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An Assessment of External Price Competitiveness for Mozambique

Author

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  • 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

  • Francis Vitek, 2009. "An Assessment of External Price Competitiveness for Mozambique," IMF Working Papers 09/165, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:09/165
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23164
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    Citations

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    Cited by:

    1. 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.
    2. 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).
    3. repec:old:wpaper:338 is not listed on IDEAS
    4. John C Bluedorn & Rupa Duttagupta & Jaime Guajardo & Nkunde Mwase, 2013. "The Growth Comeback in Developing Economies; A New Hope or Back to the Future?," IMF Working Papers 13/132, International Monetary Fund.
    5. International Monetary Fund, 2012. "Republic of Moldova; Selected Issues," IMF Staff Country Reports 12/289, International Monetary Fund.
    6. 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.
    7. Andersson, Per-Åke & Sjö, Bo, 2012. "Successful inflation targeting in Mozambique despite vulnerability to internal and external shocks," Working Papers in Economics 544, University of Gothenburg, Department of Economics.
    8. repec:zbw:hohpro:338 is not listed on IDEAS

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