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Export responses to real exchange rate (RER) depreciations in Pakistan are lower than those to appreciations. This … paper empirically documents this asymmetric response using macro-level data. It then relies on a disaggregated export … product-level data set for 2003-17 to test, within a panel fixed-effects framework, three hypotheses explaining the low export …
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"This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the "globalization years" of 1986-2004. Controlling for trade openness and two indicators of financial globalization, the authors find systematic positive and significant effects of...
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This paper investigates cross-sectoral productivity differentials in South African industry and their distributional consequences. The analysis shows that typically, traded sectors have experienced low productivity growth over the past decade, while skill intensive service sectors have had...
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