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Real Exchange Rate Misalignments and Economic Performance for the G20 Countries
Sallenave, Audrey - In: Economie Internationale (2010) 121, pp. 59-80
We evaluate the growth effects of real effective exchange rate misalignments for the G20 countries over the period 1980 … which misalignments are derived. Second, we estimate a dynamic panel growth model in which among the traditional … determinants of growth, our measure of misalignments is included. Our findings put forward some important differences between …
Persistent link: https://www.econbiz.de/10008852744
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Long-run determinants and misalignments of the real effective exchange rate in the EU
Comunale, Mariarosaria - Lietuvos Bankas - 2015
Exchange rate assessment is becoming increasingly relevant for economic surveillance in the European Union (EU). The persistence of different wage, price and productivity dynamics among the Economic and Monetary Union (EMU) countries or EU members with a fixed exchange regime with the euro,...
Persistent link: https://www.econbiz.de/10011261695
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Interest Rates, Eurobonds and Intra-European Exchange Rate Misalignments: the Challenge of Sustainable Adjustments in the Eurozone.
Duwicquet, Vincent; Mazier, Jacques; Saadaoui, Jamel - Bureau d'Économie Théorique et Appliquée (BETA), … - 2015
The euro zone crisis illustrates the deficiencies of adjustment mechanisms in a monetary union characterized by a large heterogeneity. Exchange rate adjustments being impossible, they are very few alternative mechanisms. At the level of the whole euro zone the euro is close to its equilibrium...
Persistent link: https://www.econbiz.de/10011146223
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Does Income Converge among EU Member Countries following the Post-War Period? Evidence from the PANKPSS Test
Ozcan, Burcu - In: Journal for Economic Forecasting (2014) 3, pp. 22-38
In this study, we examine both stochastic and deterministic convergence in the logarithm of the relative per capita income of eighteen EU countries. The panel stationary test developed by Carrion-i Silvestre et al. (2005) is employed over the period 1950-2010. The univariate results attained...
Persistent link: https://www.econbiz.de/10010938021
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Long-run growth patterns within Asian NIEs: Empirical analysis based on the panel unit root test, allowing the heterogeneity of time trend and endogenous multiple structural breaks
Matsuki, Takashi; Usami, Ryoichi - Volkswirtschaftliche Fakultät, … - 2008
of the Asian financial crisis. Moreover, in order to confirm the coexistence of the different growth patterns within the …
Persistent link: https://www.econbiz.de/10005260211
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Currency Undervaluation and Growth: Is there a Productivity Channel?
Mbaye, Samba - Volkswirtschaftliche Fakultät, … - 2012
Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …
Persistent link: https://www.econbiz.de/10011260337
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Real Exchange Rate Undervaluation and Growth: Is there a Total Factor Productivity Growth Channel?
MBAYE, Samba - Centre d'Études et de Recherches sur le Développement … - 2012
Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …
Persistent link: https://www.econbiz.de/10010736766
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Currency undervaluation and growth: Is there a productivity channel?
Mbaye, Samba - In: Economie Internationale (2013) 133, pp. 8-28
Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: does …
Persistent link: https://www.econbiz.de/10010700465
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The Role of Population, Investment and Technology in the Convergence Process across Spanish Regions
Martín Mayoral, Martín Mayoral , Fernando; … - In: INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH (2009) 16, pp. 169-180
to a large extent to the differences in their population growth rates, which are due mainly to inter-regional migrations. …
Persistent link: https://www.econbiz.de/10010992116
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Aids and Economic Growth: A Human Capital Approach.
McDonald, Scott; Roberts, Jennifer - Department of Economics, University of Sheffield - 2004
It is estimated that by 2001 20 million people had died from AIDS, which is now the world´s fourth biggest cause of death. While the highest prevalence and death rates and number of infected persons are reported for sub-Saharan Africa, where life expectancies at birth are declining rapidly and...
Persistent link: https://www.econbiz.de/10005593092