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Exchange-rate regimes and economic growth: An empirical evaluation

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Sosvilla-Rivero, Simón and Ramos-Herrera, María del Carmen (2014) Exchange-rate regimes and economic growth: An empirical evaluation. Applied Economics Letters, 21 (12). pp. 870-873. ISSN 1350-4851

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Official URL: http://www.tandfonline.com/loi/rael20#.VW3gF8_tmkp



Abstract

Based on a dataset of 123 economies, this paper empirically investigates the relation between exchange-rate regimes and economic growth. We find that growth performance is best under intermediate exchange rate regimes, while the smallest growth rates are associated with flexible exchange rates. Nevertheless, this conclusion is tempered when we analyze the countries by income level: even though countries that adopt intermediate exchange-rate regimes are characterized by higher economic growth, the higher the level of income, less difference in growth performance across exchange rate regimes.


Item Type:Article
Uncontrolled Keywords:Exchange rate regime; Economic growth
Subjects:Social sciences > Economics > Economic development
Social sciences > Economics > Econometrics
Social sciences > Economics > World economy
JEL:E42, F31
ID Code:30649
Deposited On:03 Jul 2015 10:23
Last Modified:19 Dec 2018 09:59

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