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role of price and non-price competitiveness in influencing export. Through an econometric exploration, we identify price … competitiveness as a non-negligible factor in driving export, for a set of OECD countries from 1994 to 2019. The documented price … sensitiveness, combined with the institutions and policies adopted to promote export-led growth, casts an unsettling light on the …
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'self-discovery' that lie at the foundations of successful export-led growth and is thought to play a crucial role in the … process of economic development. Our model correctly predicts that large export flows are rare events, as pointed out in the … the (very skewed) shape of the distribution of bilateral export flows …
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currencies" offer high interest rates on average, while countries that export finished goods tend to have low interest rates. We …
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Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...
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