Volatilidade Cambial e Crescimento Econômico: Teorias e Evidências para Economias em Desenvolvimento e Emergentes (1980 e 2007)
AbstractIn this paper we investigate the relationship between economic growth and exchange rate volatility in emerging and developing countries. We pointed out channels of influence of exchange rate volatility on the growth of economies, through investment, trade flows, asymmetric shocks and capital market. A model that relates the economic growth and exchange rate volatility is estimated on a panel data of 90 emerging and developing countries between 1980 and 2007. Estimates show that exchange rate volatility has significant negative effect on economic growth, suggesting the importance of policies that contribute to the greater stability of exchange rates.
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Bibliographic InfoArticle provided by ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics] in its journal Economia.
Volume (Year): 12 (2011)
Issue (Month): 2 ()
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Postal: Secretaria da ANPEC Rua Tiradentes, 17 - Ingá Niterói, RJ 24210-510 Brazil
Other versions of this item:
- Eliane Cristina de Araújo, 2011. "Volatilidade Cambial eCrescimento Econômico: Teorias e Evidencias para Economias emDesenvolvimento e Emergentes (1980 e 2007)," Anais do XXXVII Encontro Nacional de Economia [Proceedings of the 37th Brazilian Economics Meeting] 105, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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