eng
Çankırı Karatekin University
Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
1308-5549
2147-4206
23.09.2019
4
2
327
348
10.18074/cnuiibf.
23092019083733
article
title
Lakhdar ADOUKA
ladouka@gmail.com
Andre Makutubu BALIBWANABO
iibfdergi@karatekin.edu.tr
Yahia BOUCHETA
iibfdergi@karatekin.edu.tr
The aim of our study is to analyze the impact of the real effective exchange rate on the living standards of the Congolese population. Firstly when applied, the Dickey-Fuller test showed that all variables are stationary in first difference. The Johansen test showed that all the variables are co-integrated and that exists a long-term relationship between the variables.
The error correction model (ECM) is applied, and we have seen that the Standard of Living and the real effective exchange rate adjust very slowly, since the convergence rate the Standard of living is about 22%.
According to our analysis, the variation in the real effective exchange rate and the living standards of the Congolese population are inter-related, that is to say, in the DRC when the real effective exchange rate varies of 1%, the GDP per capita increases of 0,00068%. According to the statistical study we have treated, we can conclude that our model is generally satisfactory.
http://iibfdergi.karatekin.edu.tr/Makaleler/1985817235_JFEAS_4_2_17.pdf
Real
Effective
Exchange
Rate
and
Standard
of
Living:
Case
of
Democratic
Republic
of
Congo
(DRC)