May 1, 2019 Thesis Open Access

LIBARGACHEW ATAKURIE SHIMELIS

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{
  "DOI": "10.20372/nadre:5764", 
  "author": [
    {
      "family": "LIBARGACHEW ATAKURIE SHIMELIS"
    }
  ], 
  "issued": {
    "date-parts": [
      [
        2019, 
        5, 
        1
      ]
    ]
  }, 
  "abstract": "<p>Devaluation of currency has been stipulated and utilized increasingly as a stabilization device in<br>\ndeveloping countries, as part of International Monetary Fund (IMF) mainstream adjustment<br>\nprograms. The policy measure of currency devaluation has aimed to make export products more<br>\ncompetitive and permutes demand towards domestically produced goods eventually boosting the<br>\noverall output of the country. The objective of this work is to add to the existing of multiple<br>\ntheoretical and empirical studies that have examined the effect of currency devaluation on the<br>\nEthiopian major export commodities using annual time series data for the period 1985-2018. To<br>\ndetermine the relation between dependent and the independent variables, both analytical<br>\n(qualitative) explanations and econometric analysis are used in the study. The key results of the<br>\npresent study revealed that Birr devaluation improve the major export product of Ethiopia in the<br>\nshort run and deteriorates it in the long run. The study also found that the government, through<br>\noutstanding credit loan availability and political instability, may play a key role in increasing<br>\nand decreasing exports. Other variables like foreign direct investment and real gross domestic<br>\nproduct with expected positive sign are also found to be statistically significant in explaining<br>\nexport in the long-run. The study shows that the country to be on the right truck to increase<br>\nexport earnings in the long run it is better not to devaluate further and the concerned body<br>\nshould work to strengthen and extend political stability and foreign investment polices since it<br>\nhelps to increase the performance of export</p>", 
  "title": "Effect of Devaluation of Currency on Ethiopia's Major Export Commodities: The Case of Coffee, Oil Seeds and Hides and Skins", 
  "type": "thesis", 
  "id": "5764"
}