Show simple item record

AuthorAlsamara, Mouyad
Available date2020-05-15T00:15:05Z
Publication Date2019
Publication NameJournal for Global Business Advancement
ResourceScopus
ISSN1746966X
URIhttp://dx.doi.org/10.1504/JGBA.2019.103313
URIhttp://hdl.handle.net/10576/14968
AbstractThis 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.
Languageen
PublisherInderscience Enterprises Ltd.
SubjectARDL model
Productivity differentials
Real exchange rate misalignment
Syrian economy
TitleThe impacts of productivity differentials and oil price on the real exchange rate misalignment: Evidence from a developing country
TypeArticle
Pagination582-599
Issue Number4
Volume Number12
dc.accessType Abstract Only


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record