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Cited by 1,753

The DOI matches its Crossref record; 59 of the 59 references it cites were found in a registry or an index.

The Real Exchange Rate and Economic Growth

Open access
Rodrik, Dani·2008·Brookings Papers on Economic Activity
DOI 10.1353/eca.0.0020
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Abstract

I show that undervaluation of the currency (a high real exchange rate) stimulates economic growth. This is true particularly for developing countries. This finding is robust to using different measures of the real exchange rate and different estimation techniques. I also provide some evidence that the operative channel is the size of the tradable sector (especially industry). These results suggest that tradables suffer disproportionately from the government or market failures that keep poor countries from converging toward countries with higher incomes. I present two categories of explanations for why this may be so, the first focusing on institutional weaknesses, and the second on product-market failures. A formal model elucidates the linkages between the real exchange rate and the rate of economic growth.

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Metadata

Authors
Rodrik, D.
Venue
Brookings Papers on Economic Activity
Publisher
Project MUSE
Published
2008-09
Volume
2008
Issue
2
Pages
365-412
ISSN
  • 0007-2303 (ISSN-L)
  • 1533-4465
DOI
10.1353/eca.0.0020
OpenAlex
W2155346737
Cited by
1,753
References
59
FWCI
117.49
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: The Real Exchange Rate and Economic Growth. https://app.cochat.ai/papers/10.1353/eca.0.0020
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Rodrik, D. (2008). The Real Exchange Rate and Economic Growth. Brookings Papers on Economic Activity. https://doi.org/10.1353/eca.0.0020

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.