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| barhoumi karim |
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| ''Long Run Exchange Rate Pass-Through Into Import Prices In Developing Countries: An Homogeneous or Heterogeneous Phenomenon?'' |
| ( 2005, Vol. 6 No.14 ) |
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| In this paper, we analyze the nature of long-run exchange rate pass-through in a panel of 24 developing countries. We define and estimate an exchange rate pass-through equation based on micro-foundations of pricing behaviour by exporters firms. We adopt a multi-country framework and we use non-stationary panel estimation techniques and test for panel cointegration. we show that long-run exchange rate pass-through in developing countries is an heterogeneous phenomenon. |
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| Keywords: Developing countries |
JEL: F1 - Trade: General
C2 - Single Equation Models; Single Variables: General |
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| Manuscript Received : Sep 02 2005 | | Manuscript Accepted : Sep 05 2005 |
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