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Fertility and the Real Exchange Rate / Andrew K. Rose, Saktiandi Supaat.
- Format:
- Book
- Author/Creator:
- Rose, Andrew K.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13263.
- NBER working paper series no. w13263
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- We use a quinquennial data set covering 87 countries between 1975 and 2005 to investigate the relationship between fertility and the real effective exchange rate. Theoretically a country experiencing a decline in its fertility rate can be expected to have higher savings, lower investment, a current account surplus, and accordingly a real depreciation. We test and confirm this hypothesis, controlling for a host of potential determinants such as PPP deviations and the Balassa-Samuelson effect. We find a statistically significant and robust link between fertility and the exchange rate. Our point-estimate is that a decline in the fertility rate of one child per woman is associated with a depreciation of approximately .15% in the real effective exchange rate.
- Notes:
- Print version record
- July 2007.
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