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Causal Effects and Dynamic Relationship between Exchange Rate Volatility and Economic Development in Liberia

Yıl 2017, Cilt: 7 Sayı: 4, 119 - 131, 01.12.2017

Abimelech Paye Gbatu Zhen Wang Presley K. Wesseh Jr. Isaac Yak Repha Tutdel

Öz

Studies envisioned to inform on major policy issues are paramount for Liberia’s economic recovery. Therefore, we employ an unrestricted vector autoregressive model to analyze the dynamic associations between exchange rate volatility (ERV) and Liberia’s real gross domestic product (RGDP). The empirical results show no significant relationship between ERV and Liberia’s RGDP in the short-run, but variance decomposition analysis reveals that innovations to Liberia’s RGDP lead to fluctuations in ERV in the long-run. Hence, we recommend that Liberia’s policymakers should exert stronger monetary policy control to ensure the existence of single currency regime in the long-run. Also, technological innovation is required to boost domestic production in order to offset the negative effect of ERV on trade.

Anahtar Kelimeler

Economic growth exchange rate volatility Liberia unrestricted VAR model

Yıl 2017, Cilt: 7 Sayı: 4, 119 - 131, 01.12.2017

Abimelech Paye Gbatu Zhen Wang Presley K. Wesseh Jr. Isaac Yak Repha Tutdel

Öz

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Ayrıntılar

Diğer ID JA84DR74GB
Bölüm Araştırma Makalesi
Yazarlar

Abimelech Paye Gbatu Bu kişi benim

Zhen Wang Bu kişi benim

Presley K. Wesseh Jr. Bu kişi benim

Isaac Yak Repha Tutdel Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2017
Yayımlandığı Sayı Yıl 2017 Cilt: 7 Sayı: 4

Kaynak Göster

APA Gbatu, A. P., Wang, Z., Jr., P. K. W., Tutdel, I. Y. R. (2017). Causal Effects and Dynamic Relationship between Exchange Rate Volatility and Economic Development in Liberia. International Journal of Economics and Financial Issues, 7(4), 119-131.
AMA Gbatu AP, Wang Z, Jr. PKW, Tutdel IYR. Causal Effects and Dynamic Relationship between Exchange Rate Volatility and Economic Development in Liberia. IJEFI. Aralık 2017;7(4):119-131.
Chicago Gbatu, Abimelech Paye, Zhen Wang, Presley K. Wesseh Jr., ve Isaac Yak Repha Tutdel. “Causal Effects and Dynamic Relationship Between Exchange Rate Volatility and Economic Development in Liberia”. International Journal of Economics and Financial Issues 7, sy. 4 (Aralık 2017): 119-31.
EndNote Gbatu AP, Wang Z, Jr. PKW, Tutdel IYR (01 Aralık 2017) Causal Effects and Dynamic Relationship between Exchange Rate Volatility and Economic Development in Liberia. International Journal of Economics and Financial Issues 7 4 119–131.
IEEE A. P. Gbatu, Z. Wang, P. K. W. Jr., ve I. Y. R. Tutdel, “Causal Effects and Dynamic Relationship between Exchange Rate Volatility and Economic Development in Liberia”, IJEFI, c. 7, sy. 4, ss. 119–131, 2017.
ISNAD Gbatu, Abimelech Paye vd. “Causal Effects and Dynamic Relationship Between Exchange Rate Volatility and Economic Development in Liberia”. International Journal of Economics and Financial Issues 7/4 (Aralık 2017), 119-131.
JAMA Gbatu AP, Wang Z, Jr. PKW, Tutdel IYR. Causal Effects and Dynamic Relationship between Exchange Rate Volatility and Economic Development in Liberia. IJEFI. 2017;7:119–131.
MLA Gbatu, Abimelech Paye vd. “Causal Effects and Dynamic Relationship Between Exchange Rate Volatility and Economic Development in Liberia”. International Journal of Economics and Financial Issues, c. 7, sy. 4, 2017, ss. 119-31.
Vancouver Gbatu AP, Wang Z, Jr. PKW, Tutdel IYR. Causal Effects and Dynamic Relationship between Exchange Rate Volatility and Economic Development in Liberia. IJEFI. 2017;7(4):119-31.