Real exchange rate misalignment and economic performance in Namibia

Eita, Joel Hinaunye; Jordaan, Andre Cillie

dc.contributor.author	Eita, Joel Hinaunye
dc.contributor.author	Jordaan, Andre Cillie
dc.date.accessioned	2015-03-05T08:04:21Z
dc.date.available	2015-03-05T08:04:21Z
dc.date.issued	2013
dc.description.abstract	This paper estimates the real exchange rate misalignment and investigates its impact on economic performance and competitiveness of Namibia for the period 1970 to 2011 using cointegrated vector autoregression methods. The results show that there were periods of overvaluation and undervaluation of the real exchange rate. The analysis reveals that misalignment has a negative impact on the competitiveness and performance of the economy. Maintaining the real exchange rate out of equilibrium reduces economic performance and competitiveness. This suggests that policy makers should monitor the real exchange rate regularly and make the exchange rate policy part of trade promotion strategy.	en_ZA
dc.description.librarian	hb2015	en_ZA
dc.description.uri	http://www.virtusinterpress.org/-Journals-.html	en_ZA
dc.identifier.citation	Eita, JH & Jordaan, AC 2013, 'Real exchange rate misalignment and economic performance in Namibia', Corporate Ownership and Control, vol. 10, no. 3, pp. 352-367.	en_ZA
dc.identifier.issn	1727-9232 (print)
dc.identifier.issn	1810-3057 (online)
dc.identifier.issn	1810-0368 (CD)
dc.identifier.uri	http://hdl.handle.net/2263/43869
dc.language.iso	en	en_ZA
dc.publisher	Virtus Interpress	en_ZA
dc.rights	© Virtus interpress 2013	en_ZA
dc.subject	Economic performance	en_ZA
dc.subject	Namibia	en_ZA
dc.subject	Trade promotion strategy	en_ZA
dc.subject	Real exchange rate misalignment	en_ZA
dc.subject	Competitiveness	en_ZA
dc.subject	Cointegrated vector autoregression methods	en_ZA
dc.title	Real exchange rate misalignment and economic performance in Namibia	en_ZA
dc.type	Article	en_ZA