Exchange Rate Pass-Through Into Import Prices In Developing Countries: An Empirical Investigation

Karim Barhoumi ()

Economics Bulletin, 2004, vol. 28, issue 10, A0

Abstract: We define and estimate an exchange rate pass-through equation for 24 developing countries. We find that long run exchange rate pass-through into import price is determined by a combination of nominal effective exchange rate, the price of the competing domestic product, the exporter's cost and domestic demand conditions. Adopting a multi-country framework and using non-stationary panel estimation techniques and tests for panel cointegration, we show that exchange rate pass-through in developing countries is heterogeneous.

JEL-codes: C5 F0 (search for similar items in EconPapers)
Date: 2004-11-15
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Journal Article: Exchange Rate Pass-Through Into Import Prices In Developing Countries: An Empirical Investigation (2005)
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