International trade and factor productivity as determinants of the real effective exchange rate
Using large panel data models that deal with the problems of potential endogeneity and cross-sectional dependence, while also allowing for cross-country heterogeneity in the parameters of interest, we demonstrate that trade openness produces a depreciation of the real effective exchange rate and...
Guardado en:
| Autores principales: | , |
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| Formato: | Working Paper |
| Lenguaje: | Inglés |
| Publicado: |
Universidad de Belgrano - Centro de Estudios en Negocios, Finanzas, Economía y Marketing (CENFEM)
2016
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| Materias: | |
| Acceso en línea: | http://repositorio.ub.edu.ar/handle/123456789/8246 |
| Aporte de: |
| Sumario: | Using large panel data models that deal with the problems of potential endogeneity and cross-sectional
dependence, while also allowing for cross-country heterogeneity in the parameters of interest, we
demonstrate that trade openness produces a depreciation of the real effective exchange rate and total
factor productivity leads to its appreciation. |
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