Exchange Rate Policy and Economic Reform in Ethiopia PDF Download
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Author: Asmerom Kidane
Publisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 56
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Author: Asmerom Kidane
Publisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 56
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Author: Muluken Nigussie Tessema
Publisher: GRIN Verlag
ISBN: 334614514X
Category : Business & Economics
Languages : en
Pages : 81
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Book Description
Master's Thesis from the year 2016 in the subject Business economics - General, grade: 3.68, Saint Mary's University, language: English, abstract: This study attempts to investigate the effect of exchange rates on economic growth in Ethiopia using annual time series data spanning from 1985/86 to 2014/15. The explanatory variables in this study were real effective exchange rate, government final consumption expenditure, gross fixed capital formation, broad money supply and trade openness. The multilateral real exchange rates is used to measure real exchange rates. Results from Vector Error Correction Model revealed that real effective exchange rates, broad money supply and trade openness have a positive long run effect on economic growth, while government final consumption have a negative long run effect on the economic growth of Ethiopia. From the regression results, it was noted that undervaluation of the currency is contractionary in the long run and neutral in the short- run. As such, the effect of exchange rates on economic growth works through the supply channel. It is the reflection of various economic and policy shocks, mainly a strategy shifts, of the government. Based on the findings of this study, the researcher recommended that since the Ethiopian output is dominated by primary agricultural products and it is insensitive for the change in exchange rate. Government intervention is needed to balance the adverse effect of exchange rate movements until the economy well transformed from agricultural lead economy to industrial lead economy and becomes less dependent on imported raw materials.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451812604
Category : Business & Economics
Languages : en
Pages : 71
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This Selected Issues paper examines economic development in Ethiopia during the 1990s. In mid-1992, the government began implementing significant economic reforms aimed at stabilizing the economy and deregulating economic activity. Since that time, substantial progress has been made with respect to both objectives. Policy measures have aimed at correcting price distortions, lifting restrictions on the private sector, deregulating the labor market, reducing macroeconomic imbalances, realigning the exchange rate, and liberalizing the external exchange and trade system. Moreover, the decentralization of the political system and reform of the civil service have been initiated.
Author: Göte Hansson
Publisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 52
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Book Description
Author:
Publisher: GRIN Verlag
ISBN: 3346347923
Category : Business & Economics
Languages : en
Pages : 16
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Bachelor Thesis from the year 2020 in the subject Business economics - Trade and Distribution, , course: International Business, language: English, abstract: Export diversification on financial boom has been a controversial problem in the empirical literature for a long time. The motive behind this paper is to analyze, why Ethiopia battles to promote and diversify its exports and what are the engines of impressive boom of China’s foreign trade, assuming any; lessons can Ethiopia take from Chinas foreign exchange journey, since it has been the most profitable developing nation in this contemporary generation of globalization. The issue of accelerated financial increase has been the principal agenda in economic coverage formula for most of the Sub-Saharan Africa (SSA) and different developing nations of the world. The records of the financial overall performance of most SSA counties show off that they had been performing higher earlier than their colonial independence than today. The economic boom of existing day developed countries like the United States, Canada, Australia and New Zealand is mostly attributed to international exchange. International exchange has been given a great deal significance in the policy formulation of many LDC. Maddison (2007) and Mkandawire & Unies (2004) contended that International exchange has additionally performed a vital position in the historical development of the third world countries. South Korea, Taiwan, Hong Kong and Singapore have been generally attributed to the overall performance of the exterior sector. Ethiopia has actively pursued the import- substitution industrialization approach in the course of the Imperial and Derg regimes. After the fall of the Dergue regime, however, the contemporary regime initiated trade liberalization. An empirical investigation to discover out the contribution of exports to economic growth is very integral part. Export diversification has been the concern of most developing nations such as Ethiopia. Despite such a concern, few developing nations in East and South East Asia have managed to attain a diversified export shape with increased extent of manufactures. Diversification and structural transformation play vital roles in influencing the macroeconomic overall Performance of low-income countries (LICs) Diversification in exports and in domestic manufacturing has been conducive to faster economic boom in LICs. Accelerated diversification is additionally associated with decrease output volatility and larger macroeconomic stability.
Author: Kinfe Abraham
Publisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 452
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Author: Mekonnen Tadesse
Publisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 300
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Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 144
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After decades of rapid growth and improvements in living standards, a series of shocks led to severe economic pressures, and the public investment-led growth model has reached its limits. Domestic conflict, the pandemic, droughts, and spillovers from Russia’s war in Ukraine, as well as significant exchange rate overvaluation and insufficient macroeconomic policy adjustment, compounded building vulnerabilities resulting in high inflation, falling exports, foreign exchange shortages, erosion of international reserves, and unsustainable external debt. Reflecting their ambition to transform the economic model towards private sector-led development, and recognizing the urgent need for reform, the authorities developed the Home-Grown Economic Reform Agenda. This ambitious plan aims at tackling the drivers of economic imbalances including through moving to a market-determined exchange rate, modernizing the monetary policy framework, tackling fiscal revenues, and reforming state-owned enterprises.
Author:
Publisher:
ISBN:
Category : Economic surveys
Languages : en
Pages : 38
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Author:
Publisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 58
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