Real exchange rate equilibrium and misalignment in kenya
Date
1993Author
Musyoki, Danson
Pokhariyal, Ganesh P
Pundo, Moses
Type
ArticleLanguage
enMetadata
Show full item recordAbstract
This paper
examines Real Exchange Rates (RER) misalignment in Kenya by using Johansen
Cointegration and error correction technique based on single equation and Vector
Autoregressive (VAR) specification. It was found that actual RER was more often above its
equilibri
um value for the study period of June 1993
–
December 2009 and the country’s
international competitiveness deteriorated over the study period
URI
http://jbsq.org/wp-content/uploads/2012/06/JBSQ_June2012_3.pdfhttp://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/35961
Citation
Journal of Business Studi es Quarter ly 2012, Vol. 3, No. 4, pp. 24 - 42Publisher
College of Physical and Biological Sciences