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Dutch disease, real effective exchange rate misalignments and their effect on GDP growth in EU

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  • Comunale, Mariarosaria

Abstract

In this article we study the impact of real effective exchange rate misalignments, based on determinants including different types of foreign capital inflows, on GDP growth in the EU. For this analysis, we use a panel of 27 EU countries for the period 1994–2012, with annual frequency.

Suggested Citation

  • Comunale, Mariarosaria, 2017. "Dutch disease, real effective exchange rate misalignments and their effect on GDP growth in EU," Journal of International Money and Finance, Elsevier, vol. 73(PB), pages 350-370.
  • Handle: RePEc:eee:jimfin:v:73:y:2017:i:pb:p:350-370
    DOI: 10.1016/j.jimonfin.2017.02.012
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    Citations

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    Cited by:

    1. Mariarosaria Comunale, 2017. "A panel VAR analysis of macro-financial imbalances in the EU," Bank of Lithuania Working Paper Series 40, Bank of Lithuania.
    2. Mariarosaria Comunale, 2017. "Synchronicity of real and financial cycles and structural characteristics in EU countries," CEIS Research Paper 414, Tor Vergata University, CEIS, revised 25 Sep 2017.
    3. Fidora, Michael & Giordano, Claire & Schmitz, Martin, 2017. "Real exchange rate misalignments in the euro area," Working Paper Series 2108, European Central Bank.
    4. repec:onb:oenbfi:y:2018:i:q3-18:b:13 is not listed on IDEAS
    5. repec:eee:jeborg:v:142:y:2017:i:c:p:140-163 is not listed on IDEAS
    6. Beckmann, Joscha & Czudaj, Robert, 2017. "Capital flows and GDP in emerging economies and the role of global spillovers," Journal of Economic Behavior & Organization, Elsevier, vol. 142(C), pages 140-163.
    7. Comunale, Mariarosaria, 2018. "Current account and real effective exchange rate misalignments in Central Eastern EU countries: An update using the macroeconomic balance approach," Economic Systems, Elsevier, vol. 42(3), pages 414-436.
    8. repec:sph:rjedep:v:7:y:2018:i:4:p:29-42 is not listed on IDEAS
    9. Claire Giordano, 2018. "Price and cost competitiveness misalignments of the euro area and of its main economies according to a quarterly BEER model, 1999-2017," Questioni di Economia e Finanza (Occasional Papers) 444, Bank of Italy, Economic Research and International Relations Area.

    More about this item

    Keywords

    Real effective exchange rate; Behavioral effective exchange rate; Foreign capital inflows; FDIs; Dutch disease; GDP growth; European Union;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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