Castellón, España
Estados Unidos
The focus of this paper is a global examination of how different export sectors react to real devaluations in the short term. The disaggregated nature of the data allows a closer analysis of the underlying cross-export differences in exchange rate movements. Current period real devaluation has contractionary effects on real exports in 80 per cent of specific export sectors and affects a variety of industries without distinction as to whether products incorporate more added value or less added value. Therefore, sector specific policy solutions are more advisable than implementing a uniform devaluation on a country’s export portfolio.We gathered export data from 67 countries around the world across 65 export sectors at the two-digit SITC level, for the years 1976-2006.
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