The goal of this paper is to investigate whether nominal devaluations had real output growth effects in Mexico and, if so, to assess the significance and duration of such effects. A random coefficient regression model to evaluate the output growth effects of 1976, 1982 and 1986 devaluations...

In economics, the number of observations available for empirical work is often predetermined. Researchers assume some large sample distribution and carry through with measurement and testing applied to data sets of varying sizes. The consequences of sampling variability are generally ignored. It...