Since 2014
Foreign Exchange Rate and Economic Growth: The Case of Hong Kong
Journal of Research in Business, Economics and Management
View Archive Info| Field | Value | |
| Title |
Foreign Exchange Rate and Economic Growth: The Case of Hong Kong
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| Creator |
Woods, John
Hausler, Brian Dunning, Sara Yan, Jie Zhang, Hengfu Kim, Youngwoo Beck, Derrick Jamison, Gena Zoboli, John Waite, Jay Donohue, Mark Carter, Kevin |
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| Subject |
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Hong Kong Dollar Exchange Rate; Economic Growth; Structural VAR Model. — |
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| Description |
The relationship between the exchange rate and the real GDP of Hong Kong in the long period from 1955 to 2015 is investigated using a structural VAR model. The mutual effect of the two variables is studied in three periods: The results indicate that there is no obvious relationship between the exchange rate and real GDP before Hong Kong’s economy booming. However, a significant positive correlation is found in the sample of 1975–1998, which is associated with the output increases. The direction between the exchange rate and real GDP becomes negative after 1998. In addition, based on Granger causality test, we found the exchange rate could Granger causes GDP after 1975, but there is no Granger causality connection between the two variables before 1975.
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| Publisher |
Scitech Research Organisation
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| Contributor |
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| Date |
2017-08-06
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://www.scitecresearch.com/journals/index.php/jrbem/article/view/1202
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| Source |
Journal of Research in Business, Economics and Management; Vol 9, No 1: JRBEM; 1636-1640
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| Language |
eng
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| Relation |
http://www.scitecresearch.com/journals/index.php/jrbem/article/view/1202/884
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| Coverage |
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| Rights |
Copyright (c) 2017 Journal of Research in Business, Economics and Management
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