Productivity and real exchange rates in the euro area

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43907863" target="_blank" >RIV/62156489:43110/15:43907863 - isvavai.cz</a>
Result on the web
<a href="http://mme2015.zcu.cz/downloads/MME_2015_proceedings.pdf" target="_blank" >http://mme2015.zcu.cz/downloads/MME_2015_proceedings.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Productivity and real exchange rates in the euro area
Original language description
According to the Balassa-Samuelson hypothesis, which is regularly used as an explanation for real exchange rate deviations from the Purchasing Power Parity, growth of productivity in the tradable sector leads (ceteris paribus) to real exchange rate appreciation. However the empirical evidence for the positive impact of growth in productivity of tradables on real exchange rate is at least mixed and depends on productivity proxies used to test this hypothesis. In our paper, we use a panel estimation framework to investigate the impact of labour productivity shocks on real effective exchange rates among individual euro area countries over the period 1999 - 2013. Besides the commonly used indicator of the overall tradable-sector productivity we also applya set of sector-specific indicators of labour productivity for agriculture, construction, manufacturing and services, which enables us to assess the impact of productivity shocks on real exchange rates stemming both from the tradable and
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics 2015: Conference Proceedings
ISBN
978-80-261-0539-8
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
659-664
Publisher name
Západočeská univerzita
Place of publication
Plzeň
Event location
Cheb
Event date
Sep 9, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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