Abstract
This paper estimates the real exchange rate misalignment and investigates its impact on economic performance and competitiveness of Namibia for the period 1970 to 2011 using cointegrated vector autoregression methods. The results show that there were periods of overvaluation and undervaluation of the real exchange rate. The analysis reveals that misalignment has a negative impact on the competitiveness and performance of the economy. Maintaining the real exchange rate out of equilibrium reduces economic performance and competitiveness. This suggests that policy makers should monitor the real exchange rate regularly and make the exchange rate policy part of trade promotion strategy.
| Original language | English |
|---|---|
| Pages (from-to) | 352-367 |
| Number of pages | 16 |
| Journal | Corporate Ownership and Control |
| Volume | 10 |
| Issue number | 3 E,CONT4 |
| DOIs | |
| Publication status | Published - 2013 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 17 Partnerships for the Goals
Keywords
- Autoregressions
- Economic performance
- Namibia
- Trade promotion strategy
ASJC Scopus subject areas
- General Business,Management and Accounting
Fingerprint
Dive into the research topics of 'Real exchange rate misalignment and economic performance in Namibia'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver