Bishev, Gligor and Boskov, Tatjana and Radjenovic, Zarko (2016) Exchange Rate Regime and Economic Growth: The Evidence For Republic of Macedonia. In: LIMEN 2016 Leadership & Management: Integrated Politics of Research and Innovations, 15 Dec 2016, Belgrade, Serbia.
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Abstract
Determining the equilibrium exchange rate and factors that determine it, will
contribute for taking actions for increasing economic growth. Improving the terms of trade
tends to increase the welfare of the country, its domestic demand and prices of non-traded
goods, with real appreciation of the domestic currency (effect of welfare). According these, real
exchange rate as a monetary instrument, can detect the performances for export growth,
increase in aggregate demand, in this way increasing economic growth. Developed countries
where increasing in economic growth rely on exports growth, could be example for Macedonia
that exchange rate is not only instrument for maintaining price stability. Exchange rate is an
instrument for improving exports performances, increasing economic growth as strengthening
the stability of financial system. The research will examine the relationship between nominal
effective exchange rate with other macroeconomic aggregates applying the ordinary least
squares method. These estimations will underline the impact of exchange rate on economic
growth in Macedonia.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Tatjana Boskov |
| Date Deposited: | 01 Mar 2017 10:11 |
| Last Modified: | 01 Mar 2017 10:11 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/17520 |
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