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Growth and exchange rate volatility: a panel data analysis.
- Source :
- Applied Economics; Sep2013, Vol. 45 Issue 26, p3733-3741, 9p, 4 Charts
- Publication Year :
- 2013
-
Abstract
- The aim of this article is to assess the role of Real Exchange Rate (RER) volatility on long-run economic growth for a set of 82 advanced and emerging economies, using a panel data set ranging from 1970 to 2009. With an accurate measure for exchange rate volatility, the results for the two-step system Generalized Method of Moments (GMM) panel growth models show that a more (less) volatile RER has a significant negative (positive) impact on economic growth. The results are also robust for different model specifications. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00036846
- Volume :
- 45
- Issue :
- 26
- Database :
- Complementary Index
- Journal :
- Applied Economics
- Publication Type :
- Academic Journal
- Accession number :
- 84221307
- Full Text :
- https://doi.org/10.1080/00036846.2012.730135