This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … levels of the real exchange rates and its volatility. The findings show that financial development has a long-term positive … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …

is supported by recent empirical evidence. Most econometric studies find significant effects of RERs on exports and … growth, but subject to numerous qualifications. For example, RER effects on exports differ by type of goods exported, while …

available within society. This availability is represented by innovation capacity. I model and show empirically, that volatility … affects growth differently depending on available innovation capacity. The model predicts that abundant innovation capacity … can result in a positive effect of volatility on growth. I do not find empirical evidence for a positive effect. However …

liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also …

National Innovation System (NIS) and the real exchange rate (RER) in an export-led growth model. Formally, this work presents … growth elasticity in relation to exports, the price elasticity of exports and the elasticity of productivity growth relative …