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This paper examines the impact of Dollar exchange rate volatility on firm productivity in Emerging Markets economies … volatility reduces firm productivity growth. Exploring channels, its finds that the results are driven by countries with low … impact on firm productivty. Further, exploiting firm level data, the paper shows that dollar exchange rate volatility …
Persistent link: https://www.econbiz.de/10015059411
This paper emphasizes the importance of total factor productivity (TFP) developments in the nontradables sector to quantitatively demonstrate that the time-honored Balassa-Samuelson hypothesis does not generally apply to episodes of economic growth. Though the Balassa- Samuelson hypothesis...
Persistent link: https://www.econbiz.de/10005768939
This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for...
Persistent link: https://www.econbiz.de/10015060380
This paper provides new evidence on the exchange rate passthrough to domestic inflation in Sub-Saharan Africa (SSA) using both bilateral US dollar exchange rate and the nominal effective exchange rate (NEER), and monthly data. We find that depreciations cause sizable increases in domestic...
Persistent link: https://www.econbiz.de/10015058609
Persistent link: https://www.econbiz.de/10012690990
Persistent link: https://www.econbiz.de/10012691034
-- IV. ANALYTICAL FRAMEWORK -- V. ESTIMATION RESULTS -- VI. DISCUSSION -- VII. CONCLUSION -- EXPERIENCES OF OTHER COUNTRIES …
Persistent link: https://www.econbiz.de/10012691183
Intro -- Contents -- I. INTRODUCTION -- II. DATA AND METHODOLOGY -- III. MODELING AND INTERPRETING THE EQUILIBRIUM REAL EXCHANGE RATE -- IV. ASSESSING THE EQUILIBRIUM REAL EXCHANGE RATE -- V. CONCLUSIONS -- Appendix: Methodological Problems with Smoothing -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691185
Tanzania's real effective exchange rate (REER) has depreciated sharply since end-2000, reversing the appreciation that took place in the second half of the 1990s. Single-country and panel data estimates, and the external sustainability approach, suggest that Tanzania's REER is currently modestly...
Persistent link: https://www.econbiz.de/10012677457
The significant real exchange rate appreciation in Armenia and Georgia since 2003, coupled with persistent current account deficits, raises the question of whether real exchange rates have become overvalued. This paper seeks to identify possible exchange rate misalignment by applying the...
Persistent link: https://www.econbiz.de/10012677593