Non-linear Effect of Exchange Rate on Economic Growth in OECD Countries——Panel data analysis based on PSTR model

Based on the panel data of 35 OECD countries from 2001 to 2019, this paper empirically analyzes nonlinear effect exchange rate economic growth through PSTR model. The results show that appreciation has a certain role in promoting growth. When value local currency is high, stronger growth; when low, weaker Further research shows development export trade strong positive impact growth, while inflow FDI weak promotion relatively weak, development, and positive. It comprehensive these channels.