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- W2116731377 abstract "This paper examines the impact of exchange rate devaluation in an open island economy. By taking account of the non-stationarity of the variables, and identifying the consequent cointegrating relation, the long-run and short-run impacts are identified. The results suggest a significant and negative long-run elasticity of output in response to a devaluation of the real exchange rate. The short-run dynamics indicate that the real exchange rate makes fairly rapid adjustment when there is deviation from the long-run equilibrium relation. Such rapid response to any demand side shocks suggest that the Jamaican economy may be susceptible to Dutch Disease effects. Copyright © 2000 John Wiley & Sons, Ltd." @default.
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- W2116731377 date "2000-01-01" @default.
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- W2116731377 title "Revisiting the exchange rate debate: the Jamaican experience" @default.
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- W2116731377 doi "https://doi.org/10.1002/(sici)1099-1328(200001)12:1<121::aid-jid624>3.0.co;2-t" @default.
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