Contents
ABSTRACT..............................................................................................................................................3
CHAPTER 1.............................................................................................................................................4
1.1 Introduction.................................................................................................................................4
1.2. Context and Background.............................................................................................................4
1.3. Problem statement.....................................................................................................................4
1.4. Research Objectives....................................................................................................................5
1.5. Hypothesis...................................................................................................................................5
1.6. Significance of the study.............................................................................................................5
1.7. Outline of the study....................................................................................................................5
CHAPTER 2.............................................................................................................................................6
2. LITERATURE REVIEW..........................................................................................................................6
2.1.1 Purchasing Power Parity (PPP)..................................................................................................6
2.1.2 The Mundell-Fleming Model.....................................................................................................6
2.1.3 J-Curve Effect.........................................................................................................................7
2.1.4 Elasticity Approach....................................................................................................................7
2.2 Empirical Literature Review.........................................................................................................8
2.2 Conclusion..................................................................................................................................10
CHAPTER 3...........................................................................................................................................11
RESEARCH METHODOLOGY.................................................................................................................11
3.1. Model Specification and Estimation Technique........................................................................11
3.2. Discussion of Variables Used.....................................................................................................11
3.3. Data and Data Sources..........................................................................................................12
CONCLUSION........................................................................................................................................13
REFERENCES.........................................................................................................................................14
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