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
Chitambala, Mutinta Charity
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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.
University of Zambia