Real-Exchange-Rate Uncertainty and Private Investment in LDCs

By Luis Servn. Review of Economics and Statistics, 2003

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Public Investment in Developing Countries: A Blessing or a Curse? (2008, methodology): “We measure uncertainty by the conditional variance of the residuals resulting from estimating a simple GARCH (1,1) for the variance and an AR(1) in the conditional mean equation of the real exchange rate (in logs) by country, as in Servén (2003).”
Commodity Price Volatility and the Sources of Growth (2012, unknown): “…variable, gCTOT,it, on a constant (this formulation is used to avoid prejudging the issue of stationarity) as in Bleaney and Greenaway (2001) and Serven (2003): (15) where 2 1 2 ),,0( −≈ ititit N ζσζ is the squared residuals, 2 ,iCTOTσ is the conditional variance of gCTOT,it , 2 ,iCTOTσ is the…”
Dealing with Dutch Disease (2010, background): “Serven (2003) documents the impact of real exchange rate volatility on investment.”