Exchange rate and manufacturing sector performance in SACU states

This study sought to examine the impact of the exchange rate on manufacturing performance in SACU states. The manufacturing sector is an avenue for trade expansion and it is a vital source of innovation and competitiveness and it makes outsized contributions to exports and productivity growth. Manuf...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Courage Mlambo
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	manufacturing exchange rate gdp trade Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/f509a59a19034896a099307441f27b0b
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:f509a59a19034896a099307441f27b0b
record_format	dspace
spelling	oai:doaj.org-article:f509a59a19034896a099307441f27b0b2021-12-02T15:59:47ZExchange rate and manufacturing sector performance in SACU states2331-197510.1080/23311975.2020.1787735https://doaj.org/article/f509a59a19034896a099307441f27b0b2020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1787735https://doaj.org/toc/2331-1975This study sought to examine the impact of the exchange rate on manufacturing performance in SACU states. The manufacturing sector is an avenue for trade expansion and it is a vital source of innovation and competitiveness and it makes outsized contributions to exports and productivity growth. Manufacturing in SACU countries is hampered by structural shortcomings such as the exchange rate and other factors. Given this background, the study employed the panel group FMOLS and PMG approaches for the period 1995–2016. Results showed that the exchange rate, imports and FDI have a negative relationship with manufacturing performance. Exports and inflation had a positive relationship with manufacturing performance. Based on the findings of the study, it is recommended that SACU countries need to formulate informed policies that align the exchange rate to the actual needs of the manufacturing sector. Policymakers need to know which subsectors of the manufacturing sector will be affected by an exchange rate change and they also need to know the magnitude of the impact so that they can make informed decisions.Courage MlamboTaylor & Francis Grouparticlemanufacturingexchange rategdptradeBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	manufacturing exchange rate gdp trade Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	manufacturing exchange rate gdp trade Business HF5001-6182 Management. Industrial management HD28-70 Courage Mlambo Exchange rate and manufacturing sector performance in SACU states
description	This study sought to examine the impact of the exchange rate on manufacturing performance in SACU states. The manufacturing sector is an avenue for trade expansion and it is a vital source of innovation and competitiveness and it makes outsized contributions to exports and productivity growth. Manufacturing in SACU countries is hampered by structural shortcomings such as the exchange rate and other factors. Given this background, the study employed the panel group FMOLS and PMG approaches for the period 1995–2016. Results showed that the exchange rate, imports and FDI have a negative relationship with manufacturing performance. Exports and inflation had a positive relationship with manufacturing performance. Based on the findings of the study, it is recommended that SACU countries need to formulate informed policies that align the exchange rate to the actual needs of the manufacturing sector. Policymakers need to know which subsectors of the manufacturing sector will be affected by an exchange rate change and they also need to know the magnitude of the impact so that they can make informed decisions.
format	article
author	Courage Mlambo
author_facet	Courage Mlambo
author_sort	Courage Mlambo
title	Exchange rate and manufacturing sector performance in SACU states
title_short	Exchange rate and manufacturing sector performance in SACU states
title_full	Exchange rate and manufacturing sector performance in SACU states
title_fullStr	Exchange rate and manufacturing sector performance in SACU states
title_full_unstemmed	Exchange rate and manufacturing sector performance in SACU states
title_sort	exchange rate and manufacturing sector performance in sacu states
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/f509a59a19034896a099307441f27b0b
work_keys_str_mv	AT couragemlambo exchangerateandmanufacturingsectorperformanceinsacustates
_version_	1718385367114055680

Exchange rate and manufacturing sector performance in SACU states

Ejemplares similares