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exports, while exchange rate appreciations in assembly economies would not. The evidence also indicates that decreases in … income in importing countries would significantly reduce computer exports. These findings imply that if growth remains slow … in the rest of the world, computer exports will no longer be able to play the same role as an engine of growth. This …
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-intensive exports. Results obtained using a panel data set including exports to 25 countries indicate that an appreciation in ASEAN … countries would substantially reduce exports of clothing, furniture, and footwear. In addition, an increase in foreign income … and an appreciation among competitors would raise ASEAN's exports. These results indicate that profit margins for labor …
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