Real Effective Exchange Rate and Industrial Productivity in Croatia: Wavelet Coherence Analysis-Reference-Cited by-同舟云学术

Real Effective Exchange Rate and Industrial Productivity in Croatia: Wavelet Coherence Analysis

Published:2021-06-01 Issue:1 Volume:16 Page:30-37
ISSN:2233-1999
Container-title:South East European Journal of Economics and Business
language:en
Short-container-title:

Author:

Bošnjak Mile¹^ORCID,Kordić Gordana²^ORCID,Novak Ivan³^ORCID

Affiliation:

1. PhD, Assistant Professor, Faculty of Economics and Business , Zagreb University of Zagreb , Address: Trg J F. Kennedyja 6, 10 000 Zagreb , Croatia

2. PhD, Full Professor, Department of Finance, Faculty of Economics and Business Zagreb , University of Zagreb

3. PhD, Assistant Professor, Faculty of Economics and Business, Zagreb University of Zagreb

Abstract

Abstract This paper brings releationship between real effective exchange rate and industry production in Croatia. Research sample consists of monthly data from January 2000 up to June 2019. Following wavelet coherence approach, empirical results reveal the relationship across time and frequency domain. The empirical obtained from wavelet coherence analysis and confirmed with conventional correlation analysis suggested positive relationship between industrial productivity and real effective exchange rate in Croatia, with depreciation as a factor of positive influence on industrial productivity. Research results provided in the paper also contributes to the debate on exchange rate policy in Croatia, extending the discussion on national exchange rate policy implications.

Publisher

Walter de Gruyter GmbH

Subject

General Economics, Econometrics and Finance,General Business, Management and Accounting

Link

https://www.sciendo.com/pdf/10.2478/jeb-2021-0003

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