Abstract
This paper aims to explore the impact of the exchange, interest, & inflation rates on economic growth in the Arab Republic of Egypt during the period (2013-2016). In order to meet the study’s goals, a descriptive analytical approach was adopted. The paper uses multiple regression analysis to model the relationship between the dependent variable and the independent variables. The paper found that the exchange rate has a statistically significant impact on economic growth in Egypt. In addition, it was found that the interest and inflation rates don’t have any statistically significant impact on economic growth in Egypt. It was also found that the (exchange, interest, and inflation rates) jointly do not have any statistically significant impact on economic growth in Egypt. Keywords : Exchange Rate, Interest Rate, Inflation Rate, Economic Growth, Egypt. DOI : 10.7176/JESD/10-12-06 Publication date :June 30 th 2019
Highlights
The change in economic variables has been receiving much attention by the researchers specialized in the field of economy
The present study aimed to provide empirical and theoretical answers to the following questions: -What is the impact of the exchange rate on economic growth in Egypt? -What is the impact of the interest rate on economic growth in Egypt? -What is the impact of the inflation rate on economic growth in Egypt? -What is the impact of the jointly on economic growth in Egypt?
It was found that the rise of the exchange rate by 1% shall lead to the decrease of the balance of payment by 5.35%
Summary
The change in economic variables has been receiving much attention by the researchers specialized in the field of economy. That is because such a change significantly affects the macroeconomic indicators. It should be noted that the exchange rate affects the prices of the foreign and local commodities. It affects the country’s extent of participation in international commerce. The researcher aimed to explore the impact of the exchange, interest, & inflation rates on economic growth in Egypt. Egypt serves as a model representing developing countries
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