Exchange rate misalignment and economic growth: recent evidence in Malaysia
The present study aims at investigating the growth effects of real exchange rate misalignments in Malaysia over the period 1991:1-2009:4. The RER misalignment is built through the estimation of the NATREX equilibrium model. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach to c...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia Press
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/30858/ http://psasir.upm.edu.my/id/eprint/30858/1/Exchange%20Rate%20Misalignment%20and%20Economic%20Growth.pdf |
| _version_ | 1848846797510803456 |
|---|---|
| author | Niaz Ahmad, Mohd Naseem M. S., Hamizah |
| author_facet | Niaz Ahmad, Mohd Naseem M. S., Hamizah |
| author_sort | Niaz Ahmad, Mohd Naseem |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The present study aims at investigating the growth effects of real exchange rate misalignments in Malaysia over the period 1991:1-2009:4. The RER misalignment is built through the estimation of the NATREX equilibrium model. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration framework, the results indicate the presence of positive and significant relationship between the RER misalignment and economic growth. This finding obtained is consistent with the notion that the RER misalignment through the distortion in relative price has systematic influence on the pattern of economic development. |
| first_indexed | 2025-11-15T09:08:25Z |
| format | Article |
| id | upm-30858 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:08:25Z |
| publishDate | 2013 |
| publisher | Universiti Putra Malaysia Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-308582015-09-21T00:59:18Z http://psasir.upm.edu.my/id/eprint/30858/ Exchange rate misalignment and economic growth: recent evidence in Malaysia Niaz Ahmad, Mohd Naseem M. S., Hamizah The present study aims at investigating the growth effects of real exchange rate misalignments in Malaysia over the period 1991:1-2009:4. The RER misalignment is built through the estimation of the NATREX equilibrium model. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration framework, the results indicate the presence of positive and significant relationship between the RER misalignment and economic growth. This finding obtained is consistent with the notion that the RER misalignment through the distortion in relative price has systematic influence on the pattern of economic development. Universiti Putra Malaysia Press 2013-09 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/30858/1/Exchange%20Rate%20Misalignment%20and%20Economic%20Growth.pdf Niaz Ahmad, Mohd Naseem and M. S., Hamizah (2013) Exchange rate misalignment and economic growth: recent evidence in Malaysia. Pertanika Journal of Social Sciences & Humanities, 21 (spec. Sep.). pp. 47-66. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2021%20%28S%29%20Sep.%202013/04%20Page%2047-66.pdf |
| spellingShingle | Niaz Ahmad, Mohd Naseem M. S., Hamizah Exchange rate misalignment and economic growth: recent evidence in Malaysia |
| title | Exchange rate misalignment and economic growth: recent
evidence in Malaysia |
| title_full | Exchange rate misalignment and economic growth: recent
evidence in Malaysia |
| title_fullStr | Exchange rate misalignment and economic growth: recent
evidence in Malaysia |
| title_full_unstemmed | Exchange rate misalignment and economic growth: recent
evidence in Malaysia |
| title_short | Exchange rate misalignment and economic growth: recent
evidence in Malaysia |
| title_sort | exchange rate misalignment and economic growth: recent
evidence in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/30858/ http://psasir.upm.edu.my/id/eprint/30858/ http://psasir.upm.edu.my/id/eprint/30858/1/Exchange%20Rate%20Misalignment%20and%20Economic%20Growth.pdf |