Abstract

This study investigates the impact of real exchange rate depreciations of the Egyptian Pound on the intensive and extensive margins of firm-level exports in the years 2008, 2013, 2016, and 2020 using a comprehensive dataset of over 7,000 firms from the World Bank Enterprise Survey. Employing a firm-level fixed effects model, the study finds that real depreciation boosts export performance by 5.7 percentage points and 6.2 percentage points at the intensive and extensive margins respectively. Results also indicate a positive relationship between firm exports and firm size, foreign ownership, and firms with greater reliance on imports in their inputs. Additionally, firms with higher import intensity were able to leverage competitiveness gains more strongly than they were hurt by higher input costs following a depreciation. These findings highlight the importance of complementary policies—such as mitigating input-cost shocks, facilitating global market integration, and assessing Egypt’s sectoral competitiveness to fully leverage exchange rate adjustments for export promotion in Egypt.

School

School of Business

Department

Economics Department

Degree Name

MA in Economics

Graduation Date

Spring 6-18-2025

Submission Date

5-21-2025

First Advisor

Dr. Abeer Elshennawy

Second Advisor

Dr.Mohammed Bouaddi

Committee Member 1

Dr. Mina Ayad

Committee Member 2

Dr. Yasmine Eissa

Extent

40 p.

Document Type

Master's Thesis

Institutional Review Board (IRB) Approval

Not necessary for this item

Additional Files
Thesis signatures Form Noor El Ghorab.pdf (357 kB)
Signature Page Noor ElGhorab
receipt_ElGhorab_Thesis_Impact of Currency Depreciation on Egyptian Exports_V4_sent.docx.pdf (161 kB)
Turnitin Receipt Noor ElGhorab
IRB form.jpg (127 kB)
IRB form Noor ElGhorab
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