Is devaluation expansionary or contractionary? empirical evidence from Fiji

Narayan, Paresh and Narayan, Seema 2007, Is devaluation expansionary or contractionary? empirical evidence from Fiji, Applied economics, vol. 39, no. 20, pp. 2589-2598.

Attached Files
Name Description MIMEType Size Downloads

Title Is devaluation expansionary or contractionary? empirical evidence from Fiji
Author(s) Narayan, Paresh
Narayan, Seema
Journal name Applied economics
Volume number 39
Issue number 20
Start page 2589
End page 2598
Publisher Routledge
Place of publication Abingdon, England
Publication date 2007-11
ISSN 0003-6846
1466-4283
Keyword(s) economics
macroeconomics
Summary Devaluation has been traditionally promoted as an effective tool for increasing exports and improving the external position of the devaluing country if a nominal devaluation results in expenditure switching. In this article, our aim is to model the relationship between currency devaluations and output for Fiji. Following the approach in Bahmani et al. (2002), we extend the traditional model by incorporating other monetary and fiscal policy variables. We achieve our goal by using the recently developed bounds testing approach to cointegration and the autoregressive distributed lag model and find that devaluation is expansionary in the case of Fiji.
Language eng
Field of Research 140305 Time-Series Analysis
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2007, Routledge
Persistent URL http://hdl.handle.net/10536/DRO/DU:30007768

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 6 times in TR Web of Science
Scopus Citation Count Cited 15 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 603 Abstract Views, 2 File Downloads  -  Detailed Statistics
Created: Mon, 29 Sep 2008, 08:55:54 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.