Asian Economic and Financial Review | |
Effects of Changes in Foreign Exchange Reserves and Real Effective Exchange Rate on Industrial Output Growths in Bangladesh | |
关键词: Foreign exchange reserves; Real effective exchange rate; Industrial output; ARDL; VECM.; | |
学科分类:社会科学、人文和艺术(综合) | |
来源: Asian Economic and Social Society | |
【 摘 要 】
This paper studies the effects of foreign exchange reserves and real effective exchange rate on industrial output in Bangladesh. Quarterly data are used from 1981-1982 to 2013-2014. The standard ARDL procedure and VECM are applied. Both DF-GLS and Ng-Perron efficient tests exhibit non-stationarity of each variable in log-level with I (1) behavior. The ARDL estimates provide evidence of co-integration among the variables. The VECM estimates confirm convergence with moderate pace of adjustment toward long-run equilibrium. Short-run net interactive effect of foreign reserves on industrial output is weakly positive while the net effect of real effective exchange rate is negative.
【 授权许可】
CC BY
【 预 览 】
Files | Size | Format | View |
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RO201902182683686ZK.pdf | 533KB | download |