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• W2096857712 abstract "This paper assesses the effect of changes in real e xchange rates on output growth by applying a smooth transition regression ( STR) model in the case of Bulgaria ‐ a European Union accession country. The nonlinear estimation technique employed here offers more flexibility in terms of allowing for possible asymmetric effects of real appreciations o n growth, contingent upon the behavior of relevant economic variables. The no nlinear model reveals that real appreciations have helped growth in Bulgaria f or most of the period 19942004. Real appreciations can turn contractionary on ly under excessive real money growth, which has occurred only sporadically." @default.
• W2096857712 created "2016-06-24" @default.
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• W2096857712 date "2006-01-01" @default.
• W2096857712 modified "2023-09-26" @default.
• W2096857712 title "EXCHANGE RATES AND NON-LINEAR DYNAMICS IN OUTPUT: EVIDENCE FROM BULGARIA" @default.
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