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This paper reconsiders the Balassa-Samuelson (BS) hypothesis. We analyze an OECD country panel from 1970 to 2008 and compare three data sets on sectoral productivity, including newly constructed data on total factor productivity. Overall, our within- and between-dimension estimation results do...
Persistent link: https://www.econbiz.de/10013205773
reserves that will enable them to diversify from dependence on crude oil exports to include other products and a higher level …
Persistent link: https://www.econbiz.de/10014516428
data, we examine whether the relationship between the exchange rate and exports change with the degree of labor … exports. In addition, export product variety and export market variety of the labor-intensive firms increase more than the … others during a currency depreciation. In particular, the increase in the exports of the labor-intensive firms is 2.7 percent …
Persistent link: https://www.econbiz.de/10014547829
Using a dataset of 101 countries over the 1960-2011 period, we examine the relationship between the real effective exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange rate regime, on the other one. We use new econometric...
Persistent link: https://www.econbiz.de/10011994614
This paper examines the determinants of the South African rand/US dollar (ZAR/USD) exchange rate based on demand and supply analysis. Applying the EGARCH method, the paper finds that the ZAR/USD exchange rate is positively associated with the South African government bond yield, US real GDP, the...
Persistent link: https://www.econbiz.de/10011559203
In this paper, we estimate ERPT into imported input prices and export prices using disaggregated quarterly trade data for Switzerland over 2004–2011. We find evidence for high pass-through rates into imported input prices. This demonstrates the effectiveness of natural hedging. On the export...
Persistent link: https://www.econbiz.de/10011933325
The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro area countries and reviews some problems with the measures recently proposed in the literature. Theoretical considerations suggest a cointegrating relationship (between import unit...
Persistent link: https://www.econbiz.de/10010295304
different effect of exchange rate uncertainty on exports. This has a negative impact in manufacturing-exporting countries, but …
Persistent link: https://www.econbiz.de/10014486079
rate of growth of exports in the eurozone since the start of the crisis. To that end, they estimate export functions … impact of exchange rate volatility on the exports of the countries analysed, suggesting that financial markets were developed … enough so that exchange rate volatility does not hinder the evolution of exports. …
Persistent link: https://www.econbiz.de/10012160887
Exports are a determining variable of the national product so the objective is to perform quantitative estimations …
Persistent link: https://www.econbiz.de/10014494412