An analysis of impacts of currency devaluation on economic growth in Vietnam in 2000-2012
The paper aims at exploring effects of currency devaluation on Vietnam's economic growth. Our approach is to employ smooth transition regression (STR) to estimate relationship between real exchange rate, money supply, and public expenditure with Vietnam's GDP in 2000-2012. The results show...
Lưu vào:
| Tác giả chính: | |
|---|---|
| Đồng tác giả: | |
| Định dạng: | Journal Article |
| Thông tin xuất bản: |
Trường Đại học Kinh tế Tp. Hồ Chí Minh
2017
|
| Chủ đề: | |
| Truy cập trực tuyến: | http://digital.lib.ueh.edu.vn/handle/UEH/55172 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=9dd9591c-47c3-41a2-8e7f-d5d74e19846b http://doi.org/10.24311/jed/2013.217.07 |
| Từ khóa: |
Thêm từ khóa bạn đọc
Không có từ khóa, Hãy là người đầu tiên gắn từ khóa cho biểu ghi này!
|
| id |
oai:localhost:UEH-55172 |
|---|---|
| record_format |
dspace |
| spelling |
oai:localhost:UEH-551722019-11-25T01:42:18Z An analysis of impacts of currency devaluation on economic growth in Vietnam in 2000-2012 Nguyen Minh Hai Phan Tat Hien Dang Huyen Linh Currency devaluation Economic growth Smooth transition regression (STR) Exchange rate Money supply growth output Vietnam The paper aims at exploring effects of currency devaluation on Vietnam's economic growth. Our approach is to employ smooth transition regression (STR) to estimate relationship between real exchange rate, money supply, and public expenditure with Vietnam's GDP in 2000-2012. The results show that currency devaluation can increase output if growth of money supply is less than 24.46%, and it may produce negative effects on the output when the money supply grows higher than the above threshold. 2017-09-14T11:02:07Z 2017-09-14T11:02:07Z 2013 Journal Article 1859 -1124 http://digital.lib.ueh.edu.vn/handle/UEH/55172 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=9dd9591c-47c3-41a2-8e7f-d5d74e19846b http://doi.org/10.24311/jed/2013.217.07 Journal of Economic Development JED, No. 217 Ahmed, S. (2003), Sources of Economic Fluctuations in Latin America and Implications for Choice of Exchange Rate Regimes, Journal of Development Economics, 72, 181-202. Bahmani-Oskooee, M. & I. Miteza (2003), Are Devaluations Expansionary or Contractionary? A survey Article , Economic Issues, Vol. 8, Part 2 Bahmani-Oskooee, M. & I. Miteza (2006), Are Devaluations Contractionary? Evidence from Panel Cointegration , Economic Issues, Vol. 8, Part 2. Brüggemann, R. & H. Lütkepohl (2001), Lag Selection in Subset VAR Models with an Application to a U.S.Monetary System, in R. Friedmann, L. Knüppel & H. Lütkepohl (eds.), Econometric Studies: A Festschrift in Honour of Joachim Frohn, LIT Verlag, Münster, 107-128. Chou, W.L, & C-C. Chao (2001), Are Currency Devaluations Effective? A Panel Unit Root Test. Economics Letters, 72, 19-25. Edwards, S. (1989), Real Exchange Rates, Devaluation, and Adjustment, MIT Press, Cambridge,MA. Gács, J. (2003), Transition, EU Accession and Structural Convergence, Empirica, 30, 271-303. Halpern, L. & C. Wyplosz (1997), Equilibrium Exchange Rates in Transition Economies, IMF Staff Papers, 44, December, 430-461. Lê Quốc Lý (2004), Tỉ giá hối ðoái - những vấn ðề lí luận và thực tiễn ðiều hành ở Việt Nam, Thống kê Publisher, Hà Nội. Lê Vãn Tu & Nguyễn Quốc Khanh (2000), Một số vấn ðề về chính sách tỉ giá hối ðoái cho mục tiêu phát