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An Assessment of External Price Competitiveness for Mozambique

Author

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  • Mr. Francis Vitek

Abstract

This paper conducts an assessment of external price competitiveness for Mozambique. A variety of indicators suggest that Mozambique has recently lost external price competitiveness with respect to its major trading partners. Consistent with these indicators, an exchange rate assessment indicates that the metical is overvalued by 26 to 41 percent in real effective terms. If sustained, an overvaluation of this magnitude has the potential to retard economic growth and jeopardize external stability, calling for an adjustment of monetary policy to gradually restore external price competitiveness.

Suggested Citation

  • Mr. Francis Vitek, 2009. "An Assessment of External Price Competitiveness for Mozambique," IMF Working Papers 2009/165, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2009/165
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    Citations

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    Cited by:

    1. António S. Cruz & Fausto J. Mafambissa, 2020. "Economic development and institutions in Mozambique: Factors affecting public financial management," WIDER Working Paper Series wp-2020-133, World Institute for Development Economic Research (UNU-WIDER).
    2. International Monetary Fund, 2012. "Republic of Moldova: Selected Issues," IMF Staff Country Reports 2012/289, International Monetary Fund.
    3. Nguyen, Tran Phuc, 2019. "Equilibrium Real Exchange Rate, Currency Misalignment, and Trade Performance - The Case of Vietnam: 1992-2017," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 9(12), pages 735-751, December.
    4. Lakatos, Csilla & Walmsley, Terrie, 2011. "Dispute Settlement at the WTO: Impacts of a No Deal in the US-Brazil Cotton Dispute," Conference papers 332059, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. repec:zbw:hohpro:338 is not listed on IDEAS
    6. Tamsir Cham, 2016. "An Assessment of External Price Competitiveness for the Gambia," Applied Economics and Finance, Redfame publishing, vol. 3(4), pages 207-216, November.
    7. Sam Jones & Finn Tarp, 2015. "Understanding Mozambique's growth experience through an employment lens," WIDER Working Paper Series 109, World Institute for Development Economic Research (UNU-WIDER).
    8. repec:old:wpaper:338 is not listed on IDEAS
    9. Mr. John C Bluedorn & Rupa Duttagupta & Mr. Jaime Guajardo & Miss Nkunde Mwase, 2013. "The Growth Comeback in Developing Economies: A New Hope or Back to the Future?," IMF Working Papers 2013/132, International Monetary Fund.
    10. Christoph Böhringer & Victoria Alexeeva-Talebi, 2011. "Unilateral climate policy and competitiveness: The implications of differential emission pricing," Working Papers V-338-11, University of Oldenburg, Department of Economics, revised Jun 2011.

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