Exchange Rate Undervaluation to Foster Manufactured Exports: A Deliberate Strategy?
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Patrick Plane & Ridha Nouira & K. Sekkat, 2011. "Exchange Rate Undervaluation to Foster Manufactured Exports: A Deliberate Strategy?," Working Papers halshs-00553163, HAL.
- Patrick Plane & Ridha Nouira & K. Sekkat, 2011. "Exchange Rate Undervaluation to Foster Manufactured Exports: A Deliberate Strategy?," CERDI Working papers halshs-00553163, HAL.
References listed on IDEAS
- Chihwa Kao & Min‐Hsien Chiang & Bangtian Chen, 1999.
"International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 691-709, November.
- Chihwa Kao & Min-Hsien Chiang & Bangtian Chen, 1999. "International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration," Center for Policy Research Working Papers 4, Center for Policy Research, Maxwell School, Syracuse University.
- Mohamed El Arbi Chaffai & Patrick Plane & Dorra Triki Guermazi, 2009. "TFP in Tunisian Manufacturing Sectors: Convergence or Catch-Up with OECD Members?," Middle East Development Journal, Taylor & Francis Journals, vol. 1(1), pages 123-144, January.
- Pedroni, Peter, 2004.
"Panel Cointegration: Asymptotic And Finite Sample Properties Of Pooled Time Series Tests With An Application To The Ppp Hypothesis,"
Econometric Theory, Cambridge University Press, vol. 20(3), pages 597-625, June.
- Peter Pedroni, 2004. "Panel Cointegration: Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis," Department of Economics Working Papers 2004-15, Department of Economics, Williams College.
- Moon, H.R.Hyungsik Roger & Perron, Benoit, 2004.
"Testing for a unit root in panels with dynamic factors,"
Journal of Econometrics, Elsevier, vol. 122(1), pages 81-126, September.
- Hyungsik Roger MOON & Benoit PERRON, 2002. "Testing For A Unit Root In Panels With Dynamic Factors," Cahiers de recherche 18-2002, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- MOON, Hyungsik Roger & PERRON, Benoit., 2002. "Testing for a Unit Root in Panels with Dynamic Factors," Cahiers de recherche 2002-18, Universite de Montreal, Departement de sciences economiques.
- Mohamed El Arbi Chaffai & Patrick Plane & Dorra Triki Guermazi, 2009.
"Tfp In Tunisian Manufacturing Sectors: Convergence Or Catch-Up With Oecd Members?,"
Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 123-144.
- Patrick Plane & Mohamed Chaffai & Dorra Triki, 2009. "TFP in Tunisian Manufacturing Sectors: Convergence or Catch-up with OECD Members," Post-Print hal-00412148, HAL.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
- Chang, Yoosoon, 2002.
"Nonlinear IV unit root tests in panels with cross-sectional dependency,"
Journal of Econometrics, Elsevier, vol. 110(2), pages 261-292, October.
- Yoosoon Chang, 2000. "Nonlinear IV Unit Root Tests in Panels with Cross-Sectional Dependency," CIRJE F-Series CIRJE-F-85, CIRJE, Faculty of Economics, University of Tokyo.
- Chang, Yoosoon, 2002. "Nonlinear IV Unit Root Tests in Panels with Cross-Sectional Dependency," Working Papers 2000-08, Rice University, Department of Economics.
- M. Hashem Pesaran, 2021.
"General diagnostic tests for cross-sectional dependence in panels,"
Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
- Pesaran, M.H., 2004. "‘General Diagnostic Tests for Cross Section Dependence in Panels’," Cambridge Working Papers in Economics 0435, Faculty of Economics, University of Cambridge.
- Pesaran, M. Hashem, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," IZA Discussion Papers 1240, Institute of Labor Economics (IZA).
- M. Hashem Pesaran, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," CESifo Working Paper Series 1229, CESifo.
