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- W2956007718 abstract "This papers explores the effects of real exchange rate depreciations on growth across sectors, identifying export, cost, and import-penetration channels. It tests the existence and magnitude of these channels in a panel difference-in-difference methodology. Sectors that export more to begin with, grow relatively more in response to a depreciation. The same is true of sectors where import penetration in final demand is higher. There is no evidence that depreciations reduce growth by making imported inputs more expensive. A 10 percent real depreciation would increase growth of nontraditional sectors in Latin America by 0.6-2 percentage points mostly through the export channel." @default.
- W2956007718 created "2019-07-12" @default.
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- W2956007718 date "2017-11-16" @default.
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- W2956007718 title "The Sectoral Effects of Real Depreciations in Latin America" @default.
- W2956007718 doi "https://doi.org/10.5089/9781484328477.001.a001" @default.
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