Defense spending and economic growth across the Taiwan straits: a threshold regression model

2005 ◽  
Vol 16 (1) ◽  
pp. 45-57 ◽  
Author(s):  
CHUNG‐NANG LAI ◽  
BWO‐NUNG HUANG † ◽  
CHIN‐WEI YANG
2021 ◽  
Vol 5 (1) ◽  
pp. 51-78
Author(s):  
Helali Kamel

The purpose of this article was to explain the asymmetry of real effective exchange rate (REER) impact on economic growth for the Arab Maghreb Union during the period 1980-2019. This work sought to measure the adjustment rate of the exchange rate policy towards its equilibrium levels, justifying the use of nonlinear modelling. The complexity of the exchange rate dynamics has led to the application of the Panel Threshold Regression Model to test the hypothesis testifying for its effect on domestic economic growth. The empirical results reveal that the REER shows opposite effects below and over the estimated threshold. This highlights the asymmetrical effect of unforeseen shocks on its volatility. JEL Classification: C33; F31; F43; O55; O57


2020 ◽  
Vol 12 (3) ◽  
pp. 376-398 ◽  
Author(s):  
Takumi Saegusa ◽  
Tianzhou Ma ◽  
Gang Li ◽  
Ying Qing Chen ◽  
Mei-Ling Ting Lee

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