- William Ellery Channing, 1994. "Change," American Journal of Economics and Sociology, Wiley Blackwell, vol. 53(1), pages 15-15, January.
- Kao, Chihwa & Chiang, Min-Hsien & Chen, Bangtian, 1999.
"International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 61(0), pages 691-709, Special I.
- Chihwa Kao & Min-Hsien Chiang & Bangtian Chen, 1999. "International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration," Center for Policy Research Working Papers 4, Center for Policy Research, Maxwell School, Syracuse University.
- Matsuyama, Kiminori, 1992.
"Agricultural productivity, comparative advantage, and economic growth,"
Journal of Economic Theory, Elsevier, vol. 58(2), pages 317-334, December.
- Kiminori Matsuyama, 1990. "Agricultural Productivity, Comparative Advantage, and Economic Growth," Discussion Papers 934, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Kiminori Matsuyama, 1991. "Agricultural Productivity, Comparative Advantage and Economic Growth," NBER Working Papers 3606, National Bureau of Economic Research, Inc.
- Fischer, Stanley, 1993.
"The role of macroeconomic factors in growth,"
Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
- Stanley Fischer, 1993. "The Role of Macroeconomic Factors in Growth," NBER Working Papers 4565, National Bureau of Economic Research, Inc.
- Sekkat, Khalid & Varoudakis, Aristomene, 2000.
"Exchange rate management and manufactured exports in Sub-Saharan Africa,"
Journal of Development Economics, Elsevier, vol. 61(1), pages 237-253, February.
- Khalid Sekkat & Aristomene Varoudakis, 1998. "Exchange-Rate Management and Manufactured Exports in Sub-Saharan Africa," OECD Development Centre Working Papers 134, OECD Publishing.
- Khalid Sekkat & Aristomene Varoudakis, 2000. "Exchange rate management and manufactured exports in Sub-Saharan Africa," ULB Institutional Repository 2013/7342, ULB -- Universite Libre de Bruxelles.
- Cottani, Joaquin A & Cavallo, Domingo F & Khan, M Shahbaz, 1990. "Real Exchange Rate Behavior and Economic Performance in LDCs," Economic Development and Cultural Change, University of Chicago Press, vol. 39(1), pages 61-76, October.
- Barisone, Giacomo & Driver, Rebecca L. & Wren-Lewis, Simon, 2006.
"Are our FEERs justified?,"
Journal of International Money and Finance, Elsevier, vol. 25(5), pages 741-759, August.
- Barisone, G. & Driver, R.L. & Wren-Lewis, S., 2000. "Are Our FEERs Justified?," Discussion Papers 0002, University of Exeter, Department of Economics.
- Sebastian Edwards, 1998. "The Mexican Peso Crisis: How Much Did We Know? When Did We Know It?," The World Economy, Wiley Blackwell, vol. 21(1), pages 1-30, January.
- Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003.
"Testing for unit roots in heterogeneous panels,"
Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
- Pasaran, M.H. & Im, K.S. & Shin, Y., 1995. "Testing for Unit Roots in Heterogeneous Panels," Cambridge Working Papers in Economics 9526, Faculty of Economics, University of Cambridge.
- Tom Doan, "undated". "IPSHIN: RATS procedure to implement Im, Pesaran and Shin panel unit root test," Statistical Software Components RTS00098, Boston College Department of Economics.
- Balassa, Bela, 1990. "Incentive policies and export performance in sub-Saharan Africa," World Development, Elsevier, vol. 18(3), pages 383-391, March.
- John Williamson, 1994. "Estimating Equilibrium Exchange Rates," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 17.
- Peter Pedroni, 1999.
"Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 653-670, November.
- Peter Pedroni, 1999. "Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors," Department of Economics Working Papers 2000-02, Department of Economics, Williams College.
- Jeffrey D. Sachs & Andrew Warner, 1995.
