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Exchange rate movements affect exports through depreciation (appreciation) and risk. Depreciation may raise exports but … rate risk. Depreciation and export revenue are positively related, as expected, for eight countries, but its contribution … depreciation, to reduce exchange rate fluctuation should be the goal of foreign exchange market intervention. …
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Special economic zones can be an effective instrument to promote industrialization if implemented properly in the right context. In China, starting in the 1980s, special economic zones were used as a testing ground for the country's transition from a planned to a market economy, and they are a...
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In this paper, we study the behavior of innovation and imitation among a group of firms in a competitive industry. To …
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