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speculative attacks. Others on the contrary, assert the merits of the rigid fixed exchange regimes. The adoption by Tunisia of … world economy. So the total liberalization of the exchange in Tunisia poses the problematic of the prospective choice of its …
Persistent link: https://www.econbiz.de/10005125531
of a Euro-Mediterranean Free Trade Area (FTA). Among the first participants in the constitution of this zone, is Tunisia …, which signed an agreement of association with the European Union (EU). Since the signature of this agreement, Tunisia has … is to compare the effects of the free total exchange and the effects of the free industrial exchange between Tunisia and …
Persistent link: https://www.econbiz.de/10005134579
When market structure is complete, factor demands by households will be independent of their characteristics, and households will take their production decisions as if they were profit-maximizing firms. This observation constitutes the basis for one of the most popular empirical tests for...
Persistent link: https://www.econbiz.de/10005134999
-firm data in 1999. This tells us how returns to human capital in a Less Developed Country like Tunisia differ from the …
Persistent link: https://www.econbiz.de/10005408310
This paper shows the characteristics of the macroeconomic Social Accounting Matrix (SAM) of Tunisia in 1996. It is … corresponding to Tunisia during 1996. This study is made up of two sections. In the first section, we will present the construction … of the unbalanced Macroeconomic Social Accounting Matrix (SAMmac) of Tunisia in 1996. This section includes three sub …
Persistent link: https://www.econbiz.de/10005412993
Morocco and Tunisia have started to open their markets to international trade and capital flows in order to bolster … their exchange rate regimes and monetary policies. This objective of this paper is to examine why Morocco and Tunisia should … probabilities is estimated for Morocco and Tunisia to provide important information concerning the mechanisms underlying inflation …
Persistent link: https://www.econbiz.de/10005561228
This paper, empirically and theoretically, studies variance decomposition of real exchange rate. We find that deviations from the law of one price for traded goods drive most real exchange rates. However, the relative price of nontraded goods is also important for some countries maintaining...
Persistent link: https://www.econbiz.de/10005119454
This paper builds upon the empirical literature on the macroeconomic impact of real exchange rate depreciations for a sample of 27 emerging economies. We find that real exchange rate depreciations tend to increase a country’s risk premium. This effect is neither linear nor symmetric: large...
Persistent link: https://www.econbiz.de/10005119475
This paper tests the relative version of purchasing power parity (PPP) for a set of ten Asian developing countries using panel cointegration framework. We employ 'between-dimension' dynamic OLS estimator as proposed by Pedroni (2001b). The test results overwhelmingly reject the PPP hypothesis.
Persistent link: https://www.econbiz.de/10005076786
We study the behavior of real exchange rates in a two­country dynamic equilibrium model. In this model, consumers can only consume domestic goods but can invest costlessly in capital stocks of both countries. Nevertheless, transporting goods between the two countries is costly and, hence, the...
Persistent link: https://www.econbiz.de/10005076998