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Slow rockets and fast feathers or the link between exchange rates and exports : a case study for Pakistan

Brun, Martín; Gambetta, Juan Pedro; Varela, Gonzalo - 2020

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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