[ Taux de change réel et ouverture commerciale de la RDC dans le COMESA ]
Volume 61, Issue 1, June 2022, Pages 64–73
Janvier EGUDRA NYADRI1
1 Faculté des Sciences Economiques et de Gestion, Université de Kisangani, RD Congo
Original language: French
Copyright © 2022 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This article analyzes the effects of the real exchange rate on the DRC's trade openness in COMESA. The concrete question is how the equilibrium real exchange rate (RRC) induces the DRC's trade openness within the COMESA zone and the fundamentals of the economy which determine its level in the long term. The study is carried out on the basis of the Behavioral Equilibrium Exchange Rate (BEER) approach, because of its delicate adaptation to empirical assessments is more practical for developing countries, following the gravity model of Aristotelous. The results obtained show that there is a direct effect between the real equilibrium exchange rate and the level of trade between the DRC and its partners. Also, the paper establishes that the equilibrium real exchange rate improves the level of exports but deteriorates that of imports. These results confirm the research hypothesis.
Author Keywords: Real exchange rate, trade openness, gravity model, BEER approach.
Volume 61, Issue 1, June 2022, Pages 64–73
Janvier EGUDRA NYADRI1
1 Faculté des Sciences Economiques et de Gestion, Université de Kisangani, RD Congo
Original language: French
Copyright © 2022 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This article analyzes the effects of the real exchange rate on the DRC's trade openness in COMESA. The concrete question is how the equilibrium real exchange rate (RRC) induces the DRC's trade openness within the COMESA zone and the fundamentals of the economy which determine its level in the long term. The study is carried out on the basis of the Behavioral Equilibrium Exchange Rate (BEER) approach, because of its delicate adaptation to empirical assessments is more practical for developing countries, following the gravity model of Aristotelous. The results obtained show that there is a direct effect between the real equilibrium exchange rate and the level of trade between the DRC and its partners. Also, the paper establishes that the equilibrium real exchange rate improves the level of exports but deteriorates that of imports. These results confirm the research hypothesis.
Author Keywords: Real exchange rate, trade openness, gravity model, BEER approach.
Abstract: (french)
Cet article analyse les effets du taux de change réel sur l’ouverture commerciale de la RDC dans le COMESA. Il s’agit concrètement de savoir comment le taux de change réel d’équilibre (TCR) induit l’ouverture commerciale de la RDC au sein de la zone du COMESA et les fondamentaux de l’économie qui en déterminent le niveau à long terme. L’étude est réalisée sur base de l’approche du Taux de change d’équilibre comportemental (BEER), en raison de sa délicate adaptation aux évaluations empiriques est plus pratique pour les pays en développement, suivant le modèle de gravité de Aristotelous. Les résultats obtenus montrent qu’il existe un effet direct entre le taux de change réel d’équilibre et le niveau des échanges entre la RDC et ses partenaires. Aussi, le papier établit que le taux de change réel d’équilibre améliore le niveau des exportations mais détériore celui des importations. Ces résultats confirment l’hypothèse de la recherche.
Author Keywords: Taux de change réel, ouverture commerciale, modèle de gravité, approche BEER.
How to Cite this Article
Janvier EGUDRA NYADRI, “Real exchange rate and trade openness of the DRC in COMESA,” International Journal of Innovation and Scientific Research, vol. 61, no. 1, pp. 64–73, June 2022.
