Economic growth and exchange rate uncertainty

Autor:	Joseph Tharakan
Rok vydání:	1999
Předmět:	Macroeconomics Economics and Econometrics Endogenous growth theory Exchange rate Openness to experience Economics Econometrics Oecd countries
Zdroj:	Applied Economics. 31:347-358
ISSN:	1466-4283 0003-6846
DOI:	10.1080/000368499324336
Popis:	Recent research carried out within the framework of endogenous growth theory has confirmed the positive impact of the openness of an economy on its economic growth. This paper extends that line of investigation further and analyses the effect of exchange rate uncertainty (ERU) on growth. First, it is shown theoretically how ERU can adversely affect the endogenous growth process. Exchange rate uncertainty is then quantified for 21 OECD countries. Finally, panel regressions which use the above measures of ERU together with other determinants are carried out to explain the growth rates of the above group of countries. Results show that exchange rate uncertainty has a negative impact on long-term growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1f5e76658cf4446f0f4255a643b1183e https://doi.org/10.1080/000368499324336 Zobrazit plný text záznamu Plný text ve formátu PDF