is supported by recent empirical evidence. Most econometric studies find significant effects of RERs on exports and … growth, but subject to numerous qualifications. For example, RER effects on exports differ by type of goods exported, while …

identification of the impact of trade on income and increases the efficiency of the two-stage least square estimation. An important …

specification is preferred: the volume of exports and imports as a share of lagged total GDP. For this trade measure, a positive and …