Premium
Fécondité et taux de change réel.
Author(s) -
Rose Andrew K.,
Supaat Saktiandi,
Braude Jacob
Publication year - 2009
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1540-5982.2009.01517.x
Subject(s) - fertility , depreciation (economics) , economics , exchange rate , total fertility rate , econometrics , monetary economics , demography , population , research methodology , microeconomics , family planning , profit (economics) , sociology , financial capital , capital formation
We use a quinquennial data set covering 87 countries between 1975 and 2005 to investigate empirically the relationship between fertility and the real effective exchange rate. Theoretically, a country experiencing a decline in its fertility rate can be expected to experience a real depreciation. We test and confirm this hypothesis, controlling for a number of other potential determinants. We find a statistically significant and robust link between fertility and the exchange rate. Our point‐estimate is that a decline in the fertility rate of one child per woman is associated with a depreciation of approximately 15% in the real effective exchange rate.