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In this paper we examine the impact of the level of the exchange rate, volatility in the exchange rate and exchange … number of different estimation procedures. As regards the level of the exchange rate we find a positive relationship between …
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This paper compares the performance of purely domestic plants, domestic exporters and domestic multinationals. For our empirical analysis we utilise a non-parametric approach based on the principle of first order stochastic dominance. We find that the distributions for multinationals dominate...
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