Real exchange rate on economic growth : evidence from post?Soviet States

다국어 초록 (Multilingual Abstract)

This study investigates the relationship between the real exchange
rate and economic performance for 15 Post Soviet states from 1991 to
2015. Using fixed effects method together with a dynamic panel data
technique, this paper provides empirical evidences for the positive
growth effects of the real exchange rate appreciation. The impact is
robust after using an alternative measurement of the real exchange rate
and upon applying different identification strategy.

목차 (Table of Contents)

• 1. INTRODUCTION…………………………………………………......1
• 2. LITERATURE REVIEW…..………………………………………....4
• 2.1THEORETICAL PERSPECTIVES………………………………4
• 2.2EARLY EMPIRICAL STUDIES ….……………………………...6
• 2.3RECENT EMPIRICAL STUDIES ..……………………………...9
• 3. IDENTIFICATION STRATEGY AND DATA..………...…………..16
• 3.1DATA……………………………………………………………....16
• 3.2IDENTIFICATION STRATEGY AND EMPIRICAL
• RESULTS…………………………………………………………17
• 3.3ROBUSTNESS CHECKS: ALTERNATIVE REAL EXCHANGE
• RATE MEASUREMENT………………………………………....20
• 3.4ROBUSTNESS CHECKS: DIFFERENT IDENTIFICATION
• STRATEGY ……………………………………….…………..….22
• 4. CONCLUSIONS..…………………………………………………….30
• 5. BIBLIOGRAPHY …….………………………………………………33