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Sustained exchange rate misalignment and economic development
Martins, Guilherme Klein; Razmi, Arslan - 2022
Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital...
Persistent link: https://www.econbiz.de/10013467125
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Sustained exchange rate misalignment and economic development
Martins, Guilherme Klein; Razmi, Arslan - 2022
Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital...
Persistent link: https://www.econbiz.de/10012807582
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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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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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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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Comparative analysis of nominal and real convergence in West African Monetary Zone (WAMZ): Time varying parameter approach
Olowofeso, Olorunsola E.; Wadda, Ebrima N.; Loua, Joachim; … - 2023
GDP growth rate data from 1980 to 2022 is used to evaluate real convergence among member states. The findings of the study …
Persistent link: https://www.econbiz.de/10015045941
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Comparative analysis of nominal and real convergence in West African Monetary Zone (WAMZ) : time varying parameter approach
Olowofeso, Olorunsola E.; Wadda, Ebrima N.; Loua, Joachim; … - 2023
GDP growth rate data from 1980 to 2022 is used to evaluate real convergence among member states. The findings of the study …
Persistent link: https://www.econbiz.de/10015045367
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Measuring Long-Run Exchange Rate Pass-Through
Kozluk, Tomasz; Banerjee, Anindya; de Bandt, Olivier - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-6, pp. 1-36
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
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Measuring Long-Run Exchange Rate Pass-Through
Kozluk, Tomasz; Banerjee, Anindya; de Bandt, Olivier - In: Economics - The Open-Access, Open-Assessment E-Journal 2 (2008), pp. 1-36
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/10005083005
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Regional and subregional analyses of macroeconomic policy strategies for growth and equality in Southern Africa
Sahoo, Dukhabandhu; Mishra, Diptimayee; Sahoo, Auro Kumar; … - 2020
, allowing an understanding of growth and inequality in the region. The region has experienced Ø- and σ-convergence …; however, growth rates of per capita gross domestic product are low at aggregate and sectoral levels. At sectoral level, the … sectors such as education and health can enhance growth rate, whereas the overall revenue expenditure retards growth …
Persistent link: https://www.econbiz.de/10012424163