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The impact of trade and exchange-rate policy reforms on North African manufactured exports


  • Khalid Sekkat
  • Aristomene Varoudakis


Three indicators capture the impact of exchange-rate policy in fostering manufactured exports from North Africa: changes in the real effective exchange rate (REER), its volatility, and its misalignment. The impact of trade policy is examined using a trade liberalisation indicator. Export supply equations are estimated for three manufacturing industries: textiles, chemicals, and food. The results suggest that trade and exchange-rate policies matter for export performance, as is evidenced by the negative influence exerted independently by real exchange-rate misalignment and volatility and by the positive influence of trade liberalisation.

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  • Khalid Sekkat & Aristomene Varoudakis, 2002. "The impact of trade and exchange-rate policy reforms on North African manufactured exports," ULB Institutional Repository 2013/7348, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:ulb:ulbeco:2013/7348
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    References listed on IDEAS

    1. Roy van der Weide, 2002. "GO-GARCH: a multivariate generalized orthogonal GARCH model," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 17(5), pages 549-564.
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    1. repec:eco:journ1:2017-04-10 is not listed on IDEAS
    2. Khalid Sekkat & Marie-Ange Veganzones, 2005. "Trade and foreign exchange liberalization, investment climate and FDI in the MENA," DULBEA Working Papers 05-06.RS, ULB -- Universite Libre de Bruxelles.
    3. Marie-Ange VEGANZONES-VAROUDAKIS & SEKKAT, 2004. "Trade and Foreign Exchange Liberalization,Investment Climate, and FDI in the MENA Countries," Working Papers 200430, CERDI.
    4. repec:rss:jnljms:v7i6p4 is not listed on IDEAS

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