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crises ; Current account reversals ; Treatment Model ; Discrete dependent variable ; Efficient Importance Sampling ; Panel …
Persistent link: https://www.econbiz.de/10009007638
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
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
Several empirical studies are concerned with measuring the effect of currency and current account crises on economic growth. Using different empirical models this paper serves two aspects. It provides an explicit assessment of country specific factors influencing the costs of crises in terms of...
Persistent link: https://www.econbiz.de/10012725907
, using quarterly data from 1995 to 2020. Through the use of panel Granger causality tests and a panel SUR model, we conclude … that the relationship is bi-directional for the EU panel as a whole. We find that, before 2010, the impact of the budget …
Persistent link: https://www.econbiz.de/10013212136
Several empirical studies are concerned with measuring the effect of currency and current account crises on economic growth. Using different empirical models this paper serves two aspects. It provides an explicit assessment of country specific factors influencing the costs of crises in terms of...
Persistent link: https://www.econbiz.de/10010296297
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/10010270496
developing economies over the period 1970–99 and conducts a panel data study on the relationship between trade balance to GDP … percentages in the panel data framework. We consider the endogeneity of growth variable and lagged effects through a dynamic … higher growth in developing economies. – liberalization ; panel data ; dynamic ; terms of trade ; oil …
Persistent link: https://www.econbiz.de/10010279165
The Chinese government has been hesitant to revalue the yuan out of concern over the negative impact revaluation would have on the domestic economy. To maintain a stable exchange rate, however, the authorities have had no choice but to tolerate large balance of payment surpluses and a rapid...
Persistent link: https://www.econbiz.de/10014055361
parametric dynamic panel regression model to account more thoroughly for the business cycle. Zooming in on the potential causes …
Persistent link: https://www.econbiz.de/10012866042