Change of land use from residential to commercial in Livingstone: implications for urban planning by Tozya Mtawali Effects of currency depreciation on growth in Zambia

Abstract

This study empirically investigated the impact of currency depreciation on economic growth in Zambia using the Johansen cointegration technique in a bivariate specification. The study used annual time-series data over the period 1985-2016. Gross domestic product (GDP) was used as a proxy for economic growth. The estimation results revealed the existence of a negative relationship between the real exchange rate and GDP. These empirical results signify the importance of a systematic exchange rate policy in order to promote stability and sustainability of economic growth. Keywords: Economic Growth, Exchange Rate Depreciation, Cointegration.