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Persistent link: https://www.econbiz.de/10009751136
The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro area countries and reviews some problems with the measures recently proposed in the literature. Theoretical considerations suggest a cointegrating relationship (between import unit...
Persistent link: https://www.econbiz.de/10010295304
This study presents novel empirical evidence on the optimal disaggregated public debt-growth threshold in the WAMZ over … the period 1996-2022. Determining the public debt-growth threshold in a disaggregated form is crucial for macroeconomic … capita income. Furthermore, they show that domestic debt appears to have less negative dampening effects on economic growth …
Persistent link: https://www.econbiz.de/10015045364
Persistent link: https://www.econbiz.de/10014428041
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries. …
Persistent link: https://www.econbiz.de/10010270496
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries. -- long-run economic growth ; real …
Persistent link: https://www.econbiz.de/10003969632
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/10013097165
The relationship between foreign direct investment (FDI) inflows and economic growth in host countries is a heavily … debated issue. Although some studies have found evidence of the positive impact of FDI on economic growth, others have …
Persistent link: https://www.econbiz.de/10012268580
Persistent link: https://www.econbiz.de/10013110131
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries …
Persistent link: https://www.econbiz.de/10013142797