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Purchasing Power Parity for Developing and Developed Countries : What can we Learn from Non-Stationary Panel Data Models?
Drine, Imed; Rault, Christophe - 2021
) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 … developed and developing countries. We find that strong PPP is verified for OECD countries and weak PPP for MENA countries …. However in African, Asian, Latin American and Central and Eastern European countries, PPP does not seem relevant to …
Persistent link: https://www.econbiz.de/10013316947
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The Real Exchange Rate and Growth in Zimbabwe : Does the Currency Regime Matter?
Brixiova, Zuzana - 2014
Zimbabwe faces growth and external competitiveness challenges, as indicated by its low trend growth and investment, declining share in the world exports, high current account deficits, and external debt. The stock-flow approach to the equilibrium exchange rate reveals that the real exchange rate...
Persistent link: https://www.econbiz.de/10013047877
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The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia
Brixiova, Zuzana - 2013
Egypt, Morocco and Tunisia face challenges competing on the global markets, as shown by their relatively low and stagnant export shares. The limited export competitiveness has hampered external demand, growth and employment. Applying, for the first time to North Africa, the stock-flow approach...
Persistent link: https://www.econbiz.de/10013071447
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Firm Dynamics and Real Exchange Rate Fluctuations : Does Trade Openness Matter? Evidence from Mexico’s Manufacturing Sector
Fuentes, Miguel - 2009
In this paper we study the effect of NAFTA on the responsiveness of Mexican economy to real exchange rate shocks. We argue that, by opening the U.S. and Canadian markets to Mexican goods, NAFTA made it easier for domestic producers to take advantage of the opportunities brought by the...
Persistent link: https://www.econbiz.de/10013155309
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Employment and Exchange Rates : The Role of Openness and Technology
Alexandre, Fernando - 2009
Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. This paper...
Persistent link: https://www.econbiz.de/10013159338
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A Global Count of the Extreme Poor in 2012 : Data Issues, Methodology and Initial Results
Ferreira, Francisco H. G. - 2015
The 2014 release of a new set of purchasing power parity conversion factors (PPPs) for 2011 has prompted a revision of the international poverty line. In order to preserve the integrity of the goalposts for international targets such as the Sustainable Development Goals and the World Bank's twin...
Persistent link: https://www.econbiz.de/10013012824
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Global Poverty Goals and Prices : How Purchasing Power Parity Matters
Jolliffe, Dean - 2015
With the recent release of the 2011 purchasing power parity (PPP) data from the International Comparison Program (ICP … previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … suggest that developing countries' incomes in PPP-adjusted dollars are significantly higher than indicated by the 2005 PPP …
Persistent link: https://www.econbiz.de/10013021955
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VC - A Method for Estimating Time-Varying Coefficients in Linear Models
Schlicht, Ekkehart - 2020
This paper describes a moments estimator for a standard state-space model with coefficients generated by a random walk. A penalized least squares estimation is linked to the GLS (Aitken) estimates of the corresponding linear model with time-invariant parameters. The VC estimates are moments...
Persistent link: https://www.econbiz.de/10012843151
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Fixed Exchange-Rate Policy and Real Wage Growth : Quasi-Experimental Evidence
Andini, Corrado - 2014
Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian full-time workers with permanent contracts, on...
Persistent link: https://www.econbiz.de/10013039598
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The Impacts of the Dollar-Renminbi Exchange Rate Misalignment on the China-United States Commodity Trade : An Asymmetric Analysis
Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, … - 2022
Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...
Persistent link: https://www.econbiz.de/10014083735