Journal ArticleDOI
Exchange rate undervaluation and economic growth: Díaz Alejandro (1965) revisited ☆
Pablo Alfredo Gluzmann,Pablo Alfredo Gluzmann,Eduardo Levy-Yeyati,Eduardo Levy-Yeyati,Federico Sturzenegger +4 more
TLDR
This article found that undervaluation does not affect the tradable sector, but does lead to greater domestic savings and investment, as well as employment, for developing countries, and that, in particular, for the developing countries of India and Brazil, it leads to higher domestic savings, investment, and employment.About:
This article is published in Economics Letters.The article was published on 2012-12-01. It has received 101 citations till now. The article focuses on the topics: Investment (macroeconomics) & Exchange rate.read more
Citations
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Posted ContentDOI
The Real Exchange Rate and Economic Growth: Revisiting the Case Using External Instruments
TL;DR: This paper investigated the impact of movements in the real exchange rate on economic growth based on five-year average data for a panel of over 150 countries in the post Bretton Woods period.
Journal ArticleDOI
On the Effectiveness of Exchange Rate Interventions in Emerging Markets
TL;DR: In this paper, the effectiveness of exchange rate interventions for a panel of 18 emerging market economies during the period 2003-2011 was analyzed using an error-correction model approach, finding that on average, intervention is effective in moving the real exchange rate in the desired direction, controlling for deviations from the equilibrium and short-term changes in fundamentals and global financial variables.
Journal ArticleDOI
The real exchange rate and economic growth: Revisiting the case using external instruments
TL;DR: The authors investigated the impact of movements in the real exchange rate on economic growth based on five-year average data for a panel of over 150 countries in the post Bretton Woods period.
Journal ArticleDOI
Does real exchange rate undervaluation really promote economic growth
TL;DR: In this paper, the authors assess the empirical literature on real exchange rate misalignment and growth in light of the extensive discussion about the relationship between income distribution and economic growth in developing economies.
Journal ArticleDOI
Real exchange rate and economic growth in China: A cointegrated VAR approach
TL;DR: In this article, the authors investigated the relationship between the real exchange rate and economic growth in China applying a cointegrated VAR (CVAR) model and found that the Chinese economy has not benefited from the lower exchange rate of the RMB, and no direct linkages exist between the RER and growth in the long run.
References
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Book
The theory of economic development
TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
Journal ArticleDOI
What you export matters
TL;DR: The authors construct an index of the "income level of a country's exports," document its properties, and show that it predicts subsequent economic growth, and demonstrate this propo- sition formally and adduce some empirical support for it.
Journal Article
A theory of economic development.
Gustav Ranis,Fei Jc +1 more
TL;DR: In this article, an attempt is made to make a contribution toward the theory of growth by analyzing the transition process through which an underdeveloped economy hopes to move from a condition of stagnation to one of self sustaining growth.
Journal ArticleDOI
What You Export Matters
TL;DR: The authors construct an index of the "income level of a country's exports," document its properties, and show that it predicts subsequent economic growth, and demonstrate this proposition formally and adduce some empirical support.