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impact of deviations from the long-run sustainable real exchange rate equilibrium on real economic growth rate applying panel …
Persistent link: https://www.econbiz.de/10013252580
using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …
Persistent link: https://www.econbiz.de/10013142797
using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …
Persistent link: https://www.econbiz.de/10003969632
Empirical studies outline developing countries’ experience economic growth through an undervalued exchange rate and that exchange rate overvaluations have negative long term effects on economic growth. This paper examined the impact of exchange rate movements as well as exchange rate...
Persistent link: https://www.econbiz.de/10011956526
Cross- Sectionally Augmented ARDL approach of Chudik and Pesaran (2015b), and the panel threshold estimation of Chudik et al … the International Country Risk Guide database over the 1984 to 2016 period. Based on the recently developed method of …
Persistent link: https://www.econbiz.de/10011955761
period. For this analysis, we use a panel of 27 EU countries for the period 1994–2012, with annual frequency.We find that the …
Persistent link: https://www.econbiz.de/10012991781
period. For this analysis, we use a panel of 27 EU countries for the period 1994–2012, with annual frequency.We find that the …
Persistent link: https://www.econbiz.de/10012992272
period. For this analysis, we use a panel of 27 EU countries for the period 1994-2012, with annual frequency.We find that the …
Persistent link: https://www.econbiz.de/10012992878
In this paper, we revisit the relationship between economic growth and exchange rate misalignments, especially undervaluations. In particular, we ask which countries benefit from undervaluations at most, and whether the impact of undervaluations on growth depends on institutional quality as...
Persistent link: https://www.econbiz.de/10012261830
This paper investigates the performance of the IMF WEO growth forecast revisions across different horizons and country groups. We find that: (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the...
Persistent link: https://www.econbiz.de/10013300855