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Exchange Rate Volatility and Non-Traditional Exports Performance: Zambia, 1965–1999

Anthony Musonda
Authors registered in the RePEc Author Service: Simpasa, Anthony ()

MPRA Paper from University Library of Munich, Germany

Abstract: This study estimated an error correction model of the impact of real effective exchange rate volatility on the performance of non-traditional exports for Zambia between 1965 and 1999. Using a generalized autoregressive conditional heteroscedasticity (GARCH) measure of real exchange rate volatility, the findings show that exchange rate volatility depresses exports in both the short run and the long run. The results also suggest that supportive macroeconomic factors are important in enhancing non-traditional exports in the country. This requires packaging a set of incentives aimed at removing anti-export bias policies so as to promote exports, particularly of non-traditional products, given their standing in the economic growth agenda for the country.

Keywords: Real exchange rate; volatility; GARCH; error correction model; nontraditional exports (search for similar items in EconPapers)
JEL-codes: F30 F31 F47 (search for similar items in EconPapers)
Date: 2008-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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