The Balassa-Samuelson effect: A panel data approach: Comparison between fixed, intermediate and flexible exchange rate regimes - Couverture souple

Bernstein, Maria

 
9786202211017: The Balassa-Samuelson effect: A panel data approach: Comparison between fixed, intermediate and flexible exchange rate regimes
Couverture souple
ISBN 10 : 6202211016 ISBN 13 : 9786202211017
Editeur : AV Akademikerverlag, 2018

Synopsis

Assuming that emerging and developing countries restructure their economy, rapid productivity growth in their industrial sectors is expected. When productivity growth in an emerging market economy is higher than in the chosen industrial country, inflation will be higher in the emerging country. Thus, the consumer price index-based real exchange rate will appreciate in the long run. The annual data set in this paper consists of three 19-year panels from 1996 to 2015. The emerging market economies are allocated to a rough exchange rate classification containing fixed, managed floating and free floating regimes. The Im-Pesaran-Shin panel unit root and Pedroni´s panel cointegration techniques are applied to the two stages of the Balassa-Samuelson hypothesis for each exchange rate regime panel. The impact of the effect on inflation and real appreciation suggests evidence that the simple Balassa-Samuelson effect alone cannot account for the productivity effects.

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Éditeur
AV Akademikerverlag
Date d'édition
2018
Langue
anglais
ISBN 10 
6202211016
ISBN 13 
9786202211017
Reliure
Broché
Nombre de pages
76
Coordonnées du fabricant
non disponible
Personne responsable
info@bod.de
info@bod.de

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