triển kinh tế ở Việt Nam, Thống kê Publisher, Hà Nội. Mejia-Reyes, P., D. Osborn & M. Sensier (2003), Modeling Real Exchange Rate Effects on Growth in Latin America , Discussion paper series / Centre for Growth and Business Cycle. Miteza, Ilir (2006), Exchange Rates and Non-Linear Dynamics in Output: Evidence from Bulgaria , Journal of Economics and Business, Vol. IX - 2006, No 1 (91-115). Nguyễn Khắc Minh (2009), Cơ sở lí thuyết chuỗi thời gian phi tuyến và ứng dụng vào xây dựng mô hình phân tích lạm phát cho Việt Nam , a report within the European Technical Assistance Programme for Vietnam, Component 5: Statistical Analysis and Policy Tools at the MPI. Terasvirta, T. (2004), Smooth Transition Regression Modelling, in H. Lütkepohl & M. Krätzig (eds.), Applied Time Series Econometrics, Cambridge University Press, Cambridge, 222-242. Vũ Quốc Huy, Nguyễn Thị Thu Hằng & Vũ Phạm Hải Ðãng (2012), Tỷ giá hối ðoái giai ðoạn 2000-2011: Các nhân tố quyết ðịnh, mức ðộ sai lệch và tác ðộng ðối với xuất khẩu , Tri thức Publisher. none Portable Document Format (PDF) 110 119 Trường Đại học Kinh tế Tp. Hồ Chí Minh |
| institution |
Đại học Kinh tế Thành phố Hồ Chí Minh |
| collection |
DSpaceUEH |
| topic |
Currency devaluation Economic growth Smooth transition regression (STR) Exchange rate Money supply growth output Vietnam |
| spellingShingle |
Currency devaluation Economic growth Smooth transition regression (STR) Exchange rate Money supply growth output Vietnam Nguyen Minh Hai An analysis of impacts of currency devaluation on economic growth in Vietnam in 2000-2012 |
| description |
The paper aims at exploring effects of currency devaluation on Vietnam's economic growth. Our approach is to employ smooth transition regression (STR) to estimate relationship between real exchange rate, money supply, and public expenditure with Vietnam's GDP in 2000-2012. The results show that currency devaluation can increase output if growth of money supply is less than 24.46%, and it may produce negative effects on the output when the money supply grows higher than the above threshold. |
| author2 |
Phan Tat Hien |
| author_facet |
Phan Tat Hien Nguyen Minh Hai |
| format |
Journal Article |
| author |
Nguyen Minh Hai |
| author_sort |
Nguyen Minh Hai |
| title |
An analysis of impacts of currency devaluation on economic growth in Vietnam in 2000-2012 |
| title_short |
An analysis of impacts of currency devaluation on economic growth in Vietnam in 2000-2012 |
| title_full |
An analysis of impacts of currency devaluation on economic growth in Vietnam in 2000-2012 |
| title_fullStr |
An analysis of impacts of currency devaluation on economic growth in Vietnam in 2000-2012 |
| title_full_unstemmed |
An analysis of impacts of currency devaluation on economic growth in Vietnam in 2000-2012 |
| title_sort |
analysis of impacts of currency devaluation on economic growth in vietnam in 2000-2012 |
| publisher |
Trường Đại học Kinh tế Tp. Hồ Chí Minh |
| publishDate |
2017 |
| url |
http://digital.lib.ueh.edu.vn/handle/UEH/55172 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=9dd9591c-47c3-41a2-8e7f-d5d74e19846b http://doi.org/10.24311/jed/2013.217.07 |
| work_keys_str_mv |
AT nguyenminhhai ananalysisofimpactsofcurrencydevaluationoneconomicgrowthinvietnamin20002012 AT nguyenminhhai analysisofimpactsofcurrencydevaluationoneconomicgrowthinvietnamin20002012 |
| _version_ |
1810055148407357440 |