Reserve Holdings and Macroeconomic Variables: An Empirical Dynamic Analysis in Egyptian Economy

Badr, Osama M.; El-khadrawi, Ahmed F.

doi:10.7763/ijtef.2015.v6.449

Cited by 2 publications

(2 citation statements)

References 9 publications

(17 reference statements)

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“…This was because the Central Bank's determination to maintain a strong exchange rate for lower import prices had effects putting pressure on a balance of payments which leads on to the following section. (18) The losers would always be those who had hard currency debts as the government felt compelled to repeatedly renege on promises to float the exchange rate whereby the cost of servicing the debt in E£ would decrease. The foreign debt situation in Egypt has improved significantly since 2004.…”

Section: Increasing Budget Deficitmentioning

confidence: 99%

The Impact of the Floating Egyptian Pound on Tax Revenues in Egypt

الشواربي,

سليمان,

ابو سبع

et al. 2024

مجلة جامعة الصالحية الجديدة للعلوم الإدارية والاقتصادية

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This study aimed to examine the impact of the flotation of the Egyptian pound on tax revenues in Egypt, both before and after the flotation. The authors of this study hope to shed light on the significant effects of floating the Egyptian pound on Egyptian tax revenues and to determine whether this flotation. This period is considered important because it witnessed the beginning of several other significant events that affected Egyptian tax revenues. Some view these results negatively, while others see them positively; and the real effects will appear in the near term and become clear in the long term, as the positive effects only manifest when Egyptian tax revenues develop in the long term.

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Section: Increasing Budget Deficitmentioning

confidence: 99%

The Impact of the Floating Egyptian Pound on Tax Revenues in Egypt

الشواربي,

سليمان,

ابو سبع

et al. 2024

مجلة جامعة الصالحية الجديدة للعلوم الإدارية والاقتصادية

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“…The result will be inconclusive if the F-statistic falls within the band. The second step of the ARDL approach is to estimate the coefficients of the long-run cointegrating relationship and the corresponding ECM (Badr and El-khadrawi, 2015).…”

Section: Estimation Proceduresmentioning

confidence: 99%

Exchange Rate Volatility and Trade: An Empirical Investigation from the Egyptian Economy

Badr

El-khadrawi

2018

AEF

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The main aim of this paper is to assess empirically the impact of exchange rate volatility (ERV) on the export and import functions in reference to Egypt's major trading partners over the period of 1980-2016. Estimates of a cointegration relationship are obtained using the ARDL model. The conditional variance of the GARCH (1,1) model is taken as a proxy for exchange rate fluctuation. The observed outcomes reveal a significant negative coefficient of volatility on export and a non-significant positive coefficient on import. Indeed, this finding supports the traditional view that higher volatility will decrease export. To avoid the negative consequences of ERV, policymakers should shift from the concept of specialization based on the comparative advantage to competitive advantage and focus on the diversification of Egyptian exports while avoiding risks associated with market concentration by exploring potential opportunities that would increase trade openness by expanding Egypt's trade with other countries, especially with low and middle-income and emerging countries.

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Reserve Holdings and Macroeconomic Variables: An Empirical Dynamic Analysis in Egyptian Economy

Cited by 2 publications

References 9 publications

The Impact of the Floating Egyptian Pound on Tax Revenues in Egypt

The Impact of the Floating Egyptian Pound on Tax Revenues in Egypt

Exchange Rate Volatility and Trade: An Empirical Investigation from the Egyptian Economy

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