Bermúdez, Cecilia; Dabús, Carlos - In: Estudios de economía 45 (2018) 1, pp. 5-28
This paper explores the real exchange rate (RER)-economic growth relationship for a wide sample of countries over the period 1960-2009. After removing influential observations, the system-GMM estimates suggest a positive link between an undervalued RER and growth in non-industrial countries,...
