Artikel

The Renminbi and Poor-country Growth

The paper estimates i) the degree of currency undervaluation and its relationship with per capita income (convergence), as informed by the Harrod-Balassa-Samuelson (HBS) framework. ii) The role of the real effective exchange rate, both its level and its stability over time, for underpinning growth in developing countries, especially in large dual economies such as China and India. iii) New empirical evidence on growth linkages between China and poor countries for the last two decades and on potential displacement effects of renminbi (RMB) appreciation.

Language
Englisch

Bibliographic citation
Journal: The World Economy ; Volume: 35 ; Year: 2012 ; Issue: 3 ; Pages: 273-294 ; Oxford: Wiley-Blackwell

Classification
Wirtschaft
Economic Integration
Foreign Exchange
Subject
Renminbi
China impact
Integration
Wechselkurs

Event
Geistige Schöpfung
(who)
Garroway, Chris
Hacibedel, Burcu
Reisen, Helmut
Turkisch, Edouard
Event
Veröffentlichung
(who)
Wiley-Blackwell
(where)
Oxford
(when)
2012

DOI
doi:10.1111/j.1467-9701.2011.01408.x
Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Garroway, Chris
  • Hacibedel, Burcu
  • Reisen, Helmut
  • Turkisch, Edouard
  • Wiley-Blackwell

Time of origin

  • 2012

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