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The study reflects the impact of an effective multilateral exchange rate in the 1989-2018 period on the economic growth rate of 5 ASEAN countries, including Vietnam, Indonesia, Singapore, Philippines, and Malaysia. To estimate this model, the author uses the Fixed Effects and Random Effects panel data estimation method. Hausman test shows the model calculated using the Fixed Effects method is more suitable than the Random Effects method. In the estimation model, however, heteroskedasticity and autocorrelation came using the Fixed Effects method. Using Prais-Winsten (PCSE) process, the authors overcame the phenomenon. The final model shows that an improvement of 1% in the effective exchange rate would have a positive impact, growing the five countries’ economic growth rate by 16.2%.
Mai Thi Phuong Thuy. 2020. \u201cThe Impact of Exchange Rate on Economic Growth – Case Studies of Countries in the Asean Region\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B8): .
Crossref Journal DOI 10.17406/GJMBR
Print ISSN 0975-5853
e-ISSN 2249-4588
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Total Score: 103
Country: Unknown
Subject: Global Journal of Management and Business Research - B: Economic & Commerce
Authors: Pham Thi Ha An, Nguyen Thanh Binh, Ho Le Nguyet Cam (PhD/Dr. count: 0)
View Count (all-time): 205
Total Views (Real + Logic): 2389
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Publish Date: 2020 07, Fri
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The study reflects the impact of an effective multilateral exchange rate in the 1989-2018 period on the economic growth rate of 5 ASEAN countries, including Vietnam, Indonesia, Singapore, Philippines, and Malaysia. To estimate this model, the author uses the Fixed Effects and Random Effects panel data estimation method. Hausman test shows the model calculated using the Fixed Effects method is more suitable than the Random Effects method. In the estimation model, however, heteroskedasticity and autocorrelation came using the Fixed Effects method. Using Prais-Winsten (PCSE) process, the authors overcame the phenomenon. The final model shows that an improvement of 1% in the effective exchange rate would have a positive impact, growing the five countries’ economic growth rate by 16.2%.
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