The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/104283 |
Resumo: | Why do we observe significant disparities in the relative price levels across countries? What should we claim as the main drivers of the real exchange rates? Our work investigatesthe validity of theBalassa-Samuelson(BS)hypothesis using a panel of 16 OECD countries overthe period of 1995-2015. Controlling for other potential determinants of the RERand using different alternativesto proxy for productivity levels across sectors,we conclude that the BS effect is significantand robust for the different proxies tested. However, terms of trade alsoreveal a strongexplanatory power. |
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The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015Real exchange rateBalassa-Samuelson hypothesisPPP theoryFixed effectsDomínio/Área Científica::Ciências Sociais::Economia e GestãoWhy do we observe significant disparities in the relative price levels across countries? What should we claim as the main drivers of the real exchange rates? Our work investigatesthe validity of theBalassa-Samuelson(BS)hypothesis using a panel of 16 OECD countries overthe period of 1995-2015. Controlling for other potential determinants of the RERand using different alternativesto proxy for productivity levels across sectors,we conclude that the BS effect is significantand robust for the different proxies tested. However, terms of trade alsoreveal a strongexplanatory power.Freitas, Miguel Lebre deRUNSalgado, Maria Teresa Guimarães2021-01-21T01:30:39Z2020-01-212020-01-032020-01-21T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/104283TID:202492362enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:49:49Zoai:run.unl.pt:10362/104283Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:40:12.009863Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015 |
title |
The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015 |
spellingShingle |
The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015 Salgado, Maria Teresa Guimarães Real exchange rate Balassa-Samuelson hypothesis PPP theory Fixed effects Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015 |
title_full |
The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015 |
title_fullStr |
The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015 |
title_full_unstemmed |
The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015 |
title_sort |
The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015 |
author |
Salgado, Maria Teresa Guimarães |
author_facet |
Salgado, Maria Teresa Guimarães |
author_role |
author |
dc.contributor.none.fl_str_mv |
Freitas, Miguel Lebre de RUN |
dc.contributor.author.fl_str_mv |
Salgado, Maria Teresa Guimarães |
dc.subject.por.fl_str_mv |
Real exchange rate Balassa-Samuelson hypothesis PPP theory Fixed effects Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Real exchange rate Balassa-Samuelson hypothesis PPP theory Fixed effects Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Why do we observe significant disparities in the relative price levels across countries? What should we claim as the main drivers of the real exchange rates? Our work investigatesthe validity of theBalassa-Samuelson(BS)hypothesis using a panel of 16 OECD countries overthe period of 1995-2015. Controlling for other potential determinants of the RERand using different alternativesto proxy for productivity levels across sectors,we conclude that the BS effect is significantand robust for the different proxies tested. However, terms of trade alsoreveal a strongexplanatory power. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-01-21 2020-01-03 2020-01-21T00:00:00Z 2021-01-21T01:30:39Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/104283 TID:202492362 |
url |
http://hdl.handle.net/10362/104283 |
identifier_str_mv |
TID:202492362 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799138017374371840 |