Exchange Rate Pass-through in South Africa: Panel Evidence from Individual Goods and Services.
This study estimates pass-through for South Africa using samples of final goods and services, and homogenous imports. Estimated pass-through to consumer goods prices is low, roughly 16 per cent in the two years following an exchange rate change; surprisingly, it is somewhat higher for services. Devi...
| Publicado en: | Journal of Development Studies Vol. 48; no. 7; pp. 832 - 847 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Jul2012
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=78084075&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 78084075 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220388 JDS jtl: Journal of Development Studies issn: 00220388 maglogo: N pubinfo: dt: Jul2012 vid: 48 iid: 7 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 78084075 10.1080/00220388.2012.661852 ppf: 832 ppct: 15 formats: fmt: – @attributes: type: T db: hlh ui: 78084075 – @attributes: type: P db: hlh ui: 78084075 tig: atl: Exchange Rate Pass-through in South Africa: Panel Evidence from Individual Goods and Services. aug: au: Parsley, DavidC. affil: Owen Graduate School of Management, Vanderbilt University, Nashville, Tennessee, USA su: South Africa Consumer goods Exchange rate pass-through Foreign exchange rates Customer services Imports sug: subj: Consumer goods South Africa All Other Consumer Goods Rental Exchange rate pass-through Foreign exchange rates Customer services Imports ab: This study estimates pass-through for South Africa using samples of final goods and services, and homogenous imports. Estimated pass-through to consumer goods prices is low, roughly 16 per cent in the two years following an exchange rate change; surprisingly, it is somewhat higher for services. Deviations from long run PPP appear to disappear relatively quickly, with a half-life of about 16 months. For imports, pass-through estimates are much higher, averaging around 60 per cent, but with wide source-country variation. Finally, there is virtually no support for a simple linear trend change in either pass-through or in reversion to PPP during the sample. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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