التفاصيل البيبلوغرافية
| العنوان: |
Democratization and real exchange rates |
| المؤلفون: |
Furlan, Benjamin, Gächter, Martin, Krebs, Bob, Oberhofer, Harald |
| بيانات النشر: |
Wiley, 2016. |
| سنة النشر: |
2016 |
| المجموعة: |
Wirtschaftsuniversität Wien |
| مصطلحات موضوعية: |
Real exchange rates, democratization, difference-in-differences-estimator, matching estimators |
| الوصف: |
In this article, we combine two so far separate strands of the economic literature and argue that democratization leads to a real exchange rate appreciation. We test this hypothesis empirically for a sample of countries observed from 1980 to 2007 by combining a difference-in-difference approach with propensity score matching estimators. Our empirical results reveal a strong and significant finding: democratization causes real exchange rates to appreciate. Consequently, the ongoing process of democratization observed in many parts of the world is likely to reduce exchange rate distortions. |
| Original Identifier: |
oai:epub.wu-wien.ac.at:5691 |
| نوع الوثيقة: |
Article |
| وصف الملف: |
application/pdf |
| اللغة: |
English |
| Relation: |
http://eu.wiley.com/WileyCDA/; http://epub.wu.ac.at/5691/ |
| DOI: |
10.1111/sjpe.12088 |
| الاتاحة: |
http://epub.wu.ac.at/5691/1/SJPE_final.pdf |
| رقم الانضمام: |
edsndl.VIENNA.oai.epub.wu.wien.ac.at.5691 |
| قاعدة البيانات: |
Networked Digital Library of Theses & Dissertations |