The impact of real oil price on real effective exchange rate: The case of Azerbaijan
Using quarterly data from 2000-2007 and applying Error Correction Model and Johansen Co-integration Approaches I estimate the impact of real oil price on the real exchange rate of Azerbaijani manat. Estimation outputs derived from these approaches are very close to each other and indicate that real oil price has statistically significant positive impact on real exchange rate in the long-run. Besides, revealed that relative price as a proxy for productivity has also explanatory power in explaining long-run behavior of real exchange rate. Estimated Error Correction Term indicates that half-life... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2010 |
Verlag/Hrsg.: |
Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
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Schlagwörter: | ddc:330 / F31 / F41 / C32 / P24 / Q43 / Real effective exchange rate / Real oil price / Relative productivity / Azerbaijani manat / Dutch Disease / Oil-exporting Countries / Johansen Co-integration Approach / Error Correction Modeling / Half-life Speed / Ölpreis / Kaufkraftparität / Aserbaidschan |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-29049247 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/49444 |