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''Exchange Rate Pass-Through Into Import Prices In Developing Countries: An Empirical Investigation''
( 2005, Vol. 3 No.26 )
We define and estimate an exchange rate pass-through equation for 24 developing countries. We find that long run exchange rate pass-through into import price is determined by a combination of nominal effective exchange rate, the price of the competing domestic product, the exporter's cost and domestic demand conditions. Adopting a multi-country framework and using non-stationary panel estimation techniques and tests for panel cointegration, we show that exchange rate pass-through in developing countries is heterogeneous.
JEL: C5 - Econometric Modeling: General
F1 - Trade: General
Manuscript Received : Nov 16 2004 Manuscript Accepted : May 17 2005

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