Exchange Rate Volatility and Economic Growth

被引：31
|
作者：
Barguellil, Achouak [1 ]
Ben-Salha, Ousama [2 ,3 ]
Zmami, Mourad [2 ,4 ]
机构：
[1] Univ Tunis El Manar, Tunis 2092, Tunisia
[2] Northern Border Univ, Ar Ar 91431, Saudi Arabia
[3] Univ Sousse, Sousse, Tunisia
[4] Univ Tunis, Tunis, Tunisia
来源：
JOURNAL OF ECONOMIC INTEGRATION | 2018年 / 33卷 / 02期
关键词：
Economic Growth; Exchange Rate Volatility; Developing Countries; Financial Openness; Exchange Rate Regime;
D O I：
10.11130/jei.2018.33.2.1302
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the impact of exchange rate volatility on economic growth. An empirical investigation based on a sample of 45 developing and emerging countries over the period of 1985 similar to 2015 is conducted using the difference and system generalized method of moments estimators. Findings suggest that the generalized autoregressive conditional heteroskedasticity-based measure of nominal and real exchange rate volatility has a negative impact on economic growth. Also, the effect of exchange rate volatility depends on the exchange rate regimes and financial openness, that is, volatility is more harmful when countries adopt flexible exchange rate regimes and financial openness.
引用
收藏
页码：1302 / 1336
页数：35
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