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Exchange Rate Regimes and Export Performance of Developing Countries

โœ Scribed by Kristian Nilsson; Lars Nilsson

Book ID
108544366
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
106 KB
Volume
23
Category
Article
ISSN
0378-5920

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## Abstract As the real exchange rate of developing countries is especially vulnerable to stochastic events, standard unit root tests do not capture such events adequately. Using a Markov switching extension of the ADF test, which incorporates stochastic regime switching, we address the issue of re