01779cas a2200253 a 4500 AALejournalIMF000830 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845952 1018-5941 BD-DhAAL BD-DhAAL Shabsigh, Ghiath. Real Exchange Rate Behavior and Economic Growth : Evidence from Egypt, Jordan, Morocco, and Tunisia / Ghiath Shabsigh, Ilker Domac. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the effect of the real exchange rate misalignment (RERMIS) on the collective economic growth of Egypt, Jordan, Morocco, and Tunisia. The paper constructs three measures of exchange rate misalignment based on purchasing power parity; a black market exchange rate; and a structured model. The empirical investigation confirmed the adverse effect of RERMIS on growth, using all measures of RERMIS, as predicted by endogenous growth models. The results also highlighted the role of other factors; specifically, capital growth and population have the theoretical signs predicted by the Solow growth model and are statistically significant. Mode of access: Internet Domac, Ilker. IMF Working Papers; Working Paper ; No. 1999/040 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/040/001.1999.issue-040-en.xml IMF e-Library