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Abstract

We consider the determinants of exports of services, distinguishing between modern andtraditional services. We consider both the growth of export volumes and so-called export surges –periods of rapid sustained export growth. We ask whether the determinants of export growth ratesand surges differ between merchandise, traditional services and modern services and whetherdeveloping countries are different. Our findings confirm the importance of the real exchange ratefor export growth. We find that the effect of the real exchange rate is even stronger for exports ofservices than exports of goods; it is especially strong for exports of modern services. While theevidence of differential effects between advanced and developing countries is weaker, our resultsnonetheless suggest that as developing countries shift from exporting primarily commodities andmerchandise to exporting traditional and modern services in the course of their development,appropriate policies toward the real exchange rate become even more important.



Item Type: MPRA Paper -

Original Title: The Real Exchange Rate and Export Growth: Are Services Different?-

English Title: The Real Exchange Rate and Export Growth: Are Services Different?-

Language: English-

Keywords: Real Exchange Rate, Exports, Services, Traditional Services-

Subjects: F - International Economics > F1 - Trade > F15 - Economic IntegrationF - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies-





Author: Eichengreen, Barry

Source: https://mpra.ub.uni-muenchen.de/43358/



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