Growth and exchange rate volatility: a panel data analysis

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.

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Year of publication:	2013
Authors:	Vieira, F. V. ; Holland, M. ; Silva, C. Gomes da ; Bottecchia, L. C.
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 45.2013, 26, p. 3733-3741
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010619021