Demir, Firat (2010): Exchange Rate Volatility and Employment Growth in Developing Countries: Evidence from Turkey. Published in: World Development , Vol. 8, No. 38 (August 2010): pp. 1127-1140.
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Employing a unique panel of 691 private firms that accounted for 26% of total value-added in manufacturing in Turkey, the paper explores the impacts of exchange rate volatility on employment growth during the period of 1983 - 2005. The empirical analysis using a variety of specifications, estimation techniques, and robustness tests suggests that exchange rate volatility has a statistically and economically significant employment growth reducing effect on manufacturing firms. Using point estimates, the results suggest that for an average firm a one standard deviation increase in real exchange rate volatility reduces employment growth in the range of 1.4 - 2.1 percentage points.
|Item Type:||MPRA Paper|
|Original Title:||Exchange Rate Volatility and Employment Growth in Developing Countries: Evidence from Turkey|
|Keywords:||Exchange Rate Volatility; Employment Growth; Manufacturing Firms; South Eastern Europe; Turkey|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
L - Industrial Organization > L6 - Industry Studies: Manufacturing
F - International Economics > F3 - International Finance > F31 - Foreign Exchange
|Depositing User:||Firat Demir|
|Date Deposited:||19. Aug 2010 00:54|
|Last Modified:||12. Feb 2013 15:26|
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