"Economic Reform and the Process of Global Integration,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
- Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
- Anne O. Krueger, 1978. "Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences," NBER Books, National Bureau of Economic Research, Inc, number krue78-1, July.
- Linda S. Goldberg, 2004. "Industry-specific exchange rates for the United States," Economic Policy Review, Federal Reserve Bank of New York, issue May, pages 1-16.
- Engle, Robert & Granger, Clive, 2015.
"Co-integration and error correction: Representation, estimation, and testing,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-276, March.
- Lahcen Achy & Khalid Sekkat, 2003. "The European Single Currency and MENA's Exports to Europe," Review of Development Economics, Wiley Blackwell, vol. 7(4), pages 563-582, November.
- Rodrik, Dani, 1986. "Disequilibrium exchange rates as industrialization policy," Journal of Development Economics, Elsevier, vol. 23(1), pages 89-106, September.
- Newey, Whitney & West, Kenneth, 2014.
"A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 33(1), pages 125-132.
- Newey, Whitney K & West, Kenneth D, 1987. "A Simple, Positive Semi-definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix," Econometrica, Econometric Society, vol. 55(3), pages 703-708, May.
- Whitney K. Newey & Kenneth D. West, 1986. "A Simple, Positive Semi-Definite, Heteroskedasticity and AutocorrelationConsistent Covariance Matrix," NBER Technical Working Papers 0055, National Bureau of Economic Research, Inc.
- Pedroni, Peter, 1999.
"Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 61(0), pages 653-670, Special I.
- Peter Pedroni, 1999. "Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors," Department of Economics Working Papers 2000-02, Department of Economics, Williams College.
- Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002.
"Unit root tests in panel data: asymptotic and finite-sample properties,"
Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
- Tom Doan, "undated". "LEVINLIN: RATS procedure to perform Levin-Lin-Chu test for unit roots in panel data," Statistical Software Components RTS00242, Boston College Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Nouira, Ridha & Plane, Patrick & Sekkat, Khalid, 2011.
"Exchange rate undervaluation and manufactured exports: A deliberate strategy?,"
Journal of Comparative Economics, Elsevier, vol. 39(4), pages 584-601.
- Ridha Nouira & Patrick Plane & Khalid Sekkat, 2010. "Exchange Rate Undervaluation and Manufactured Exports: A Deliberate Strategy?," Working Papers 510, Economic Research Forum, revised 03 Jan 2010.
- SEKKAT & Patrick PLANE & Ridha NOUIRA, 2011. "Exchange Rate Undervaluation and Manufactured Exports: A Deliberate Strategy?," Working Papers 201125, CERDI.
- Ridha Nouira & Patrick Plane & K. Sekkat, 2011. "Exchange Rate Undervaluation and Manufactured Exports: A Deliberate Strategy?," Working Papers halshs-00617573, HAL.
- Patrick Plane & Ridha Nouira & K Sekkat, 2010. "Exchange Rate Undervaluation And Manufactured Exports: A Deliberate Strategy?," Post-Print halshs-00673445, HAL.
- Patrick Plane & Ridha Nouira & K Sekkat, 2011. "Exchange Rate Undervaluation and Manufactured Exports: A Deliberate Strategy?," Post-Print halshs-00666945, HAL.
- Ridha Nouira & Patrick Plane & K. Sekkat, 2011. "Exchange Rate Undervaluation and Manufactured Exports: A Deliberate Strategy?," CERDI Working papers halshs-00617573, HAL.
- Nouira, Ridha & Sekkat, Khalid, 2012.
"Desperately seeking the positive impact of undervaluation on growth,"
Journal of Macroeconomics, Elsevier, vol. 34(2), pages 537-552.
- Ridha Nouira & Khalid Sekkat, 2010. "Desperately Seeking the Positive Impact of Undervaluation on Growth," Working Papers 560, Economic Research Forum, revised 10 Jan 2010.
