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Impact of Macroeconomic Variables on Exchange Rate: An Evidence from Pakistan

In: Advances in Time Series Data Methods in Applied Economic Research

Author

Listed:
  • Muhammad Mohsin

    (Liaoning Technical University)

  • Li Naiwen

    (Liaoning Technical University)

  • Muhammad Kashif Majeed

    (Liaoning Technical University)

  • Sobia Naseem

    (Liaoning Technical University)

Abstract

The purpose of this research is to provide the evidence on the relationship between Real Exchange rate (REXR) against US dollar and macroeconomic variables in Pakistan. This study has taken real exchange rate is dependent variable and some other macroeconomic variables are as independent variables. To examine this relationship the ordinary least square regression (OLS) technique is used. This technique was used by Zamir et al. (2017). The results shows that current balance (CB) is negatively significant at 10% level, the inflation and foreign direct investment (FDI) is also negatively significant at 5, 1% respectively. But the Gross domestic product per capita (GDP) is positively significant at 5% level. The Trade openness (OP) shows no important relation with real exchange rate (REXR). Further the ARCH LM test provides result there is no serial correlation and to check the heteroskedasticity whit test is used this test shows the result there is no heteroskedasticity. This study is helpful for international investor and also to increase export for a country.

Suggested Citation

  • Muhammad Mohsin & Li Naiwen & Muhammad Kashif Majeed & Sobia Naseem, 2018. "Impact of Macroeconomic Variables on Exchange Rate: An Evidence from Pakistan," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Time Series Data Methods in Applied Economic Research, chapter 0, pages 325-333, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-02194-8_22
    DOI: 10.1007/978-3-030-02194-8_22
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