Nouira, Ridha; Plane, Patrick; Sekkat, Khalid - In: Journal of Comparative Economics 39 (2011) 4, pp. 584-601
Recent literature suggests that a proactive exchange rate policy in accordance with price incentives (i.e. undervaluation) can foster manufactured exports and growth. This paper is built on these recent developments and investigates, using a sample of 52 developing countries, whether such a...