Musyoki, Danson; Pokhariyal, Ganesh P.; Pundo, Moses
June 2012
Journal of Business Studies Quarterly;2012, Vol. 3 Issue 4, p24
Academic Journal
This paper examines Real Exchange Rates (RER) misalignment in Kenya by using Johansen Cointegration and error correction technique based on single equation and Vector Autoregressive (VAR) specification. It was found that actual RER was more often above its equilibrium value for the study period of June 1993 -- December 2009 and the country's international competitiveness deteriorated over the study period.


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