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[null,"1.","Record Nr.",null,"UNINA9910960080303321"]
[null,null,"Autore",null,"Eyraud Luc"]
[null,null,"Titolo",null,"Madagascar : : A Competitiveness and Exchange Rate Assessment / / Luc Eyraud"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2009"]
[null,null,"ISBN",null,"9786612843228"]
[{"$nulls":4},"9781462366873"]
[{"$nulls":4},"1462366872"]
[{"$nulls":4},"9781451872545"]
[{"$nulls":4},"1451872542"]
[{"$nulls":4},"9781451988277"]
[{"$nulls":4},"1451988273"]
[{"$nulls":4},"9781282843226"]
[{"$nulls":4},"1282843222"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"30 p. : ill"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Disciplina",null,"338.19234"]
[null,null,"Soggetti",null,"Competition - Madagascar"]
[{"$nulls":4},"Foreign exchange rates - Madagascar"]
[{"$nulls":4},"Competition"]
[{"$nulls":4},"Currency"]
[{"$nulls":4},"Exchange rates"]
[{"$nulls":4},"Export performance"]
[{"$nulls":4},"Exports and Imports"]
[{"$nulls":4},"Exports"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Finance: General"]
[{"$nulls":4},"Foreign Exchange"]
[{"$nulls":4},"Foreign exchange"]
[{"$nulls":4},"General Financial Markets: General (includes Measurement and Data)"]
[{"$nulls":4},"International economics"]
[{"$nulls":4},"Real effective exchange rates"]
[{"$nulls":4},"Real exchange rates"]
[{"$nulls":4},"Trade: General"]
[{"$nulls":4},"Madagascar, Republic of"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Bibliographic Level Mode of Issuance: Monograph"]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Intro -- CONTENTS -- I. Introduction -- II. Export Performance of Madagascar -- A. Export Acceleration and Better Trade Specialization Since the 1990s -- B. Decline in Market Share Since the 1990s -- III. Price Competitiveness: A Descriptive Analysis -- A. Real Depreciation of the Ariary During the 1980s -- B. Real Appreciation of the Ariary since 2004 -- IV. Price Competitiveness: Exchange Rate Assessment -- A. The Macroeconomic Balance Approach -- B. The External Sustainability Approach -- C. The Equilibrium Real Exchange Rate Approach -- V. Nonprice Competitiveness: A Descriptive Analysis -- A. Assessment of Structural Competitiveness -- B. Constraints on Trade and Business in Madagascar and Mauritius -- VI. Conclusions and Policy Implications -- APPENDIX -- List of Figures -- 1: Growth in Export  Volume -- 2: Structure of  Exports in Value -- 3: Nominal Market  Share Since 1980 -- 4: Market Share in  Nominal and Real Terms since 1990 -- 5: Real Market  Share Relative to SADC and Asian Competitors -- 6: Real Effective  Exchange Rate -- 7: Consumer Price  Index -- 8: Nominal and  Real Effective Exchange Rates -- 9: Results from the  MB Method -- 10: NEP-Stabilizing  CA -- 11: Actual and  Estimated REER of the Ariary -- 12: Composite  Indicators of Competitiveness -- 13: Trading Across Borders Index -- List of Tables -- 1: Wage and Nonwage  Costs in Madagascar and Comparator Countries -- 2: Summary of the  Results from the Three Methods -- 3: Comparison of  Madagascar and Mauritius on World Bank Surveys -- 4: Assumptions  Underlying the Three Cases -- 5: Current Account  Elasticity Formulas -- 6: Estimates of the  Export and Import Elasticities -- 7: Estimates of the  Current Account Elasticity -- 8: Panel Unit Root Tests -- 9: Panel Cointegration  Tests -- 10: Panel Estimates."]
[null,null,null,"Sommario/riassunto","The purpose of this paper is to assess Madagascar's competitiveness in recent years, using both price and nonprice indicators and an exchange rate assessment of the currency. We estimate the distance between the equilibrium and the actual real exchange rates using three methods: the macroeconomic balance approach, the external sustainability approach, and the reduced-form equilibrium real exchange rate approach. These methods suggest that in the medium term the real exchange rate is only slightly overvalued. We also carry out a comparative analysis of nonprice indicators and find that Madagascar performs less favorably than its competitors on structural competitiveness."]