The impact of devaluation on the standard of living of a developing country: Tunisia.
There are conflicting theories on the effects of devaluation on economy. This thesis sets out to investigate the impact of devaluation on the standard of living of developing countries, specifically Tunisia. The results obtained from the regressions contradicted the contractionary view of devaluation. It concluded that with proper structural reforms, devaluation improves the growth rate and therefore, the standard of living of a country. Surprisingly, this negative sign of government expenditure elasticity opened up the question for further research on the impact of the role and size of a government on the growth rate.
Authors: | Douihech, Tarek H. |
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Institutions: | Florida Atlantic University |
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