Real exchange rate misalignment and economic performance in Namibia

Autor:	Joel Hinaunye Eita, Andre Cillie Jordaan
Rok vydání:	2013
Předmět:	Exchange rate Economics International economics Monetary economics General Business Management and Accounting Trade promotion Vector autoregression
Zdroj:	Corporate Ownership and Control. 10:440-455
ISSN:	1810-3057 1727-9232
DOI:	10.22495/cocv10i3c4art3
Popis:	This paper estimates the real exchange rate misalignment and investigates its impact on economic performance and competitiveness of Namibia for the period 1970 to 2011 using cointegrated vector autoregression methods. The results show that there were periods of overvaluation and undervaluation of the real exchange rate. The analysis reveals that misalignment has a negative impact on the competitiveness and performance of the economy. Maintaining the real exchange rate out of equilibrium reduces economic performance and competitiveness. This suggests that policy makers should monitor the real exchange rate regularly and make the exchange rate policy part of trade promotion strategy
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::bcdf9cd7d7f5e36a5c12678b077a1b0b https://doi.org/10.22495/cocv10i3c4art3 Zobrazit plný text záznamu