Productivity Growth and its Influence on the Dollar/Euro Real Exchange Rate

Dr. Ordean Olson

Productivity Growth and its Influence on the Dollar/Euro Real Exchange Rate

Dr. Ordean Olson * §

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Nova Southeastern University

Productivity Growth and its Influence on the Dollar/Euro Real Exchange Rate

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Abstract

This paper examines the evidence for a productivity based model of the dollar/euro real exchange rate for the period 1985-2007 period. Cointegrating relationships between the real exchange rate and productivity, real price of oil and government spending are estimated using the Johansen and Stock-Watson procedures. The findings show that for each percentage point in the US-Euro area productivity differential there is a three percentage point change in the real dollar/euro valuation. These findings are robust to the estimation methodology, the variables included in the regression, and the sample period.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Ordean Olson. 1970. "Productivity Growth and its Influence on the Dollar/Euro Real Exchange Rate". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 12 (GJMBR Volume 12 Issue B18).

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GJMBR Volume 12 Issue B18

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-B Classification FOR Code: 150202 JEL Code: O24

G38

Submission ReceivedDecember 13, 2011
Peer Review Double Blind
Handling Editor
Accepted January 1, 2012
Published January 15, 2012

Version of record

v1.2

Language

English

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Total Score: 183

Country: United States

Subject: Global Journal of Management and Business Research

Authors: Dr. Ordean Olson (PhD/Dr. count: 1)

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Publish Date: 2012 01, Sun

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