The Impact of Exchange Rate Fluctuation on Economic Growth – Empirical Studies Based on Different Countries

DOI

10.2991/aebmr.k.200708.006How to use a DOI?

Keywords

exchange rate fluctuation, foreign direct investment, foreign trade, economic growth

Abstract

Under the condition of open economy, the trade between countries is getting closer and closer. Therefore, the exchange rate fluctuation become an important factor affecting the country’s economic growth. In order to deeply understand the mechanism of the effect of exchange rate fluctuations on economic growth, a large number of data collected from the World Bank were excluded and screened in this paper, and data of 125 countries from 1997 to 2017 were obtained to build panel models. Through regression analysis, foreign direct investment has a significant positive effect on economic growth. Exchange rate fluctuation has different effects on economic growth in different countries. However, the impact of exchange rate fluctuation on economic growth through foreign direct investment channels is greater than that through foreign trade channels.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yujing Han
PY  - 2020
DA  - 2020/07/09
TI  - The Impact of Exchange Rate Fluctuation on Economic Growth – Empirical Studies Based on Different Countries
BT  - Proceedings of the 4th International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2019)
PB  - Atlantis Press
SP  - 29
EP  - 33
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200708.006
DO  - 10.2991/aebmr.k.200708.006
ID  - Han2020
ER  -