Going under to stay on top: How much real exchange rate undervaluation is needed to boost growth in developing countries

Abstract: This paper explores the real exchange rate (RER)-economic growth relationship for a wide sample of countries over the period 1960-2009. After removing influential observations, the system-GMM estimates suggest a positive link between an undervalued RER and growth in non-industrial countrie...

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Autores principales: Bermúdez,Cecilia, Dabús,Carlos
Lenguaje:English
Publicado: Universidad de Chile. Departamento de Economía 2018
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Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862018000100005
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