scholarly journals The impact of macroeconomics factors on real exchange rate in Latin America: A dynamic panel data analysis

2020 ◽  
Author(s):  
Carlos Chavez
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Panel Data Analysis ◽  
Mixed Effects ◽  
Dynamic Panel Data ◽  
Terms Of Trade ◽  
Dynamic Panel ◽  
Macroeconomic Variables ◽  
The Impact ◽  
Dynamic Panel Data Analysis

Abstract This paper study the determinants of real exchange rate from an internal perspective using macroeconomic variables that can be endogenous. We use a GMM System estimator and transform our variables using forward orthogonal deviations (FOD) and first differences (FD). For check the robustness of our estimations, we use different sizes T. Our results show that terms of trade have negative and significant impact for all sizes. Th gross domestic product has positive and significant impact and the rest of variables has mixed effects depending the sizes T.

scholarly journals The impact of macroeconomics factors on real exchange rate in Latin America: A dynamic panel data analysis

2020 ◽  
Author(s):  
CARLOS CHAVEZ PADILLA
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Panel Data Analysis ◽  
Mixed Effects ◽  
Dynamic Panel Data ◽  
Terms Of Trade ◽  
Dynamic Panel ◽  
Macroeconomic Variables ◽  
The Impact ◽  
Dynamic Panel Data Analysis

Abstract This paper study the determinants of real exchange rate from an internal perspective using macroeconomic variables that can be endogenous. We used a GMM System estimator and we transformed our variables using forward orthogonal deviations (FOD) and first differences (FD). For check the robustness of our estimations, we used different sizes of observations. Our results show that terms of trade have negative and significant impact for all sizes. The gross domestic product has positive and significant impact and the rest of variables has mixed effects depending the sizes observations.

scholarly journals Service Export Sensitivity to Internet Adoption: Evidence From Dynamic Panel Data Analysis

2020 ◽  
Vol 11 (6) ◽  
pp. 259
Author(s):  
Walid Chatti ◽  
Haitham Khoj
Keyword(s):  
Developing Countries ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Developed Countries ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
Internet Adoption ◽  
The Impact ◽  
Dynamic Panel Data Analysis ◽  
Service Export

This study aims to examine the causal linkages relating service exports to internet penetration for 116 countries over the period 2000-2017. Taking into account a wide panel of countries, we apply 2-Step GMM methodology for dynamic panel data models. The results show a bi-directional causality relating service exports to internet adoption for developed countries. For the global panel and developing countries, we find those same results attest a positive relationship between the internet adoption and service exports, but in the opposite way; the impact is very low and not significant. Regarding developing countries, despite the fact that internet positively affects service exports, it is considered less efficient than in developed countries.

scholarly journals Real exchange rate undervaluation and sectoral growth in South Africa

2018 ◽  
Vol 9 (4) ◽  
pp. 462-476
Author(s):  
Brian Tavonga Mazorodze ◽  
Dev D. Tewari
Keyword(s):  
South Africa ◽  
Exchange Rate ◽  
Panel Data ◽  
Real Exchange Rate ◽  
Positive Impact ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
Content Type ◽  
Sectoral Growth ◽  
The Impact

PurposeThe purpose of this paper is to establish the empirical link between real exchange rate (RER) undervaluation and sectoral growth in South Africa between 1984 and 2014.Design/methodology/approachThe study employs a dynamic panel data approach estimated by the system generalised method of moments technique in a bid to control for endogeneity.FindingsThe authors find a significant positive impact of undervaluation on sectoral growth which increases with capital accumulation. Also, the authors confirm that undervaluation promotes sectoral growth up to a point where further increases in undervaluation retards growth.Practical implicationsThe results confirm the importance of policies that keep the domestic currency weaker to foster sectoral growth.Originality/valueThe originality of this paper lies in establishing the impact of exchange rate undervaluation on growth at a sector level in the context of South Africa using a dynamic panel data approach.

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