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Exchange rate fluctuations and economic growth in the Democratic Republic of Congo
[Fluctuations du taux de change et croissance économique en République Démocratique du Congo]

Author

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  • Mbuyi Allegra Kabamba

    (UNIKIN - University of Kinshasa)

  • L. Deborah Matadi

Abstract

This paper studies the effects of the exchange rate on economic growth. Our empirical analysis focuses on the Democratic Republic of Congo (DRC) from 1990 to 2019 and uses the Ordinary Least Squares (OLS) method. The results show that exchange rate fluctuations have a negative effect on economic growth. In light of these results, we proposed a number of recommendations, including strengthening resilience through diversification of economic activity, building up budgetary reserves and increasing the level of international reserves. The latter, which can currently cover only three weeks of imports of goods and services, should be gradually increased to a long-term perspective.

Suggested Citation

  • Mbuyi Allegra Kabamba & L. Deborah Matadi, 2021. "Exchange rate fluctuations and economic growth in the Democratic Republic of Congo [Fluctuations du taux de change et croissance économique en République Démocratique du Congo]," Working Papers hal-03346489, HAL.
    • Handle: RePEc:hal:wpaper:hal-03346489
    Note: View the original document on HAL open archive server: https://hal.science/hal-03346489
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    Cited by:

    1. Byaro, Mwoya & Pelizzo, Riccardo & Kinyondo, Abel, 2023. "What are the Main Drivers Behind the Acceleration of Tanzania's Economic Growth Over the Past Three Decades?," African Journal of Economic Review, African Journal of Economic Review, vol. 11(4), June.

    More about this item

    Keywords

    Exchange rate; OLS; economic growth; DRC.; Taux de change; MCO; croissance économique; RDC.;
    All these keywords.

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