IMPACT OF EXCHANGE RATE REGIMES ON ECONOMIC GROWTH: SOME OBSERVATIONS ON THE POSSIBLE CHANNELS
IMPACT OF EXCHANGE RATE REGIMES ON ECONOMIC GROWTH: SOME OBSERVATIONS ON THE POSSIBLE CHANNELS
Author(s): Amaira Bouzid Subject(s): Economy
Published by: Universitatea SPIRU HARET - Faculty of Accounting and Financial Management
Keywords: Exchange Rate Regimes; Economic Growth; Solow growth model; Tunisia.
Summary/Abstract: This paper has been a challenge to identify a direct correlation between exchange rate regimes and economic growth in Tunisia over a period from 1990 to 2014. The empirical analysis seems to show a link between the actual exchange rate regime and economic growth. The empirical investigation confirmed the adverse effect of exchange rate regimes on growth, using all measures of exchange rate regimes, as predicted by endogenous growth models. The results also highlighted the role of other factors; specifically, capital stock and labor input have the theoretical signs predicted by the Solow growth model and are statistically significant.
Journal: Journal of Academic Research in Economics (JARE)
- Issue Year: 9/2017
- Issue No: 3
- Page Range: 313-326
- Page Count: 14
- Language: English
- Content File-PDF
