Estimating the equilibrium real exchange rate for Namibia

Sichei, Moses Muse; Eita, Joel Hinaunye

dc.contributor.author	Sichei, Moses Muse
dc.contributor.upauthor	Eita, Joel Hinaunye
dc.date.accessioned	2008-02-15T09:05:25Z
dc.date.available	2008-02-15T09:05:25Z
dc.date.issued	2006-02
dc.description.abstract	This paper estimates the equilibrium real exchange rate and the resulting real exchange rate misalignment in Namibia during the period 1970 to 2004. The equilibrium real exchange rate is determined by trade and exchange restrictions (openness), terms of trade and ratio of investment to GDP. An increase in openness and ratio of investment to GDP cause the real exchange rate to appreciate. The real exchange rate was overvalued for almost the entire estimation period. It reached its equilibrium value in 1998. It is important to monitor the real exchange rate, and ensure that the divergence from the equilibrium value is minimised.	en
dc.format.extent	207727 bytes
dc.format.mimetype	application/pdf
dc.identifier.citation	Eita, JH & Sichei, MM 2006, 'Estimating the equilibrium real exchange rate for Namibia', University of Pretoria, Department of Economics, Working paper series, no. 2006-08. [http://web.up.ac.za/default.asp?ipkCategoryID=736&sub=1&parentid=677&subid=729&ipklookid=3]	en
dc.identifier.uri	http://hdl.handle.net/2263/4457
dc.language.iso	en	en
dc.publisher	University of Pretoria, Department of Economics	en
dc.relation.ispartofseries	Working Paper (University of Pretoria, Department of Economics)	en
dc.relation.ispartofseries	2006-08	en
dc.rights	University of Pretoria, Department of Economics	en
dc.subject	Equilibrium real exchange rate	en
dc.subject	Misalignment	en
dc.subject	Cointegrating vector	en
dc.subject.lcsh	Foreign exchange rates -- Namibia	en
dc.title	Estimating the equilibrium real exchange rate for Namibia	en
dc.type	Working Paper	en