Exchange rate regimens and economic growth in developing countries

被引:0
|
作者
Lasarte Navamuel, Elena [1 ]
Perez Rivero, Jose Luis [1 ]
机构
[1] Univ Oviedo, Dept Econ Aplicada, Oviedo, Asturias, Spain
来源
CUADERNOS DE ECONOMIA-SPAIN | 2015年 / 38卷 / 106期
关键词
Exchange rate regimes; Economic growth; Developing countries;
D O I
10.1016/j.cesjef.2014.04.002
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes the relationship between exchange rate regimes and economic growth by using a panel data of 147 developing countries over the years from 1970 to 2007. An "unambiguous" classification derived from the most popular exchange rate regime classifications (IMF, LYS, RR, KS and GGW) is used, in which the observations are divided in a dichotomous criterion between pegged and non-pegged. by applying a dynamic system-GMM panel estimation in a growth equation, no statistically significant evidence was found of a relationship between pegged exchange rate regimes and economic growth in developing countries. (C) 2014 Asociacion Cuadernos de Economia. Published by Elsevier Espana, S.L. All rights reserved.
引用
收藏
页码:11 / 26
页数:16
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