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Volatilidade Cambial e Crescimento Econômico: Teorias e Evidências para Economias em Desenvolvimento e Emergentes (1980 e 2007)

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  • Eliane Cristina de Araújo

    (Universidade Estadual de Maringá)

Abstract

In this paper we investigate the relationship between economic growth and exchange rate volatility in emerging and developing countries. We pointed out channels of influence of exchange rate volatility on the growth of economies, through investment, trade flows, asymmetric shocks and capital market. A model that relates the economic growth and exchange rate volatility is estimated on a panel data of 90 emerging and developing countries between 1980 and 2007. Estimates show that exchange rate volatility has significant negative effect on economic growth, suggesting the importance of policies that contribute to the greater stability of exchange rates.

Suggested Citation

  • Eliane Cristina de Araújo, 2011. "Volatilidade Cambial e Crescimento Econômico: Teorias e Evidências para Economias em Desenvolvimento e Emergentes (1980 e 2007)," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 12(2), pages 187-213.
    • Handle: RePEc:anp:econom:v:12:y:2011:i:2:187_213
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    More about this item

    Keywords

    Taxa de Câmbio; Volatilidade e Crescimento Econômico;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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