“TheEffectofExchangeRateMisalignmentonEconomicGrowthinSelectedSubSaharanAfricancountries’’

dc.contributor.author	Ezezw, Henok
dc.date.accessioned	2021-02-09T06:23:27Z
dc.date.available	2021-02-09T06:23:27Z
dc.date.issued	2020-06-12
dc.identifier.uri	http://hdl.handle.net/123456789/3099
dc.description.abstract	Theobjectiveofthisstudyistoinvestigatetheeffectofrealeffectiveexchangeratemisalignmentontheeconomicgrowthof12sub-SaharanAfricancountriesusingpaneldatafrom2000to2016.Relyingonpanelco-integrationtechniques,wecalculaterealeffectiveexchangeratemisalignmentsasdeviationsofactualrealeffectiveexchangeratefromtheirequilibriumvaluesforthesamplecountries.Wehavefoundapositiveandsignificanteffectofproductivityonequilibriumrealeffectiveexchangerate.Beforeapplyingthepanelsmoothtransitionregressionmodelforestimationpurposes,wetrytocheckthepresenceofnon-linearitybetweenrealeffectiveexchangeratemisalignmentandGDPpercapitagrowth.Unfortunately,thetestproofsthelinearrelationshipbetweenrealeffectiveexchangeratemisalignmentandGDPpercapita growth.Thisresultobligedustoturnourmodeofanalysisfromanon-linearpaneldatamodeltoalinearpanelmodel.Finally,weusetheresultfeasiblegeneralisedordinaryleastsquaremodelforanalysispurposes.TheresultsofthefeasiblegeneralisedordinaryleastsquaremodelsignifythatrealeffectiveexchangeratemisalignmenthasnosignificanteffectontheeconomicgrowthofsampleSubSaharancountries.WetrytochecktherobustnessoftheresultbyapplyingHodrick-Prescottfiltermechanism,buttheresultisthesame.Andwefindasignificantandpositiveeffectofotherexplanatoryvariablesoneconomicgrowthofthesamplecountriesexcepthumancapital.	en_US
dc.description.sponsorship	uog	en_US
dc.language.iso	en_US	en_US
dc.publisher	uog	en_US
dc.relation.ispartofseries	report;
dc.subject	Realeffectiveexchangeratemisalignment,economicgrowth.	en_US
dc.title	“TheEffectofExchangeRateMisalignmentonEconomicGrowthinSelectedSubSaharanAfricancountries’’	en_US
dc.type	Thesis	en_US