This paper analyzes how the exchange rate elasticity of exports has changed over time and across countries and sectors, and how the formation of global value chains has affected this relationship. The analysis uses a panel framework covering 46 countries over the period 1996-2012, and first finds evidence that the elasticity of manufacturing export volumes to the real effective exchange rate has decreased over time. The paper then examines whether...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2015/08/11
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Рабочий документ в рамках исследования вопросов политики
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WPS7390
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1
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1
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2015/08/11
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Disclosed
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Depreciations without exports ? global value chains and the exchange rate elasticity of exports
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trade and competitiveness
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Официальная версия документа (может содержать подписи, и т.д.)