A Note on Nominal and Real Devaluation in Laos

Phouphet Kyophilavong, Muhammad Shahbaz and Gazi Salah Uddin

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, we investigate whether or not nominal devaluation leads to real devaluation in Laos by using the ARDL bounds testing and the Granger causality test in a VECM framework. Our empirical evidence shows that nominal devaluation Granger causes real devaluation in short run and long run. This finding implies that nominal devaluation leads to real devaluation.

Keywords: Nominal devaluation; real devaluation; Laos (search for similar items in EconPapers)
JEL-codes: C1 (search for similar items in EconPapers)
Date: 2014-07-09, Revised 2014-07-13
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Related works:
Journal Article: A Note on Nominal and Real Devaluation in Laos (2015)
Working Paper: A Note on Nominal and Real Devaluation in Laos (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57307

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