The determinants of the real exchange rate: an empirical analysis based on 16 OECD countries for the period of 1995-2015

Detalhes bibliográficos
Autor(a) principal: Salgado, Maria Teresa Guimarães
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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spelling 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
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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
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