Do real exchange rate changes matter for industrial policy in emerging markets?

Nabil Alimi, Radhouan Garbaa and Mouna Soussi

Macroeconomics and Finance in Emerging Market Economies, 2025, vol. 18, issue 3, 695-708

Abstract: The purpose of this paper is to investigate the impact of real exchange rate (RER) changes on the growth rate of the agriculture, industrial, services, and extractive sectors. To this end, a panel autoregressive distributed lag (ARDL) model, for 19 emerging economies over the period 1992–2020, was employed. Our findings reveal that first; the currencies of these economies are overvalued, furthermore, in the long run, to stimulate agriculture, industry, services, and extractive activities, these economies have to undervalue the RER, which is not currently the case.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/17520843.2023.2213031 (text/html)
Access to full text is restricted to subscribers.

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:taf:macfem:v:18:y:2025:i:3:p:695-708

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REME20

DOI: 10.1080/17520843.2023.2213031

Access Statistics for this article

Macroeconomics and Finance in Emerging Market Economies is currently edited by Subrata Sarkar and Ashima Goyal

More articles in Macroeconomics and Finance in Emerging Market Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().