- Khalid Sekkat, 2012. "Exchange Rate Undervaluation, Financial Development and Growth," Working Papers 742, Economic Research Forum, revised Dec 2012.
- Hakimi, Abdelaziz & Hamdi, Helmi, 2016.
"Trade liberalization, FDI inflows, environmental quality and economic growth: A comparative analysis between Tunisia and Morocco,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 1445-1456.
- hakimi, Abdelaziz & Hamdi, Helmi, 2015. "Trade liberalization, FDI inflows, Environmental quality and Economic growth: A comparative analysis between Tunisia and Morocco," MPRA Paper 63799, University Library of Munich, Germany.
- Abdelaziz Hakimi & Helmi Hamdi, 2016. "Trade liberalization, FDI inflows, environmental quality and economic growth: A comparative analysis between Tunisia and Morocco," Post-Print halshs-01902749, HAL.
- Breitung, Jörg & Pesaran, Mohammad Hashem, 2005.
"Unit roots and cointegration in panels,"
Discussion Paper Series 1: Economic Studies
2005,42, Deutsche Bundesbank.
- Joerg Breitung & M. Hashem Pesaran, 2005. "Unit Roots and Cointegration in Panels," CESifo Working Paper Series 1565, CESifo.
- Jörg Breitung & M. Hashem Pesaran, 2005. "Unit Roots and Cointegration in Panels," IEPR Working Papers 05.32, Institute of Economic Policy Research (IEPR).
- Breitung, J. & Pesaran, M.H., 2005. "Unit Roots and Cointegration in Panels," Cambridge Working Papers in Economics 0535, Faculty of Economics, University of Cambridge.
- Fang, Zheng & Chang, Youngho, 2016. "Energy, human capital and economic growth in Asia Pacific countries — Evidence from a panel cointegration and causality analysis," Energy Economics, Elsevier, vol. 56(C), pages 177-184.
- repec:zbw:rwirep:0557 is not listed on IDEAS
- Olivier Damette & Mathilde Maurel & Michael A. Stemmer, 2016.
"What does it take to grow out of recession? An error-correction approach towards growth convergence of European and transition countries,"
Post-Print
halshs-01318131, HAL.
- Olivier Damette & Mathilde Maurel & Michael A. Stemmer, 2016. "What does it take to grow out of recession? An error-correction approach towards growth convergence of European and transition countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01318131, HAL.
- Olivier Damette & Mathilde Maurel & Michael A. Stemmer, 2016. "What does it take to grow out of recession? An error-correction approach towards growth convergence of European and transition countries," Documents de travail du Centre d'Economie de la Sorbonne 16041, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Chien-Chiang Lee & Sheng-Tung Chen, 2007. "Do Defence Expenditures Spur Gdp? A Panel Analysis From Oecd And Non-Oecd Countries," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(3), pages 265-280.
- Angeliki N. Menegaki, 2019. "The ARDL Method in the Energy-Growth Nexus Field; Best Implementation Strategies," Economies, MDPI, vol. 7(4), pages 1-16, October.
- Juan Carlos Aquino & N. R. Ramírez-Rondán, 2020.
"Estimating factor shares from nonstationary panel data,"
Empirical Economics, Springer, vol. 58(5), pages 2353-2380, May.
- Juan Aquino-Chávez & N.R. Ramírez-Rondán, 2017. "Estimating Factor Shares from Nonstationary Panel Data," Working Papers 89, Peruvian Economic Association.
- Markus Eberhardt & Francis Teal, 2011.
"Econometrics For Grumblers: A New Look At The Literature On Cross‐Country Growth Empirics,"
Journal of Economic Surveys, Wiley Blackwell, vol. 25(1), pages 109-155, February.
- Markus Eberhardt & Francis Teal, 2009. "Econometrics for Grumblers: A New Look at the Literature on Cross-Country Growth Empirics," CSAE Working Paper Series 2009-07, Centre for the Study of African Economies, University of Oxford.
