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Taux de change réel et compétitivité de l’économie réunionnaise

Author

Listed:
  • Michaël GOUJON

    () (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

  • Fabien CANDAU
  • Jean-François HOARAU
  • Serge REY

Abstract

L’île de La Réunion, région française ultrapériphérique, se caractérise par des performances économiques généralement en deçà de celles de la métropole, mais aussi de celles de partenaires commerciaux qui partagent nombre de caractéristiques communes. Le très fort déficit de la balance commerciale réunionnaise en est un des révélateurs. Ceci nous conduit à étudier la compétitivité-prix de La Réunion grâce au calcul et à l’examen des propriétés statistiques de l’indicateur de taux de change effectif réel. Il ressort que ce taux est stationnaire autour d’une tendance et qu’il ne révèle pas de phénomène de surévaluation significatif. Par conséquent les piètres performances en matière de commerce extérieur ne peuvent être mises sur le compte d’un euro qui serait « trop fort », mais doivent conduirent les décideurs à réfléchir sur les causes structurelles d’un modèle économique peu performant.

Suggested Citation

  • Michaël GOUJON & Fabien CANDAU & Jean-François HOARAU & Serge REY, 2010. "Taux de change réel et compétitivité de l’économie réunionnaise," Working Papers 201029, CERDI.
  • Handle: RePEc:cdi:wpaper:1206
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    References listed on IDEAS

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    More about this item

    Keywords

    Taux de change réel; Stationnarité; Racine unitaire; La reunion;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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