The impact of trade and exchange-rate policy reforms on North African manufactured exports

Khalid Sekkat and Aristomene Varoudakis

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: Three indicators capture the impact of exchange-rate policy in fostering manufactured exports from North Africa: changes in the real effective exchange rate (REER), its volatility, and its misalignment. The impact of trade policy is examined using a trade liberalisation indicator. Export supply equations are estimated for three manufacturing industries: textiles, chemicals, and food. The results suggest that trade and exchange-rate policies matter for export performance, as is evidenced by the negative influence exerted independently by real exchange-rate misalignment and volatility and by the positive influence of trade liberalisation.

Date: 2002-05
Note: FLWIN
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Published in: Development Policy Review (2002) v.20 n° 2,p.117-189

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Journal Article: The Impact of Trade and Exchange‐rate Policy Reforms on North African Manufactured Exports (2002)
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