dc.contributor.author | Hassan, Gazi M. | |
dc.contributor.author | Holmes, Mark J. | |
dc.date.accessioned | 2013-10-31T01:18:55Z | |
dc.date.available | 2013-10-31T01:18:55Z | |
dc.date.copyright | 2013-12 | |
dc.date.issued | 2013 | |
dc.identifier.citation | Hassan, G. M., Holmes, M. J. (2013). Remittances and the real effective exchange rate. Applied Economics, 45(45), 4959-4970. | en_NZ |
dc.identifier.uri | https://hdl.handle.net/10289/8129 | |
dc.description.abstract | We examine the long-run relationship between remittances and the real exchange rate for less-developed countries. In a key departure from the literature, we employ a panel cointegration approach using an innovative method for the measurement of the multilateral real effective exchange rate and we focus on high-remittance economies. We find a small inelastic, but significant, long-run relationship which confirms a Dutch disease type effect. The short-run relationship is explored using a panel vector error correction model which confirms that short-run causality is unidirectional running from remittances to the exchange rate. Potential asymmetries in this relationship are identified using quantile regression analysis. | en_NZ |
dc.language.iso | en | en_NZ |
dc.publisher | Routledge | en_NZ |
dc.relation.ispartof | Applied Economics | |
dc.relation.uri | http://www.tandfonline.com/doi/abs/10.1080/00036846.2013.808311#.UnGs-XBkNuA | en_NZ |
dc.subject | remittances | en_NZ |
dc.subject | real effective exchange rate | en_NZ |
dc.subject | panel cointegration | en_NZ |
dc.subject | panel vector error correction | en_NZ |
dc.subject | quantile regression | en_NZ |
dc.title | Remittances and the real effective exchange rate | en_NZ |
dc.type | Journal Article | en_NZ |
dc.identifier.doi | 10.1080/00036846.2013.808311 | en_NZ |