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The aim of this paper is to investigate the link between currency misalignments and economic growth. Relying on panel … misalignments have a differentiated impact on economic growth depending on their sign: whereas overvaluations negatively affect … economic growth, real exchange rate undervaluations significantly enhance it. This result indicates that undervaluations may …
Persistent link: https://www.econbiz.de/10008493437
studies of this kind, but they are too often focused on presenting average productivity growth rates for given periods chosen … the United States, per capita productivity growth accelerated following the trend break at the start of the 1920s, then … describe the trends in US productivity growth throughout the 20 th century. – French and UK productivity started catching up …
Persistent link: https://www.econbiz.de/10005056503
This paper aims at measuring the productivity gap between firms located in six European countries over the period 1996-2007 and to provide some explanations of the observed differences. Our approach is original for two reasons. Firstly the value added and the productivity are valued from the...
Persistent link: https://www.econbiz.de/10008552868
The objective of our work is to show the importance of a healthy institutional framework in the finance-growth relation … governorship and to determine its various measurements. Then, we empirically test a model of growth of Solow increased by the human … capital, treating relation between financial development, institutions and economic growth. The various estimates were made by …
Persistent link: https://www.econbiz.de/10008524027
for Sub-Saharan African countries. The model contains three equations : economic growth, inequality and the rate of … absolute poverty. We divide the effects of FDI on poverty in two opposite mechanisms : a growth effect and an inequality effect …. In addition, we test the causality between growth and inequality following the Kuznets hypothesis. The results show that …
Persistent link: https://www.econbiz.de/10008799438
rejection of this thesis, exchange rate regimes according to their economic performances by referring to economic growth rate … rate regimes, are the most favorable to economic growth. The paper concludes the absence of currency neutrality in case of … African countries and an outperformance of intermediate regimes. The latter are more conductive to economic growth in the case …
Persistent link: https://www.econbiz.de/10015259305
rejection of this thesis, exchange rate regimes according to their economic performances by referring to economic growth rate … rate regimes, are the most favorable to economic growth. The paper concludes the absence of currency neutrality in case of … African countries and an outperformance of intermediate regimes. The latter are more conductive to economic growth in the case …
Persistent link: https://www.econbiz.de/10015259353
We study the nonlinear dynamics of the real exchange rate towards its behavioral equilibrium value (BEER) using a Panel Smooth Transition Regression model framework.We show that the real exchange rate convergence process in the long run is characterized by nonlinearities for emerging economies,...
Persistent link: https://www.econbiz.de/10005062875
Persistent link: https://www.econbiz.de/10005607318
In this paper, we rely on panel cointegration techniques to estimate the equilibrium exchange rate of the CFA Franc according to the BEER approach (Behavioural Equilibrium Exchange Rate). Examination of the CFA Franc estimated misalignments revealed that flexibility for the CFA zone in terms of...
Persistent link: https://www.econbiz.de/10009652079