Impact of the asian crisis on singapore's export competitiveness

Dosse Toulahoe and Zafar U Ahmed
Additional contact information
Zafar U Ahmed: Fort Hays State University, U.S.A.

Journal of Developing Areas, 2004, vol. 37, issue 2, 119-135

Abstract: Despite its robust economic fundamentals relative to other members of the Association of Southeast Asian Nations (ASEAN), Singapore did not escape from the Asian Crisis that spread through Asia-Pacific and engulfed the global economy. First, this study uses two approaches to calculate real exchange rates and its misalignment to examine the Singapore dollar misalignment and its export competitiveness. Second, the relationship between Singapore's real exchange rate and its export growth is investigated using an error-correction model. The results do not support a substantial Singapore dollar overvaluation on the eve of the crisis. Based on purchasing power parity measures of misalignment, we detected only a modest overvaluation prior to the crisis. However, the real depreciation of the Singapore dollar as a result of the crisis, led to an external competitiveness gain and higher export growth.

Keywords: Real Exchange Rates; Asian Crisis; Export Growth; Purchasing Power Parity. (search for similar items in EconPapers)
JEL-codes: E44 F34 F36 (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

Downloads: (external link)
http://muse.jhu.edu/journals/journal_of_developing_areas/v037/37.2toulahoe.html

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jda:journl:vol.37:year:2004:issue2:pp:119-135

Access Statistics for this article

More articles in Journal of Developing Areas from Tennessee State University, College of Business Contact information at EDIRC.
Bibliographic data for series maintained by Abu N.M. Wahid ().