Real Exchange Rate Levels, Productivity and Demand Shocks : Evidence from a Panel of 14 Countries

Evidence from a Panel of 14 Countries

Real Exchange Rate Levels, Productivity and Demand Shocks : Evidence from a Panel of 14 Countries
We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and government spending for 14 OECD countries, using recently developed panel cointegration tests. The results indicate that under certain assumptions it is easier to detect cointegration in panel data than in the available time... READ MORE...

Publication date: May 1997
ISBN 9781451962161
$15.00

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