| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19291 |
| 来源ID | Working Paper 19291 |
| Roads and the Real Exchange Rate | |
| Qingyuan Du; Shang-Jin Wei; Peichu Xie | |
| 发表日期 | 2013-08-09 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper studies the effect of transport infrastructure on the real exchange rate (RER) and reaches two relatively strong conclusions. First, while the list of robust determinants of the RER is not long, transport infrastructure belongs to that list. Many other potential determinants proposed in the literature, such as net foreign asset position or terms of trade, turn out to be not robust. Second, in terms of economic significance, the infrastructure effect follows closely the well-known Balassa-Samuelson effect and is one of the most important explanatory variables for RER movements, especially in developing countries. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w19291 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576966 |
| 推荐引用方式 GB/T 7714 | Qingyuan Du,Shang-Jin Wei,Peichu Xie. Roads and the Real Exchange Rate. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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