les cahiers du mecas
Volume 9, Numéro 1, Pages 162-183
2013-12-31
قياس سعر الصرف التوازني للدينار الجزائري
الكاتب : بن قدور علي . بن بوزيان محمد .
الملخص
It is necessary to determine the equilibrium level of the exchange rate, several approach have been used to determine it, we based here on the behavior equilibrium exchange rate approach (BEER,)Suggested by Clark et Mac Donald(1997) which is based on main variables modeling that effect the real exchange rate in the long run, to do so we will try to implicate this approach on the Algerian case through the model of Edwards(1989-94) developed and elaborated by Elbadawi(1994) to test and estimate the error correction regression and the cointegration of the equilibrium value of the real exchange rate in Algeria, also we will formulate an estimated series of the real exchange rates in the long run and through the estimated parameters by the cointegration regression we build non equilibrium index
الكلمات المفتاحية
real equilibrium exchange rate,BEER’sApproach, Balassa’s effect, Stationarity, cointegration, ECM.
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