Exchange rate volatility-economic growth nexus in Uganda

Title: Exchange rate volatility-economic growth nexus in Uganda
Creator: Katusiime, Lorna; Agbola, Frank W.; Shamsuddin, Abul
Relation: Applied Economics Vol. 48, Issue 26, p. 2428-2442
Publisher Link: http://dx.doi.org/10.1080/00036846.2015.1122732
Publisher: Routledge
Resource Type: journal article
Date: 2016
Description: The global financial crisis has disrupted trade and capital flows in most developing economies, resulting in an increased volatility of exchange rates. We develop an autoregressive distributed lag model to investigate the effect of exchange rate volatility on economic growth in Uganda. Using data spanning the period 1960-2011, we find that exchange rate volatility positively affects economic growth in Uganda in both the short run and the long run. However, in the short run, political instability negatively moderates the exchange rate volatility-economic growth nexus. These results are robust to alternative specifications of the economic growth model.
Subject: exchange rate volatility; economic growth; Uganda
Identifier: http://hdl.handle.net/1959.13/1321349
Identifier: uon:24333
Identifier: ISSN:0003-6846
Language: eng
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