04108oam 22008414 450 991078833700332120230721045633.01-4623-0431-11-4527-1072-41-4518-7222-497866128429621-282-84296-X(CKB)3170000000055244(EBL)1608244(SSID)ssj0000941200(PQKBManifestationID)11586489(PQKBTitleCode)TC0000941200(PQKBWorkID)10963701(PQKB)11749819(OCoLC)608253694(MiAaPQ)EBC1608244(IMF)WPIEE2009075(EXLCZ)99317000000005524420020129d2009 uf 0engur|n|---|||||txtccrGrants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries /Joannes Mongardini, Brett RaynerWashington, D.C. :International Monetary Fund,2009.1 online resource (29 p.)IMF Working PapersDescription based upon print version of record.1-4519-1657-4 Includes bibliographical references.Contents; I. Introduction; Figures; 1. The Scaling-up of Grants; II. Recent Literature; 2. The Scaling-up of Remittances; III. Data and Empirical Methodology; IV. Estimation Results; Tables; 1. Pooled Mean Group Estimates - Grants and Remittances; 2. Contribution of Fundamentals to Changes in ERER, 1980-2006; V. Concluding Remarks; References; Appendix; Appendix Tables; A1. Data Description and Sources; A2. Unit Root Tests; A3. Pooled Mean Group Estimates-Fundamentals; A4. Pooled Mean Group Estimates for Oil Exporters; Appendix FiguresA1. Real Effective Exchange Rates and Equilibrium Real Exchange Rates, Non-oil Countries, 1980-2006A2. Real Exchange Rate Disequilibria, Non-oil Countries, 1980-2006 (in percent); A3. Equilibrium Real Exchange Rates and Real Exchanges Rates Oil Countries; A4. Real Exchange Rate Misalignments, Oil Countries (in percent)This paper builds on the methodology developed by Chudik and Mongardini (2007) to estimate the relationship between grants and remittances and the equilibrium real exchange rate in Sub-Saharan African (SSA) countries using panel techniques. The results indicate that grants and remittances are not associated, in the long run, with an appreciation of the real effective exchange in SSA and are therefore not likely to give rise to Dutch disease effects. These findings suggest that grants and remittances may be serving to ease supply constraints or boost productivity in the non-tradable sector in the recipient economies.IMF Working Papers; Working Paper ;No. 2009/075SubsidiesAfrica, Sub-SaharanForeign exchange ratesAfrica, Sub-SaharanExports and ImportsimfForeign ExchangeimfForeign AidimfRemittancesimfCurrencyimfForeign exchangeimfInternational economicsimfReal exchange ratesimfBalance of paymentsimfInternational financeimfTanzania, United Republic ofimfSubsidiesForeign exchange ratesExports and ImportsForeign ExchangeForeign AidRemittancesCurrencyForeign exchangeInternational economicsReal exchange ratesBalance of paymentsInternational finance338.9669Mongardini Joannes1472708Rayner Brett1472709DcWaIMFBOOK9910788337003321Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries3685575UNINA