Malawi: Selected Issues and Statistical Appendix
August 16, 2002
Summary
This Selected Issues paper estimates the path of the equilibrium real exchange for Malawi. Based on a dynamic model of a small open economy, the paper identifies and discusses the dynamics between certain fundamental variables and the real exchange rate. It also investigates the presence of a long-term relationship between the real exchange rate and the explanatory variables, and estimates both the equilibrium real exchange rate and the speed at which it converges toward its equilibrium level. The paper also discusses episodes of discrepancies between the real effective exchange rate and its equilibrium level.
Subject: Excises, Expenditure, Foreign exchange, Income and capital gains taxes, Income tax systems, Personal income tax, Real exchange rates, Taxes
Keywords: Africa, CCA system, CR, expenditure management, export, Income and capital gains taxes, Income tax systems, ISCR, Malawi, Malawi equilibrium exchange rate, Personal income tax, Real exchange rates, standard error, Sub-Saharan Africa, withholding tax
Pages:
95
Volume:
2002
DOI:
Issue:
182
Series:
Country Report No. 2002/182
Stock No:
1MWIEA0032002
ISBN:
9781451828016
ISSN:
1934-7685






