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File name: SSRN-id1718726. ; Size: 219K
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Exchange Rate Pass-Through in South Africa: Panel Evidence from Individual Goods and Services
David C. Parsley
Vanderbilt University - Owen Graduate School of Management; Vanderbilt University
December 1, 2010
Journal of Development Studies, Forthcoming
Abstract:
This study estimates pass-through for South Africa using samples of final goods and services, and homogenous imports. Estimated pass-through to consumer goods prices is low, roughly 16 percent in the two years following an exchange rate change; surprisingly, it is somewhat higher for services. Deviations from long run PPP appear to disappear relatively quickly, with a half-life of about 16 months. For imports, pass-through estimates are much higher, averaging around 60 percent, but with wide source-country variation. Finally, there is virtually no support for a simple linear trend change in either pass-through or in reversion to PPP during the sample.
Number of Pages in PDF File: 36
Accepted Paper Series
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Date posted: July 19, 2010
; Last revised: November 25, 2012
Suggested CitationParsley, David C., Exchange Rate Pass-Through in South Africa: Panel Evidence from Individual Goods and Services (December 1, 2010). Journal of Development Studies, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1644969
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