{"product_id":"real-exchange-rate-behavior-in-arab-countries-von-mohammad-alawin","title":"Real Exchange Rate Behavior in Arab Countries","description":"\u003cp\u003eThe main purpose of this research is to analyze the  behavior of the Real Exchange Rate (RER) in 11 Arab  countries over the period 1971-2001. A model based  on the work of Edwards (1989) for RER fundamentals  was investigated to determine the equilibrium level  of the real exchange rate (ERER). The results show  that for most Arab countries RER moves along the  ERER in the last decade better than two decades  before.  Another objective of this study was the  investigation of the effects of misalignment in RER  (RERMIS) on some macroeconomic indicators in Arab  countries, specifically, real GDP growth rate and  the gross investment. This misalignment was  evaluated using three different measures (a measure  utilizes the black market exchange rate; a measure  uses the expectation of the Purchasing Power Parity  theory, and the model, which is based on the  results  of Edwards¿ model for estimating the equilibrium  level of RER).  This study confirms the results of previous  research  about the negative effect of RERMIS on different  economic indicators especially the growth rate of  the real GDP.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838319230\"\u003e\u003ch3\u003eReal Exchange Rate Behavior\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838319230","offer_id":39498928226397,"sku":"9783838319230","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/b77127d4-ef21-47fb-871d-a5dee69532d5.jpg?v=1758778763","url":"https:\/\/shop.autorenwelt.de\/en\/products\/real-exchange-rate-behavior-in-arab-countries-von-mohammad-alawin","provider":"Autorenwelt Shop","version":"1.0","type":"link"}