scholarly journals Real Exchange Rates and Relative Prices: An Empirical Investigation

10.3386/w4231 ◽  
1992 ◽  
Author(s):  
Charles Engel
Keyword(s):  
Exchange Rates ◽  
Empirical Investigation ◽  
Real Exchange Rates ◽  
Relative Prices

The main determinants effecting international visitor arrivals in New Zealand

2016 ◽  
Vol 23 (5) ◽  
pp. 921-940 ◽  
Author(s):  
Azmat Gani ◽  
Michael D. Clemes
Keyword(s):  
New Zealand ◽  
Financial Crisis ◽  
Exchange Rates ◽  
Global Financial Crisis ◽  
Good Governance ◽  
Real Exchange Rates ◽  
Relative Prices ◽  
Per Capita ◽  
Main Determinants ◽  
The Global Financial Crisis

This study examines the main determinants of international visitor arrivals in New Zealand in light of New Zealand’s major earthquakes in 2010 and 2011 as well as the global financial crisis of 2007. Our results provide strong evidence that visitor origin country per capita incomes, relative prices, real exchange rates, the distance between New Zealand and its main visitor origin countries and New Zealand’s record of good governance are statistically significant determinants of visitor arrivals to New Zealand. Our findings also reveal a negative but statistically insignificant effect of the earthquakes of 2010 and 2011on visitor arrivals to New Zealand. Our findings do not provide any significant regressive effect of the global financial crisis on visitor arrivals to New Zealand.

scholarly journals Productivity Demand Shocks And Asia-Pacific Real Exchange Rates

2011 ◽  
Vol 8 (2) ◽  
Author(s):  
Ordean Olson
Keyword(s):  
Hong Kong ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Real Exchange Rate ◽  
Real Exchange Rates ◽  
The Philippines ◽  
Asia Pacific ◽  
Relative Prices ◽  
Significant Relationships ◽  
Relative Productivity

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined using sectoral output and employment data, relative prices and relative productivities for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand. Time series regressions of the real exchange rate on relative productivity ratios indicate significant relationships for the Philippines, Hong Kong, Thailand, Singapore, Taiwan and Korea. Only when augmenting the regressions with real oil prices are significant relationships obtained for Indonesia and Japan. Panel regression results are less supportive of a relative productivity view of real exchange rates except for Hong Kong, China and Thailand. Surprisingly, government spending does not appear to be a determinant of real exchange rates except for the countries of Malaysia, the Philippines, Taiwan and Thailand.

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