Are Devaluations Contractionary in Africa?

被引：17

作者：

Bahmani-Oskooee, Mohsen ^{[1
]}

Gelan, Abera ^{[2
]}

机构：

[1] Univ Wisconsin, Ctr Res Int Econ, Milwaukee, WI 53201 USA

[2] Univ Wisconsin, Dept Africol, Milwaukee, WI 53201 USA

来源：

GLOBAL ECONOMIC REVIEW | 2013年 / 42卷 / 01期

关键词：

Africa; contractionary devaluations; bounds testing; REAL EXCHANGE-RATE; DEVELOPING-COUNTRIES; CURRENCY DEVALUATION; LONG-RUN; OUTPUT; IMPROVE;

D O I：

10.1080/1226508X.2013.769798

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

As far as the impact of devaluation on domestic production is concerned, African countries have not received much attention in the literature. One study that used panel data arrived at a general conclusion that devaluations are contractionary in Africa. In this paper, we consider the experience of 22 African countries with devaluation and use time series data to show that devaluations are indeed expansionary in eight countries and contractionary in five countries. In the remaining countries, they have no effect.

引用

页码：1 / 14

页数：14

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