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This paper investigates the effects of manufacturing and of the real exchange rate (RER) on real per capita income growth. We use dynamic panel models and the calculation of output and employment multipliers for a diversified sample of countries from 1990 to 2011. Three important results can be...
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.e., Greece and Spain, and for the Eurozone economy as a whole. The findings reveal certain differentiated features of the …
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performed traditional multiplier analysis and obtains the key sectors of the economy. This analysis is sensitive to the level of …
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