n African Finance Journal - Exchange rate pass-through to import prices : evidence from Ghana
|Article Title||Exchange rate pass-through to import prices : evidence from Ghana|
|© Publisher:||AfricaGrowth Institute|
|Journal||African Finance Journal|
|Author||John Bosco Dramani and Francis Tandoh|
|Publication Date||Jan 2011|
|Pages||110 - 121|
|Issue||Special issue 1|
|Keyword(s)||ARDL, C22, E31, E52, Exchange rate pass-through, Garden City University College and Import prices|
This paper investigates the transmission rate from exchange rate movement into import prices across product category in Ghana over the past ten years using quarterly data. Using the Autoregressive Distributed Lag approach to cointegration, the paper estimated the degree of pass-through to import price and found a decline in the pass-through elasticities. The results reveal that the transmission rate from exchange rate movement into import prices is incomplete in the short-run; in the long-run however, the pass-through elasticity is larger than the short-run.
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