The real exchange rate and economic development

Structural Change and Economic Dynamics - Tập 23 Số 2 - Trang 151-169 - 2012
Arslan Razmi1, Martín Rapetti1, Peter Skøtt1
1Department of Economics, University of Massachusetts, Amherst, MA 01003, United States

Tóm tắt

Từ khóa


Tài liệu tham khảo

Bahmani-Oskoee, 2010, On the relation between currency depreciation and domestic investment, Journal of Post Keynesian Economics, 32, 645, 10.2753/PKE0160-3477320409

Bahmani-Oskoee, 1998, Long-run price elasticities and the Marshall-Lerner condition revisited, Economics Letters, 61, 101, 10.1016/S0165-1765(98)00147-5

Barro, R.J., Lee, J.-W., 2000. International data on educational attainment: Updates and implications. Working Paper 42, April, Center for International Development, Harvard University, Harvard.

Berg, A., Ostry, J.D., Zettelmeyer, J., 2008. What makes growth sustained? Working Paper 08/59, March, International Monetary Fund, Washington, DC.

Blecker, 1999, Kaleckian macro models for open economies

Blecker, 2008, The contractionary short-run effects of nominal devaluation in developing countries: some neglected nuances, Cambridge Journal of Economics, 32, 83, 10.1093/cje/bem021

Blecker, 2002, Distribution, demand and growth in neo-Kaleckian macro models

Calvo, 2002, The fear of floating, Quarterly Journal of Economics, CXVII, 379, 10.1162/003355302753650274

Campa, 1999, Investment, pass-through, and exchange rates: a cross-country comparison, International Economic Review, 40, 287, 10.1111/1468-2354.00016

Chinn, M. Wei, S.-J., 2008. A faith-based initiative: Does a flexible exchange rate regime really facilitate current account adjustment? Technical Report 14420, National Bureau of Economic Research.

Fisher, 1933, The debt-deflation theory of great depressions, Econometrica, 1, 337, 10.2307/1907327

Flaschel, 2006, Steindlian models of growth and stagnation, Metroeconomica, 57, 303, 10.1111/j.1467-999X.2006.00245.x

Gala, 2008, Real exchange rate levels and economic development: theoretical analysis and econometric evidence, Cambridge Journal of Economics, 32, 273, 10.1093/cje/bem042

Hausmann, 2005, Growth accelerations, Journal of Economic Growth, 10, 303, 10.1007/s10887-005-4712-0

Heston, A., Summers, R., Aten, B., 2006. Penn World Table version 6.2. Technical report, May, Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania.

Kaldor, 1966

Kaufmann, D., Kraay, A., Mastruzzi, M., 2008. Governance matters vii: aggregate and individual governance indicators, 1996–2007. Technical Report 4654, World Bank Policy Research Working Paper, Washington, DC.

Keynes, 1936

Krugman, 1987, The narrow moving band, the Dutch disease, and the competitive consequences of Mrs. Thatcher: notes on trade in the presence of dynamic scale economies, Journal of Development Economics, 27, 41, 10.1016/0304-3878(87)90005-8

Kuijs, L., 2006. How will China's saving-investment balance evolve? Working Paper 3958, July, World Bank, Washington, DC.

LABORSTA, 2009

Levy-Yeyati, E., Sturzenegger, F., 2007. Fear of appreciation. Policy Research Working Paper 4387, November, The World Bank, Washington, DC.

Meese, 1983, Empirical exchange rate models of the seventies. Do they fit out of sample?, Journal of International Economics, 14, 3, 10.1016/0022-1996(83)90017-X

Polterovich, V., Popov, V., 2002. Accumulation of foreign exchange reserves and long term growth. Technical report, New Economic School.

Porcile, G., Lima, G.T., 2010. Real exchange rate and elasticity of labour supply in a balance-of-payments-constrained macrodynamics. Cambridge Journal of Economics 34(6), 1019–1039.

Prasad, 2007, Foreign capital and economic growth, Brookings Papers on Economic Activity, 1, 1

Rapetti, M., 2011. Macroeconomic policy coordination in a competitive real exchange rate strategy for development. Working Paper 2011-09, June, University of Massachusetts, Amherst, MA.

Rapetti, M., Skott, P., Razmi, A., 2011. The real exchange rate and economic growth: are developing countries different? Working Paper 2011-07, May, University of Massachusetts, Amherst, MA.

Razin, O., Collins, S., 1997. Real exchange rate misalignments and growth. Working Paper 6174, September, National Bureau for Economic Research, Cambridge, MA.

Rodrik, 1997, Trade strategy, investment and export: another look at East Asia, Pacific Economic Review, 2, 1, 10.1111/1468-0106.t01-1-00020

Rodrik, 2008, The real exchange rate and economic growth, Brookings Papers on Economic Activity, 2, 365, 10.1353/eca.0.0020

Rodrik, D., 2009. Growth after the crisis. Working Paper 65, Commission on Growth and Development, Washington, DC.

Ros, 1998, Dynamic effects of trade liberalization and currency overvaluation under conditions of increasing returns, The Manchester School of Economic and Social Studies, 66, 466, 10.1111/1467-9957.00118

Thirlwall, 1979, The balance of payments constraint as an explanation of international growth rate differences, Banca Nazionale del Lavoro Quarterly Review, XXXII, 45

Wang, 2008

World Bank, 2007. China: Quarterly Update. Technical report, February, The World Bank, Washington, DC.