Data for: How do shocks to domestic factors affect real exchange rates of Asian developing countries?

Published: 9 Dec 2016 | Version 1 | DOI: 10.17632/z5kv3ywkg4.1
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Description of this data

Abstract of associated article: This paper examines real exchange rate responses to shocks in exchange rate determinants for fourteen Asian developing countries. The analysis is based on a panel structural vector error correction model, and the shocks are identified using sign and zero restrictions. We find that trade liberalization generates permanent depreciation, and higher government consumption causes persistent appreciation. Traded-sector productivity gains induce appreciation but their effects are not immediate and last only for a few years. Real exchange rate responses to unexpected monetary tightening are consistent with the long-run neutrality of money. The evidence suggests that trade liberalization and government consumption have a strong effect on real exchange rates, while the effects of traded-sector productivity shocks are much weaker.

Experiment data files

This data is associated with the following publication:

How do shocks to domestic factors affect real exchange rates of Asian developing countries?

Published in: Journal of Development Economics

Latest version

  • Version 1

    2016-12-09

    Published: 2016-12-09

    DOI: 10.17632/z5kv3ywkg4.1

    Cite this dataset

    Anderson, Heather M. (2016), “Data for: How do shocks to domestic factors affect real exchange rates of Asian developing countries? ”, Mendeley Data, v1 http://dx.doi.org/10.17632/z5kv3ywkg4.1

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Economics, Macroeconomics

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