克罗地亚实际有效汇率与工业生产率的小波相干分析

IF 0.6 Q4 ECONOMICS

South East European Journal of Economics and Business Pub Date : 2021-06-01 DOI:10.2478/jeb-2021-0003

Mile Bošnjak, Gordana Kordić, I. Novak

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引用次数: 1

摘要

本文介绍了克罗地亚实际有效汇率与工业生产之间的关系。研究样本包括2000年1月至2019年6月的月度数据。根据小波相干性方法，经验结果揭示了时域和频域之间的关系。小波相干性分析和传统相关分析的实证结果表明，克罗地亚的工业生产率与实际有效汇率呈正相关，贬值是影响工业生产率的一个积极因素。论文中提供的研究结果也有助于克罗地亚关于汇率政策的辩论，扩大了对国家汇率政策影响的讨论。

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Real Effective Exchange Rate and Industrial Productivity in Croatia: Wavelet Coherence Analysis

Abstract This paper brings releationship between real effective exchange rate and industry production in Croatia. Research sample consists of monthly data from January 2000 up to June 2019. Following wavelet coherence approach, empirical results reveal the relationship across time and frequency domain. The empirical obtained from wavelet coherence analysis and confirmed with conventional correlation analysis suggested positive relationship between industrial productivity and real effective exchange rate in Croatia, with depreciation as a factor of positive influence on industrial productivity. Research results provided in the paper also contributes to the debate on exchange rate policy in Croatia, extending the discussion on national exchange rate policy implications.

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来源期刊

South East European Journal of Economics and Business ECONOMICS-

CiteScore

2.30

自引率

10.00%

发文量

审稿时长

13 weeks