03419nam 2200625Ia 450 991082855880332120200520144314.01-4623-0431-11-4527-1072-41-4518-7222-497866128429621-282-84296-X(CKB)3170000000055244(EBL)1608244(SSID)ssj0000941200(PQKBManifestationID)11586489(PQKBTitleCode)TC0000941200(PQKBWorkID)10963701(PQKB)11749819(OCoLC)608253694(IMF)WPIEE2009075(MiAaPQ)EBC1608244(EXLCZ)99317000000005524420041202d2009 uf 0engur|n|---|||||txtccrGrants, remittances, and the equilibrium real exchange rate in Sub-Saharan African countries /prepared by Joannes Mongardini and Brett Rayner1st ed.[Washington D.C.] International Monetary Fund20091 online resource (29 p.)IMF working paper ;WP/09/75Description 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 paper ;WP/09/75.SubsidiesAfrica, Sub-SaharanForeign exchange ratesAfrica, Sub-SaharanSubsidiesForeign exchange rates338.9669Mongardini Joannes1970-1619193Rayner Brett1719450MiAaPQMiAaPQMiAaPQBOOK9910828558803321Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries4117288UNINA