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Reel Döviz Kurları ve Ekonomik Büyüme: Ülkelerarası Ampirik Bir Analiz

Year 2015, Volume: 2 Issue: 1, 20 - 38, 01.04.2015

Abstract

Reel döviz kurlarının ekonomik büyüme üzerindeki etkisi son dönemdeki en önemli politika tartışmalarından biridir. Bu çalışma reel döviz kurlarının ekonomik büyüme üzerindeki etkisini geniş bir panel veri seti kullarak ampirik olarak incelemektedir. Bu amaçla, sadece geleneksel panel veri tahmin yöntemleri kullanılmamış, ayrıca küresel şoklar gibi olası ortak bağıntılı etkileri dikkate alan yeni teknikler kullanılmıştır. Elde edilen bulgulara göre, reel döviz kurlarındaki değişimler gelişmiş ülkelerde uzun dönemde anlamlı bir etkiye sahip değildir. Bunun yanında, gelişmekte olan ülkeler için reel kur değer kayıpları bilanço etkisiyle tutarlı olarak daraltıcıdır.

Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis

Year 2015, Volume: 2 Issue: 1, 20 - 38, 01.04.2015

Abstract

The effect of real exchange rates on economic growth is one of the most important issues of the recent policy debate. This paper examines empirically the effect of real exchange rate changes on economic growth using a wide panel data set. To this end, we apply not only the conventional panel data estimation techniques but also recent procedures taking into account the possible common correlated effects such as global shocks. The results suggest that, for industrial countries, the changes in real exchange rate have not any significant effect in the long run. However, for developing countries, real devaluations are found to be contractionary consistent with the balance sheet effect.

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Details

Other ID JA83NN59ST
Journal Section Research Article
Authors

Duygu Yolcu Karadam This is me

Publication Date April 1, 2015
Published in Issue Year 2015 Volume: 2 Issue: 1

Cite

APA Karadam, D. Y. (2015). Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis. Pamukkale Journal of Eurasian Socioeconomic Studies, 2(1), 20-38.
AMA Karadam DY. Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis. pjess. April 2015;2(1):20-38.
Chicago Karadam, Duygu Yolcu. “Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis”. Pamukkale Journal of Eurasian Socioeconomic Studies 2, no. 1 (April 2015): 20-38.
EndNote Karadam DY (April 1, 2015) Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis. Pamukkale Journal of Eurasian Socioeconomic Studies 2 1 20–38.
IEEE D. Y. Karadam, “Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis”, pjess, vol. 2, no. 1, pp. 20–38, 2015.
ISNAD Karadam, Duygu Yolcu. “Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis”. Pamukkale Journal of Eurasian Socioeconomic Studies 2/1 (April 2015), 20-38.
JAMA Karadam DY. Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis. pjess. 2015;2:20–38.
MLA Karadam, Duygu Yolcu. “Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis”. Pamukkale Journal of Eurasian Socioeconomic Studies, vol. 2, no. 1, 2015, pp. 20-38.
Vancouver Karadam DY. Real Exchange Rates and Economic Growth: A Cross-Country Empirical Analysis. pjess. 2015;2(1):20-38.