Citation
Niaz Ahmad, Mohd Naseem and M. S., Hamizah
(2013)
Exchange rate misalignment and economic growth: recent
evidence in Malaysia.
Pertanika Journal of Social Sciences & Humanities, 21 (spec. Sep.).
pp. 47-66.
ISSN 0128-7702; ESSN: 2231-8534
Abstract
The present study aims at investigating the growth effects of real exchange rate misalignments in Malaysia over the period 1991:1-2009:4. The RER misalignment is built through the estimation of the NATREX equilibrium model. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration framework, the results indicate the presence of positive and significant relationship between the RER misalignment and economic growth. This finding obtained is consistent with the notion that the RER misalignment through the distortion in relative price has systematic influence on the pattern of economic development.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Universiti Putra Malaysia Press |
| Keywords: | Real exchange rate; Misalignment; NATREX model; Output growth; ARDL |
| Depositing User: | Umikalthom Abdullah |
| Date Deposited: | 10 Apr 2015 00:34 |
| Last Modified: | 21 Sep 2015 00:59 |
| URI: | http://psasir.upm.edu.my/id/eprint/30858 |
| Statistic Details: | View Download Statistic |
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