Exchange rate policy and export performance in a landlocked developing country: The case of Nepal

被引：18
|
作者：
Paudel, Ramesh C. [1 ]
Burke, Paul J. [1 ]
机构：
[1] Australian Natl Univ, Arndt Corden Dept Econ, Canberra, ACT 2601, Australia
来源：
JOURNAL OF ASIAN ECONOMICS | 2015年 / 38卷
关键词：
Export performance; Real exchange rate; Gravity model; Nepal; Landlocked; RATE REGIMES; REMITTANCES; GRAVITY;
D O I：
10.1016/j.asieco.2015.04.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the implications of Nepal's exchange rate policy for its export performance over the period 1980-2010. We first document Nepal's long-standing currency peg against the Indian rupee and that Nepal's real exchange rate appreciated substantially from the late 1990s. We then employ a gravity modeling approach to confirm that this real exchange rate appreciation has adversely affected Nepal's exports, especially to third-country markets. Nepal's exchange rate-related export competitiveness trap provides a motivation to reconsider the current peg. (C) 2015 Elsevier Inc. All rights reserved.
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页码：55 / 63
页数：9
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