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Crecimiento económico y desalineación del tipo de cambio real en la República Dominicana: ¿Hay alguna relación?
[Economic growth and the real exchange rate misalignments in the Dominican Republic: Is there a link?]

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  • Cruz-Rodríguez, Alexis

Abstract

The aim of this article is to examine the effect of the real exchange rate misalignment on the economic growth in the Dominican Republic. The paper constructs six measures of exchange rate misalignment. The empirical results indicate that the coefficients for the different measures of RER misalignment are negative in all estimated models and statistically significant in most, which means that a real exchange rate more depreciated has a negative effect on growth long term.

Suggested Citation

  • Cruz-Rodríguez, Alexis, 2015. "Crecimiento económico y desalineación del tipo de cambio real en la República Dominicana: ¿Hay alguna relación? [Economic growth and the real exchange rate misalignments in the Dominican Republic: ," MPRA Paper 70974, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:70974
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    References listed on IDEAS

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    More about this item

    Keywords

    Real exchange rate; exchange rate misalignment; economic growth.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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