IDEAS home Printed from https://ideas.repec.org/a/cai/edddbu/edd_321_0107.html
   My bibliography  Save this article

L’impact des déséquilibres du taux de change réel sur la performance du secteur manufacturier au Sénégal

Author

Listed:
  • Malick Diop
  • Michaël Goujon
  • Birahim Bouna Niang

Abstract

This paper deals with the impact of the real exchange rate misalignments on the performances of the manufacturing sector in Senegal over 1980-2015. We compute for the Senegal the real exchange rate misalignments vis-à-vis its long-run equilibrium level defined following the BEER approach (Behavioral Equilibrium Exchange Rate). We then estimate equations that explain the changes in the manufacturing production by using as left-hand variables the indicators of manufacturing value added per capita or per sector employee. We use recent econometric methods as the one from Pesaran, Shin and Smith (2001) applied to the Auto-Regressive Distributed Lag model (PSS-ARDL). Our results show that a lower undervaluation or a higher overvaluation have a negative impact on performances, and that this impact seems linear. Codes JEL: F31, L60, N17, O14.

Suggested Citation

  • Malick Diop & Michaël Goujon & Birahim Bouna Niang, 2018. "L’impact des déséquilibres du taux de change réel sur la performance du secteur manufacturier au Sénégal," Revue d’économie du développement, De Boeck Université, vol. 26(1), pages 107-138.
    • Handle: RePEc:cai:edddbu:edd_321_0107
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=EDD_321_0107
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-du-developpement-2018-1-page-107.htm
    Download Restriction: free
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Edouard Mien, 2020. "External and Internal Real Exchange Rates and the Dutch Disease in Africa: Evidence from a Panel of Nine Oil-Exporting Countries," Working Papers hal-03013571, HAL.
    2. Serigne Bassirou Lo & Lassana Cissokho, 2023. "Financial development, institutions and industrialization in sub‐Saharan Africa," African Development Review, African Development Bank, vol. 35(2), pages 152-164, June.
    3. Kirsi Zongo & Mahamadou Diarra, 2022. "Exchange Rate Misalignments, Foreign Direct Investment and Industrial Performance in Sub-Saharan Africa [Désalignements du taux de change, investissements directs étrangers et performances industri," Working Papers hal-03649887, HAL.

    More about this item

    Keywords

    exchange rate; misalignments; overvaluation; undervaluation; manufacturing sector; ARDL model; Senegal;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:edddbu:edd_321_0107. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://edirc.repec.org/data/ceauvfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.