External Balance in Low Income Countries by Lone Christiansen; Alessandro Prati; Luca Antonio Ricci; Thierry Tressel

Author:Lone Christiansen; Alessandro Prati; Luca Antonio Ricci; Thierry Tressel
Language: eng
Format: epub
Publisher: International Monetary Fund
Published: 2009-08-15T00:00:00+00:00

*** p < 0.01, ** p < 0.05, * p < 0.1 (robust p-values in parentheses)

#indicates that the variable is constructed relative to the weighted average of the trading partners

Robust dynamic OLS panel regressions with fixed effects of the real effective exchange rate (INS source) on same determinants as previous two tables. Additional control encompass: splitting terms of trade in price of exports and of imports (either of goods only or of goods&services), and alternative measures of capital account liberalization, of demographics, and of productivity. Unbalanced panel with annual data 1980-2006.

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