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Exchange rate volatility has been identified as one of the drivers of export diversification. Previous studies have assumed a symmetric relationship between the two variables. However, because volatility could be positive or negative and economic agents react to these changes differently, recent...
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from productivity improvement or technical efficiency improvement. High-technology firms mainly benefit from FDI due to … their high technological absorption capability. Meanwhile, medium-high and medium-low tech firms increase productivity …, combined with improvements in technology absorption capacity, can help revitalize the productivity of low-tech firms. FDI, firm …
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