.econbiz.de/10005699577
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Mean Reversion of Real Exchange Rates and Purchasing Power Parity in Turkey
ALBA, Joseph D.; PARK, Donghyun - Econometric Society - 2004
The important concept of purchasing power parity (PPP) has a number of practical implications. Our central objective is to examine the stationarity of Turkey’s real exchange rates to test for the empirical validity of PPP. Our results from conventional univariate unit root tests fail to...
Persistent link: https://www.econbiz.de/10005702700
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Research Scientist Productivity and Firm Size: Evidence from Panel Data on Inventors
Lee, Sangjoon; Kim, Jinyoung - Econometric Society - 2004
of workers specifically engaged in innovation and firm size in the pharmaceutical and semiconductor industries. In both …
Persistent link: https://www.econbiz.de/10005086420
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Impacts of Real exchange Rate Volatility and Real Exchange Rate Misalignment on China
Guangzhong, Li; Voon, Jan P - Econometric Society - 2004
Previous analytical models focused on the effects of the real exchange rate (RER) and the RER volatility on Chinese … aggregate exports. An important and related variable, the RER misalignment, has been hitherto omitted from the analysis. Yet … demonstrate the different cross-industry and cross-country effects on Chinese manufacturing exports. The empirical results confirm …
Persistent link: https://www.econbiz.de/10005342171
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Does Innovation Cause Exports? Evidence from Exogenous Innovation Impulses and Obstacles Using German Micro Data
Lachenmaier, Stefan; Woessmann, Ludger - Econometric Society - 2004
Trade and growth theories predict a mutual causation of innovation and exports. We test empirically whether innovation … the causal effect of innovation on exports in an industrialized country. In this paper we use as reference models a simple … causes exports using a uniquely rich German micro dataset. To overcome the potential endogeneity, we need to identify …
Persistent link: https://www.econbiz.de/10005342172
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Investigación y Desarrollo, Innovación y Productividad: un análisis econométrico a nivel de la firma.
Benavente, José Miguel - Econometric Society - 2004
El principal objetivo de este trabajo ha sido analizar los principales determinantes de las actividades innovativas en la industria manufacturera chilena durante la segunda mitad de los años noventa. Los resultados confirman las principales hipótesis acerca de la importancia del tamaño de la...
Persistent link: https://www.econbiz.de/10005129803
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LABOR MOBILITY OF SCIENTISTS, TECHNOLOGICAL DIFFUSION, AND THE FIRM’S PATENTING DECISION
Kim, Jinyoung; Marschke, Gerald - Econometric Society - 2004
innovation. We find evidence from firm-level panel data that is consistent with this latter result. Our results suggest that …
Persistent link: https://www.econbiz.de/10005702739