LEADER 03397nam 2200613Ia 450 001 9910464073903321 005 20170821161831.0 010 $a1-4623-0431-1 010 $a1-4527-1072-4 010 $a1-4518-7222-4 010 $a9786612842962 010 $a1-282-84296-X 035 $a(CKB)3170000000055244 035 $a(EBL)1608244 035 $a(SSID)ssj0000941200 035 $a(PQKBManifestationID)11586489 035 $a(PQKBTitleCode)TC0000941200 035 $a(PQKBWorkID)10963701 035 $a(PQKB)11749819 035 $a(OCoLC)608253694 035 $a(MiAaPQ)EBC1608244 035 $a(EXLCZ)993170000000055244 100 $a20041202d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGrants, remittances, and the equilibrium real exchange rate in Sub-Saharan African countries$b[electronic resource] /$fprepared by Joannes Mongardini and Brett Rayner 210 $a[Washington D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (29 p.) 225 1 $aIMF working paper ;$vWP/09/75 300 $aDescription based upon print version of record. 311 $a1-4519-1657-4 320 $aIncludes bibliographical references. 327 $aContents; 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 Figures 327 $aA1. 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) 330 $aThis paper builds on the methodology developed by Chudik and Mongardini (2007) to estimate the relationship between grants and remittances and the equilibrium real exchange rate in Sub-Saharan African (SSA) countries using panel techniques. The results indicate that grants and remittances are not associated, in the long run, with an appreciation of the real effective exchange in SSA and are therefore not likely to give rise to Dutch disease effects. These findings suggest that grants and remittances may be serving to ease supply constraints or boost productivity in the non-tradable sector in t 410 0$aIMF working paper ;$vWP/09/75. 606 $aSubsidies$zAfrica, Sub-Saharan 606 $aForeign exchange rates$zAfrica, Sub-Saharan 608 $aElectronic books. 615 0$aSubsidies 615 0$aForeign exchange rates 676 $a338.9669 700 $aMongardini$b Joannes$f1970-$0854893 701 $aRayner$b Brett$0999312 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464073903321 996 $aGrants, remittances, and the equilibrium real exchange rate in Sub-Saharan African countries$92292889 997 $aUNINA