Madagascar.

The purpose of this paper is to assess Madagascar's competitiveness in recent years, using both price and nonprice indicators and an exchange rate assessment of the currency. We estimate the distance between the equilibrium and the actual real exchange rates using three methods: the macroeconom...

Full description

Saved in:
Bibliographic Details
Main Author: Eyraud, Luc
Format: eBook
Language:English
Published: Washington : International Monetary Fund, 2009.
Series:IMF Working Papers.
Subjects:
Online Access:Click for online access

MARC

LEADER 00000cam a2200000Mu 4500
001 ocn870244707
003 OCoLC
005 20241006213017.0
006 m o d
007 cr |n|||||||||
008 140208s2009 dcu o 000 0 eng d
040 |a EBLCP  |b eng  |e pn  |c EBLCP  |d OCLCQ  |d YDXCP  |d UMMBL  |d OCLCQ  |d ZCU  |d MERUC  |d ICG  |d OCLCO  |d OCLCF  |d OCLCQ  |d DKC  |d OCLCQ  |d OCLCA  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCL  |d OCLCQ 
019 |a 952777917 
020 |a 9781451988277 
020 |a 1451988273 
035 |a (OCoLC)870244707  |z (OCoLC)952777917 
043 |a f-mg--- 
050 4 |a HB238  |b .E97 2009 
049 |a HCDD 
100 1 |a Eyraud, Luc. 
245 1 0 |a Madagascar. 
260 |a Washington :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (32 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF Working Papers 
588 0 |a Print version record. 
505 0 |a I. Introduction; II. Export Performance of Madagascar; A. Export Acceleration and Better Trade Specialization Since the 1990s; List of Figures; 1: Growth in Export Volume; 2: Structure of Exports in Value; B. Decline in Market Share Since the 1990s; 3: Nominal Market Share Since 1980; 4: Market Share in Nominal and Real Terms since 1990; III. Price Competitiveness: A Descriptive Analysis; 5: Real Market Share Relative to SADC and Asian Competitors; A. Real Depreciation of the Ariary During the 1980s; 6: Real Effective Exchange Rate; B. Real Appreciation of the Ariary since 2004. 
505 8 |a 7: Consumer Price Index8: Nominal and Real Effective Exchange Rates; IV. Price Competitiveness: Exchange Rate Assessment; List of Tables; 1: Wage and Nonwage Costs in Madagascar and Comparator Countries; A. The Macroeconomic Balance Approach; B. The External Sustainability Approach; 9: Results from the MB Method; 10: NEP-Stabilizing CA; C. The Equilibrium Real Exchange Rate Approach; 11: Actual and Estimated REER of the Ariary; 2: Summary of the Results from the Three Methods; V. Nonprice Competitiveness: A Descriptive Analysis; A. Assessment of Structural Competitiveness. 
505 8 |a B. Constraints on Trade and Business in Madagascar and Mauritius12: Composite Indicators of Competitiveness; 13: Trading Across Borders Index; 3: Comparison of Madagascar and Mauritius on World Bank Surveys; VI. Conclusions and Policy Implications; APPENDIX; 4: Assumptions Underlying the Three Cases; 5: Current Account Elasticity Formulas; 6: Estimates of the Export and Import Elasticities; 7: Estimates of the Current Account Elasticity; 8: Panel Unit Root Tests; 9: Panel Cointegration Tests; 10: Panel Estimates. 
520 |a The purpose of this paper is to assess Madagascar's competitiveness in recent years, using both price and nonprice indicators and an exchange rate assessment of the currency. We estimate the distance between the equilibrium and the actual real exchange rates using three methods: the macroeconomic balance approach, the external sustainability approach, and the reduced-form equilibrium real exchange rate approach. These methods suggest that in the medium term the real exchange rate is only slightly overvalued. We also carry out a comparative analysis of nonprice indicators and find that Madagasc. 
650 0 |a Competition  |z Madagascar. 
650 0 |a Foreign exchange rates  |z Madagascar. 
650 7 |a Competition  |2 fast 
650 7 |a Foreign exchange rates  |2 fast 
651 7 |a Madagascar  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJw4FYPqmtpTrHb9wvMgKd 
776 0 8 |i Print version:  |a Eyraud, Luc.  |t Madagascar: A Competitiveness and Exchange Rate Assessment.  |d Washington : International Monetary Fund, ©2009  |z 9781451872545 
830 0 |a IMF Working Papers. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1605904  |y Click for online access 
903 |a EBC-AC 
994 |a 92  |b HCD