This paper studies how a positive export shock - the sharp increase in garment-sector exports that began at the end of … exogenous to Bangladesh, we instrument export demand with OECD imports to ensure identification. We compare estimates of the …-run, general-equilibrium neoclassical trade theory. As in other studies, we find that the export shock was localized both in terms …

expand their product varieties in export. Our model demonstrates that relaxing foreign ownership controls and improving …

growth and employment in export sectors, we have not found that undervaluation would raise it. Replacing the multicurrency …