The real exchange rate and economic growth: are developing countries different?

The impact of exchange rate on economic growth under different exchange rate regimes (in selected countries developed and developing)

This paper examines the role of different exchange rate regimes on relationship between  exchange rate volatility and economic growth. To investigate this relationship, information of 53 countries with floating and fixed exchange rate regimes in the period of 1987-2016 are considered. GARCH technique is used to estimate exchange rate volatility and Difference GMM technique for estimating the mo...

Exploring the Correlation between Real Exchange Rate Misalignment and Economic Growth in the CEE Countries

Real Exchange Rate Volatility, Economic Growth and the Euro

This paper studies the effect of real effective exchange rate (REER) volatility on economic growth as well as the euro’s effect on REER volatility. We first show that, after a plausible endogeneity correction, REER volatility is negatively associated with growth in a 1980~2011 panel of OECD countries. One standard deviation volatility decrease is associated with about two percentage points (0.8...

Investigating the Relationship between Unemployment Rate and Economic Growth Rate in Iran and Selected Countries

Abstract. According to a rule known as the Okan Law, for one percent decrease (increase) in the unemployment rate, the economic growth rate will increase (decrease) by approximately 0.3 percent. In other words, there is a negative relationship between the unemployment rate and the economic growth rate. This study examines the establishment of this relationship. Contrary to expectations, the rel...

Are Developing Countries Different?

Factors determining the diffusion of digital mobile telephony across 200 developed and developing countries in the 1990s are studied with the aid of a Gompertz model. The market size and network effects are found to play more important roles in the developing countries; there is also more need for complementing innovations in, for example, financial and payment systems. Even though the developi...