Mauritius

We assess the competitiveness of Mauritius in recent years using two approaches. First, we estimate the difference between the equilibrium and the actual real exchange rate using four methods: the macroeconomic balance approach, the single-equation fundamentals approach, the capital-enhanced approach, and the external sustainability approach. The methods consistently suggest that at the end of 2007 the exchange rate was aligned with its equilibrium value. Second, we undertake a comparative analysis of structural competitiveness indicators and find that Mauritius often fares better on business

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Year of publication:	2008
Authors:	Minoiu, Camelia
Other Persons:	Imam, Patrick A. (contributor)
Publisher:	Washington : International Monetary Fund
Subject:	Mauritius

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Extent:	Online-Ressource (35 p)
Series:	IMF Working Papers
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Contents; I. Introduction; II. The Evolution of the Exchange Rate in Mauritius; List of Figures; 1. Exchange Rate Regimes and the Nominal Exchange Rate, 1948−2007; 2. Nominal and Real Effective Exchange Rates, 1980−2007; III. Empirical Analysis of the Equilibrium Exchange Rate; 3. Price-based Real Effective Exchange Rate Indices, 1980−2006; A. Macroeconomic Balance Approach (FEER-MB); 4. FEER-MB Approach: Actual and Fitted CA balance; B. Single-Equation Fundamental Equilibrium Exchange Rate Approach (FEER-SE); 5. FEER-MB Approach: CA Norms vs. Underlying CA C. Capital-Enhanced Equilibrium Exchange Rate Approach (CHEER)6. FEER-SE Approach: Actual vs. Equilibrium REER; 7. CHEER Approach: Actual vs. Equilibrium NER; D. External Sustainability Approach (ES); IV. Structural Competitiveness Analysis; 8. Composite Indicators of Structural Competitiveness; 9. Relative Performance on Trade Costs; V. Conclusions; References; Appendix: List of Tables; 1. Summary Statistics for FEER-MB Approach; 2. Correlates of the Current Account Balance-Panel Estimates (1980-2005); 3. Unit Root Tests for the FEER-SE Approach; 4. Unit Root Tests for the CHEER Approach 5. Johansen Cointegration Test for the CHEER Approach6. The Relative Performance of Mauritius on Trade Costs; 7. The Relative Performance of the Mauritius ICT Sector
ISBN:	978-1-4518-7070-1 ; 978-1-4519-1523-5 ; 978-1-4518-7070-1
Source:	ECONIS - Online Catalogue of the ZBW

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