The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries

The issue of exchange rate volatility and its impact on economic performance has been the subject of numerous studies. However, the impact of exchange rate volatility on long-run economic growth remains an open question. The purpose of this project paper is to examine the impact of exchange rate vol...

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Main Author:	Kong, Yin Hou
Format:	Thesis
Language:	English
Published:	2004
Subjects:	Foreign exchange rates - Asia Economic development - Asia International trade - Asia
Online Access:	http://psasir.upm.edu.my/id/eprint/51136/1/FEP%202004%2014RR.pdf
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id	my-upm-ir.51136
record_format	uketd_dc
spelling	my-upm-ir.511362017-04-07T09:16:58Z The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries 2004-03 Kong, Yin Hou The issue of exchange rate volatility and its impact on economic performance has been the subject of numerous studies. However, the impact of exchange rate volatility on long-run economic growth remains an open question. The purpose of this project paper is to examine the impact of exchange rate volatility on economic growth in a panel of selected Asian Countries. Recent arguments on the relationship between exchange rate volatility and economic growth advanced by researchers into the literature of growth empirics are reviewed. Numerous measures of exchange ratevolatility that have been used in previous studies are considered and then quantified as a proxy for the empirical study. Based on an augmented growth model, the dynamic panel data regression model are estimated using four different estimation methods. Conditional upon other determinants, the results show that exchange rate volatility has a robust and significant negative impact on economic growth in Asian countries. This finding suggests that coordination of exchange rate policies directed to reduce exchange rate volatility in a group of countries is deemed to be desired. Specifically, the fixed exchange rate regimes such as common currency in a group of Asian countries may be worth considered seriously by policymakers. Foreign exchange rates - Asia Economic development - Asia International trade - Asia 2004-03 Thesis http://psasir.upm.edu.my/id/eprint/51136/ http://psasir.upm.edu.my/id/eprint/51136/1/FEP%202004%2014RR.pdf application/pdf en public masters Universiti Putra Malaysia Foreign exchange rates - Asia Economic development - Asia International trade - Asia
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English
topic	Foreign exchange rates - Asia Economic development - Asia International trade - Asia
spellingShingle	Foreign exchange rates - Asia Economic development - Asia International trade - Asia Kong, Yin Hou The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries
description	The issue of exchange rate volatility and its impact on economic performance has been the subject of numerous studies. However, the impact of exchange rate volatility on long-run economic growth remains an open question. The purpose of this project paper is to examine the impact of exchange rate volatility on economic growth in a panel of selected Asian Countries. Recent arguments on the relationship between exchange rate volatility and economic growth advanced by researchers into the literature of growth empirics are reviewed. Numerous measures of exchange ratevolatility that have been used in previous studies are considered and then quantified as a proxy for the empirical study. Based on an augmented growth model, the dynamic panel data regression model are estimated using four different estimation methods. Conditional upon other determinants, the results show that exchange rate volatility has a robust and significant negative impact on economic growth in Asian countries. This finding suggests that coordination of exchange rate policies directed to reduce exchange rate volatility in a group of countries is deemed to be desired. Specifically, the fixed exchange rate regimes such as common currency in a group of Asian countries may be worth considered seriously by policymakers.
format	Thesis
qualification_level	Master's degree
author	Kong, Yin Hou
author_facet	Kong, Yin Hou
author_sort	Kong, Yin Hou
title	The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries
title_short	The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries
title_full	The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries
title_fullStr	The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries
title_full_unstemmed	The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries
title_sort	impact of exchange rate volatility on economic growth : a dynamic panel data analysis of asian countries
granting_institution	Universiti Putra Malaysia
publishDate	2004
url	http://psasir.upm.edu.my/id/eprint/51136/1/FEP%202004%2014RR.pdf
_version_	1747812058638843904

The impact of exchange rate volatility on economic growth : a dynamic panel data analysis of Asian countries

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