- Eberhardt, Markus & Teal, Francis, 2009. "Econometrics for Grumblers: A New Look at the Literature on Cross-Country Growth Empirics," MPRA Paper 15813, University Library of Munich, Germany.
- Jäger, Philipp & Schmidt, Torsten, 2016.
"The political economy of public investment when population is aging: A panel cointegration analysis,"
European Journal of Political Economy, Elsevier, vol. 43(C), pages 145-158.
- Jäger, Philipp & Schmidt, Torsten, 2015. "The Political Economy of Public Investment when Population is Aging – A Panel Cointegration Analysis," Ruhr Economic Papers 557, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Guglielmo Maria Caporale & Thouraya Hadj Amor & Christophe Rault, 2011.
"International financial integration and real exchange rate long-run dynamics in emerging countries: Some panel evidence,"
The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 20(6), pages 789-808, September.
- Caporale, Guglielmo Maria & Hadj Amor Essid, Thouraya & Rault, Christophe, 2009. "International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence," IZA Discussion Papers 4038, Institute of Labor Economics (IZA).
- Guglielmo Maria Caporale & Thouraya Hadj Amor & Christophe Rault, 2009. "International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence," CESifo Working Paper Series 2819, CESifo.
- Guglielmo Maria Caporale & Thouraya Hadj Amor & Christophe Rault, 2009. "International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence," Discussion Papers of DIW Berlin 941, DIW Berlin, German Institute for Economic Research.
- Manuel Ennes Ferreira & João Dias & Jelson Serafim, 2022. "Stock Market and Economic Growth: Evidence from Africa," Working Papers REM 2022/0228, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
- Luciano Gutierrez, 2005. "Tests for cointegration in panels with regime shifts," Econometrics 0505007, University Library of Munich, Germany.
- Tiba, Sofien & Frikha, Mohamed, 2019. "The controversy of the resource curse and the environment in the SDGs background: The African context," Resources Policy, Elsevier, vol. 62(C), pages 437-452.
- Audi, Marc & Ali, Amjad & Fayad Hamadeh, Hani, 2022. "Nexus among innovations, financial development and economic growth in developing countries," MPRA Paper 115220, University Library of Munich, Germany.
- Muhammad Ali & Uwe Cantner & Ipsita Roy, 2017.
"Knowledge Spillovers Through FDI and Trade: The Moderating Role of Quality-Adjusted Human Capital,"
Economic Complexity and Evolution, in: Andreas Pyka & Uwe Cantner (ed.), Foundations of Economic Change, pages 357-391,
Springer.
- Muhammad Ali & Uwe Cantner & Ipsita Roy, 2016. "Knowledge spillovers through FDI and trade: the moderating role of quality-adjusted human capital," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 837-868, October.
- Muhammad Ali & Uwe Cantner & Ipsita Roy, 2015. "Knowledge Spillovers through FDI and Trade: Moderating Role of Quality-Adjusted Human Capital," Jena Economics Research Papers 2015-014, Friedrich-Schiller-University Jena.
- Ozcan, Burcu, 2013. "The nexus between carbon emissions, energy consumption and economic growth in Middle East countries: A panel data analysis," Energy Policy, Elsevier, vol. 62(C), pages 1138-1147.
- Xuejiao Ma & Qichuan Jiang, 2019. "How to Balance the Trade-off between Economic Development and Climate Change?," Sustainability, MDPI, vol. 11(6), pages 1-30, March.
More about this item
Keywords
Exchange rate; Misalignment; Undervaluation; Exports diversification;All these keywords.
JEL classification:
- O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
- O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ARA-2010-03-20 (MENA - Middle East and North Africa)
- NEP-CWA-2010-03-20 (Central and Western Asia)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cdi:wpaper:1148. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vincent Mazenod (email available below). General contact details of provider: https://edirc.repec.org/data/ceauvfr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.