The Effects of Currency Crises on Economic Growth: A Dynamic Panel Data Analysis

Arafet Hamida¹ and Tarek Sadraoui^2,

¹Department of Economics, Higher Institute of Management Gabès, Tunisia

²Department of Quantitative Methods, FESM, Tunisia

Cite this paper:
Arafet Hamida and Tarek Sadraoui. The Effects of Currency Crises on Economic Growth: A Dynamic Panel Data Analysis. International Journal of Econometrics and Financial Management. 2018; 6(1):1-6. doi: 10.12691/ijefm-6-1-1

Abstract

The purpose of this research is to study the effect of currency crises on economic growth. To do this, we opted for a dynamic panel data model and impulse response functions for a sample of seventeen emerging countries over a period from 1980 to 2014. The main results of the various empirical investigations show that there is a Negative effect of currency crises on short-term economic growth.

Keywords:
currency crises economic growth impulse response function dynamic panel

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