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, doi: 10.1080/00036840600707266.

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Title Is devaluation expansionary or contractionary? empirical evidence from Fiji
Author(s) Narayan, PareshORCID iD for 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
Keyword(s) economics
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
DOI 10.1080/00036840600707266
Field of Research 140305 Time-Series Analysis
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2007, Routledge
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