Vaz, Paulo Henrique; Baer, Werner - In: Latin American Economic Review 23 (2014) 1, pp. 1-17
The manufacturing sectors in Latin America have been more affected by the currency over/undervaluation than their counterpart in industrialized economies. From a panel data set covering 39 countries and 22 manufacturing sectors (2-digit) within 1995-2008, we formally test the hypothesis that...