Growth and exchange rate volatility: a panel data analysis

Detalhes bibliográficos
Autor(a) principal: Brito, Márcio Holland de
Data de Publicação: 2011
Outros Autores: Vieira, Flávio Vilela, Silva, Cleomar Gomes da, Bottecchia Filho, Luiz Carlos Tadeu
Tipo de documento: Artigo
Idioma: por
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/8502
Resumo: The aim of this article is to assess the role of real effective exchange rate volatility on long-run economic growth for a set of 82 advanced and emerging economies using a panel data set ranging from 1970 to 2009. With an accurate measure for exchange rate volatility, the results for the two-step system GMM panel growth models show that a more (less) volatile RER has significant negative (positive) impact on economic growth and the results are robust for different model specifications. In addition to that, exchange rate stability seems to be more important to foster long-run economic growth than exchange rate misalignment
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spelling Brito, Márcio Holland deVieira, Flávio VilelaSilva, Cleomar Gomes daBottecchia Filho, Luiz Carlos TadeuEscolas::EESP2011-08-04T21:20:11Z2011-08-04T21:20:11Z2011-08-04http://hdl.handle.net/10438/8502The aim of this article is to assess the role of real effective exchange rate volatility on long-run economic growth for a set of 82 advanced and emerging economies using a panel data set ranging from 1970 to 2009. With an accurate measure for exchange rate volatility, the results for the two-step system GMM panel growth models show that a more (less) volatile RER has significant negative (positive) impact on economic growth and the results are robust for different model specifications. In addition to that, exchange rate stability seems to be more important to foster long-run economic growth than exchange rate misalignmentporTextos para discussão EESP ; 296Exchange rate volatilityEconomic growthPanel data analysisEconomiaDesenvolvimento econômicoCâmbioAnálise de painelGrowth and exchange rate volatility: a panel data analysisinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALTD 296 - Marcio Holland.pdfTD 296 - Marcio Holland.pdfapplication/pdf282293https://repositorio.fgv.br/bitstreams/f57eeab6-1d6c-4d31-96fd-fe24e19ac7fb/downloadcac6e15e7cabc4bcef900beedd4056d3MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/536b58f5-abaf-4e1f-819f-a747f10ad40f/downloaddfb340242cced38a6cca06c627998fa1MD52TEXTTD 296 - Marcio Holland.pdf.txtTD 296 - Marcio 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dc.title.por.fl_str_mv Growth and exchange rate volatility: a panel data analysis
title Growth and exchange rate volatility: a panel data analysis
spellingShingle Growth and exchange rate volatility: a panel data analysis
Brito, Márcio Holland de
Exchange rate volatility
Economic growth
Panel data analysis
Economia
Desenvolvimento econômico
Câmbio
Análise de painel
title_short Growth and exchange rate volatility: a panel data analysis
title_full Growth and exchange rate volatility: a panel data analysis
title_fullStr Growth and exchange rate volatility: a panel data analysis
title_full_unstemmed Growth and exchange rate volatility: a panel data analysis
title_sort Growth and exchange rate volatility: a panel data analysis
author Brito, Márcio Holland de
author_facet Brito, Márcio Holland de
Vieira, Flávio Vilela
Silva, Cleomar Gomes da
Bottecchia Filho, Luiz Carlos Tadeu
author_role author
author2 Vieira, Flávio Vilela
Silva, Cleomar Gomes da
Bottecchia Filho, Luiz Carlos Tadeu
author2_role author
author
author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.author.fl_str_mv Brito, Márcio Holland de
Vieira, Flávio Vilela
Silva, Cleomar Gomes da
Bottecchia Filho, Luiz Carlos Tadeu
dc.subject.por.fl_str_mv Exchange rate volatility
Economic growth
Panel data analysis
topic Exchange rate volatility
Economic growth
Panel data analysis
Economia
Desenvolvimento econômico
Câmbio
Análise de painel
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Desenvolvimento econômico
Câmbio
Análise de painel
description The aim of this article is to assess the role of real effective exchange rate volatility on long-run economic growth for a set of 82 advanced and emerging economies using a panel data set ranging from 1970 to 2009. With an accurate measure for exchange rate volatility, the results for the two-step system GMM panel growth models show that a more (less) volatile RER has significant negative (positive) impact on economic growth and the results are robust for different model specifications. In addition to that, exchange rate stability seems to be more important to foster long-run economic growth than exchange rate misalignment
publishDate 2011
dc.date.accessioned.fl_str_mv 2011-08-04T21:20:11Z
dc.date.available.fl_str_mv 2011-08-04T21:20:11Z
dc.date.issued.fl_str_mv 2011-08-04
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/8502
url http://hdl.handle.net/10438/8502
dc.language.iso.fl_str_mv por
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dc.relation.ispartofseries.por.fl_str_mv Textos para discussão EESP ; 296
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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