Global Value Chains and the Exchange Rate Elasticity of Exports is popular PDF and ePub book, written by Swarnali Ahmed in 2015-11-30, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Global Value Chains and the Exchange Rate Elasticity of Exports can be Read Online from any device for your convenience.
Global Value Chains and the Exchange Rate Elasticity of Exports Book PDF Summary
This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some suggestive evidence that the elasticity of real manufacturing exports to the Real Effective Exchange Rate (REER) has decreased over time. We then examine whether the formation of supply chains has affected this elasticity using different measures of GVC integration. Intuitively, as countries are more integrated in global production processes, a currency depreciation only improves competitiveness of a fraction of the value of final good exports. In line with this intuition, we find evidence that GVC participation reduces the REER elasticity of manufacturing exports by 22 percent, on average.
Detail Book of Global Value Chains and the Exchange Rate Elasticity of Exports PDF
- Author : Swarnali Ahmed
- Release : 30 November 2015
- Publisher : International Monetary Fund
- ISBN : 9781513560977
- Genre : Business & Economics
- Total Page : 28 pages
- Language : English
- PDF File Size : 17,9 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Global Value Chains and the Exchange Rate Elasticity of Exports by Swarnali Ahmed, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.