{"id":"https://openalex.org/W2542800537","doi":null,"title":"Real Exchange Rates and Growth","display_name":"Real Exchange Rates and Growth","publication_year":2016,"publication_date":"2016-09-01","ids":{"openalex":"https://openalex.org/W2542800537","mag":"2542800537"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:met:wpaper:1609","doi":null,"is_oa":false,"landing_page_url":"http://erc.metu.edu.tr/en/system/files/menu/series16/1609.pdf","pdf_url":"http://erc.metu.edu.tr/en/system/files/menu/series16/1609.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5011229180","display_name":"Duygu Yolcu Karadam","orcid":"https://orcid.org/0000-0003-3139-2003","observed_orcids":["https://orcid.org/0000-0003-3139-2003"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Duygu Yolcu Karadam","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-3139-2003","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5023239046","display_name":"Erdal \u00d6zmen","orcid":"https://orcid.org/0000-0002-9333-8339","observed_orcids":["https://orcid.org/0000-0002-9333-8339"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Erdal \u00d6zmen","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-9333-8339","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7749000191688538,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7749000191688538,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.21469999849796295,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0044999998062849045,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/real-exchange-rate","display_name":"real exchange rate","score":0.9940000176429749},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.8799999952316284},{"id":"https://openalex.org/keywords/currency-depreciation","display_name":"currency depreciation","score":0.8709999918937683},{"id":"https://openalex.org/keywords/developed-countries","display_name":"developed countries","score":0.6420000195503235},{"id":"https://openalex.org/keywords/developing-countries","display_name":"developing countries","score":0.9990000128746033},{"id":"https://openalex.org/keywords/trade-openness","display_name":"trade openness","score":0.7179999947547913},{"id":"https://openalex.org/keywords/external-debt","display_name":"external debt","score":0.7860000133514404},{"id":"https://openalex.org/keywords/global-financial-conditions","display_name":"global financial conditions","score":0.7749999761581421},{"id":"https://openalex.org/keywords/monetary-conditions","display_name":"monetary conditions","score":0.9490000009536743},{"id":"https://openalex.org/keywords/error-correction-mechanism","display_name":"error correction mechanism","score":0.8040000200271606},{"id":"https://openalex.org/keywords/human-capital","display_name":"human capital","score":0.8169999718666077},{"id":"https://openalex.org/keywords/domestic-savings","display_name":"domestic savings","score":0.8629999756813049},{"id":"https://openalex.org/keywords/per-capita-income","display_name":"per capita income","score":0.7369999885559082}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7711383700370789},{"id":"https://openalex.org/C95383336","wikidata":"https://www.wikidata.org/wiki/Q4198710","display_name":"Depreciation (economics)","level":5,"score":0.6902186274528503},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6560178995132446},{"id":"https://openalex.org/C84976871","wikidata":"https://www.wikidata.org/wiki/Q2015673","display_name":"Openness to experience","level":2,"score":0.645549476146698},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5834474563598633},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5043250322341919},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4744069278240204},{"id":"https://openalex.org/C127598652","wikidata":"https://www.wikidata.org/wiki/Q558635","display_name":"Per capita","level":3,"score":0.4505404531955719},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4501134157180786},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.29277437925338745},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2813988924026489},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.21468964219093323},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:met:wpaper:1609","doi":null,"is_oa":false,"landing_page_url":"http://erc.metu.edu.tr/en/system/files/menu/series16/1609.pdf","pdf_url":"http://erc.metu.edu.tr/en/system/files/menu/series16/1609.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:2542800537","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:met:wpaper:1609","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.7257999777793884,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W180771097","https://openalex.org/W1485528116","https://openalex.org/W1551565509","https://openalex.org/W1575845534","https://openalex.org/W1598969128","https://openalex.org/W1700109461","https://openalex.org/W1894161617","https://openalex.org/W1978775682","https://openalex.org/W1985231580","https://openalex.org/W2002407406","https://openalex.org/W2059016369","https://openalex.org/W2068505687","https://openalex.org/W2071434239","https://openalex.org/W2079980367","https://openalex.org/W2108601001","https://openalex.org/W2110359232","https://openalex.org/W2114183075","https://openalex.org/W2114304058","https://openalex.org/W2119653565","https://openalex.org/W2124884000","https://openalex.org/W2126319794","https://openalex.org/W2154402781","https://openalex.org/W2155346737","https://openalex.org/W2157523416","https://openalex.org/W2263666163","https://openalex.org/W2276698042","https://openalex.org/W2891446553","https://openalex.org/W3121449347","https://openalex.org/W3122183934","https://openalex.org/W3122978861","https://openalex.org/W3123099241","https://openalex.org/W3125429182","https://openalex.org/W3125770312"],"related_works":["https://openalex.org/W3151515496","https://openalex.org/W4379798763","https://openalex.org/W3124268734","https://openalex.org/W4409911547","https://openalex.org/W3125766453","https://openalex.org/W3119695996","https://openalex.org/W1897062176","https://openalex.org/W3134894783","https://openalex.org/W1529267247","https://openalex.org/W2491630322"],"abstract_inverted_index":{"This":[0],"paper":[1],"empirically":[2],"investigates":[3],"the":[4,26,50,89,102,123],"impact":[5,125],"of":[6,13,17,62,126],"real":[7,147],"exchange":[8],"rates":[9],"(RER)":[10],"on":[11,59],"growth":[12,36,84],"a":[14,60],"large":[15],"number":[16],"advanced":[18],"(AE)":[19],"and":[20,42,76,115,132,144],"developing":[21],"economies":[22],"(DE)":[23],"by":[24],"employing":[25],"recent":[27],"non-stationary":[28],"panel":[29],"data":[30,100],"estimation":[31],"procedures":[32],"to":[33,138],"estimate":[34],"conventional":[35,90],"models":[37],"augmented":[38],"with":[39,88,111],"global":[40,74],"financial":[41,75],"monetary":[43,77],"conditions":[44,78],"variables.":[45],"Our":[46,99],"results":[47,135],"suggest":[48],"that,":[49],"expansionary":[51,116],"depreciation":[52],"findings":[53],"for":[54,109,117,141],"DE":[55,86,110],"are":[56,79,107,136],"often":[57],"based":[58],"misinterpretation":[61],"an":[63],"error":[64],"correction":[65],"mechanism":[66],"coefficient.":[67],"We":[68],"find":[69],"that":[70,104],"external":[71,113],"variables":[72,91],"representing":[73],"strongly":[80],"significant":[81],"in":[82,85,129],"explaining":[83],"along":[87],"including":[92],"trade":[93,120],"openness,":[94],"human":[95],"capital,":[96],"domestic":[97],"savings.":[98],"support":[101],"view":[103],"RER":[105,127,143],"depreciations":[106,128],"contractionary":[108,124],"high":[112],"debt":[114],"AE.":[118],"Higher":[119],"openness":[121],"enhances":[122],"both":[130],"AE":[131],"DE.":[133],"These":[134],"found":[137],"be":[139],"robust":[140],"different":[142],"per":[145],"capita":[146],"income":[148],"measures.":[149]},"counts_by_year":[],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-11-04T00:00:00"}
