The Dynamics between Real Exchange Rate Movements and Trends in Trade Performance: The Case of Ethiopia
AbstractEthiopia’s exchange rate policies have been a bone of contention for concerned economic analysts and commentators alike. This study takes a new look at the record to explore the impact of exchange rate liberalization reforms on export growth in Ethiopia. I employ generalized method of moments estimators (GMM) techniques on time series data for the period 1981-2009. The study does not support the widely held view that exchange rate reforms induce export growth. But world income was found to positively impact Ethiopia’s export receipts over time.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 29316.
Date of creation: 04 Mar 2011
Date of revision:
Real Exchange Rate; Devaluation; Export Performance;
Find related papers by JEL classification:
- F00 - International Economics - - General - - - General
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- A10 - General Economics and Teaching - - General Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-AFR-2011-03-19 (Africa)
- NEP-ALL-2011-03-19 (All new papers)
- NEP-OPM-2011-03-19 (Open Economy Macroeconomic)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- P. Krugman & L. Taylor, 1976.
"Contractionary Effects of Devaluations,"
191, Massachusetts Institute of Technology (MIT), Department of Economics.
- Bahmani-Oskooee, Mohsen & Hajilee, Massomeh, 2009. "The J-Curve at industry level: Evidence from Sweden-US trade," Economic Systems, Elsevier, vol. 33(1), pages 83-92, March.
- Bahmani-Oskooee, Mohsen & Mohtadi, Hamid & Shabsigh, Ghiath, 1991. "Exports, growth and causality in LDCs : A re-examination," Journal of Development Economics, Elsevier, vol. 36(2), pages 405-415, October.
- Sebastian Edwards, 1986. "Devaluation and Aggregate Economic Activity: An Empirical Analysis of the Contractionary Devaluation Issue," UCLA Economics Working Papers 412, UCLA Department of Economics.
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