A panel data investigation of real exchange rate misalignment and growth

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries using time series data from 1980 to 2004. We first estimate a panel data model (fixed and random effects) for the real exchange rate in order to produce estimates of the equilibrium re...

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Bibliographic Details
Main Authors: Flávio Vilela Vieira, Ronald MacDonald
Format: Article
Language:English
Published: Universidade de São Paulo 2012-09-01
Series:Estudos Econômicos
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612012000300001&lng=en&tlng=en