Cuestas, Juan Carlos; Mourelle, Estefania - In: Applied Economics 43 (2011) 2, pp. 243-258
In this article, we aim at modelling the long-run behaviour of the Real Effective Exchange Rates (REER) for a pool of African countries. Not much attention has been paid to this group of countries, in particular, to the existence of nonlinearities in the long-run path of such a variable....