Real Exchange Rate Behavior and Economic Growth : Evidence from Egypt, Jordan, Morocco, and Tunisia /

This paper examines the effect of the real exchange rate misalignment (RERMIS) on the collective economic growth of Egypt, Jordan, Morocco, and Tunisia. The paper constructs three measures of exchange rate misalignment based on purchasing power parity; a black market exchange rate; and a structured...

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Dettagli Bibliografici
Autore principale: Shabsigh, Ghiath
Altri autori: Domac, Ilker
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1999.
Serie:IMF Working Papers; Working Paper ; No. 1999/040
Accesso online:Full text available on IMF
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245 1 0 |a Real Exchange Rate Behavior and Economic Growth :   |b Evidence from Egypt, Jordan, Morocco, and Tunisia /  |c Ghiath Shabsigh, Ilker Domac. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper examines the effect of the real exchange rate misalignment (RERMIS) on the collective economic growth of Egypt, Jordan, Morocco, and Tunisia. The paper constructs three measures of exchange rate misalignment based on purchasing power parity; a black market exchange rate; and a structured model. The empirical investigation confirmed the adverse effect of RERMIS on growth, using all measures of RERMIS, as predicted by endogenous growth models. The results also highlighted the role of other factors; specifically, capital growth and population have the theoretical signs predicted by the Solow growth model and are statistically significant. 
538 |a Mode of access: Internet 
700 1 |a Domac, Ilker. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/040 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/040/001.1999.issue-040-en.xml  |z IMF e-Library