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المؤلفAlsamara, Mouyad
تاريخ الإتاحة2020-05-15T00:15:05Z
تاريخ النشر2019
اسم المنشورJournal for Global Business Advancement
المصدرScopus
الرقم المعياري الدولي للكتاب1746966X
معرّف المصادر الموحدhttp://dx.doi.org/10.1504/JGBA.2019.103313
معرّف المصادر الموحدhttp://hdl.handle.net/10576/14968
الملخصThis study examines the impact of oil price and productivity differentials on real exchange rate (RER) misalignment in Syria from 1980 to 2010. In order to do that, this research develops an index for productivity differential by applying the Autoregressive Distributed Lag (ARDL) bounds test for cointegration proposed by Pesaran et al. (2001). The empirical results found that there is a positive and significant relationship between productivity differentials, oil price, gross capital formation and RER appreciation while government expenditure has an opposite impact. Stability tests show that RER adjusts towards its equilibrium path. The empirical results further conclude that a flexible exchange rate raise the adjustment speed towards the equilibrium in the long run. Consequently, Syria's monetary policy economy should achieve a flexible exchange rate regime to ease the convergence of the exchange rate after a shock occurs. 2019 Inderscience Enterprises Ltd.
اللغةen
الناشرInderscience Enterprises Ltd.
الموضوعARDL model
Productivity differentials
Real exchange rate misalignment
Syrian economy
العنوانThe impacts of productivity differentials and oil price on the real exchange rate misalignment: Evidence from a developing country
النوعArticle
الصفحات582-599
رقم العدد4
رقم المجلد12
dc.accessType Abstract Only


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