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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| Main Authors: | , |
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| Language: | English |
| Published: |
Universidad de Chile. Departamento de Economía
2018
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| Subjects: | |
| Online Access: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862018000100005 |
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