88
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

The real exchange rate and productivity differentials: a panel cointegration approach

Pages 313-318 | Published online: 25 Feb 2008

References

  • Bahmani-Oskooee , M and Rhee , JH . 1996 . Time-series support for Balassa's productivity-bias hypothesis: evidence from Korea . Review of International Economics , 4 : 364 – 70 .
  • Balassa , B . 1964 . The purchasing-power-parity doctrine, a reappraisal . Journal of Political Economy , 72 : 584 – 96 .
  • Bergin , PR , Glick , R and Taylor , A . 2004 . Productivity tradability, and the long-run price puzzle, NBER, Working Paper No. 10569
  • Camarero , M and Tamarit , C . 2002 . A panel cointegration approach to the estimation of the Peseta real exchange rate . Journal of Macroeconomics , 24 : 371 – 93 .
  • Canzoneri , M , Cumby , R and Dida , B . 1999 . Relative labour productivity and the real exchange rate in the long run: evidence for panel of OECD countries . Journal of International Economics , 47 : 245 – 66 .
  • Drine , I , Égert , B , Lommatzsch , K and Rault , C . 2003 . The Balassa–Samuelson effect in Central and Eastern Europe: myth or reality? William Davidson Institute Working Paper No. 483
  • Groningen Growth & Development Centre. Website: . The data were originally published in van Ark, B. (1996), Sectoral growth accounting and structural change in post-war Europe, in Quantitative Aspects of Post-war European Economic Growth (Eds) B. van Ark and N.F.R. Crafts, CEPR/Cambridge University Press, pp. 84–164 http://www.ggdc.net/index-dseries.html (http://www.ggdc.net/index-dseries.html)
  • Hsieh , D . 1982 . The Determination of the real exchange rate: the productivity approach . Journal of International Economics , 12 : 355 – 62 .
  • Im , KS , Pesaran , MH and Shin , Y . 2003 . Testing for unit roots in heterogeneous panels . Journal of Econometrics , 115 : 53 – 74 .
  • Mark , N and Choi , D . 1997 . Real exchange rate prediction over long horizons . Journal of International Economics , 43 : 29 – 60 .
  • Micossi , S and Milessi-Ferreti , GM . 1994 . Real exchange rate and the prices of nontradable goods IMF Working Paper No. 94/19
  • McCoskey , S and Kao , C . 2001 . A Monte Carlo comparison of tests for cointegration in panel data . Journal of Propagations in Probability and Statistics , 1 : 165 – 98 .
  • Prais , SJ and Winsten , CB . 1954 . Trend estimators and serial correlation Cowles Commission, Discussion Paper No. 383
  • Rault , C . 2003 . Real exchange rate long-run determinants for MENA countries: a reassessment Research Note in International Advances in Economic Research, pp. 84–7
  • Rogoff , K . 1992 . Traded goods consumption smoothing and random walk. Behaviour of the real exchange rate . Bank of Japan Monetary and Economic Studies , 10 : 1 – 29 .
  • Samuelson , PA . 1964 . Theoretical notes on trade problems . Review of Economic Statistics , 46 : 145 – 54 .
  • Taylor , AM and Taylor , MP . 2004 . The purchasing power parity debate . The Journal of Economic Perspectives , 18 : 135 – 58 .
  • Tille , C , Stoffels , M and Gorbachev , O . 2001 . To what extent does productivity drive the dollar . Current Issues in Economics and Finance , 7 : 1 – 6 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.