Las exportaciones uruguayas y el tipo de cambio real: un análisis sectorial a través de modelos VECM- 1993-2010
AbstractHere we analyze the relationship between the Uruguayan exports: beef, dairy, chemicals and plastics, and the sectorial real exchange rate (TCRES), from January-93 to December-09 studying the possible cointegration between the variables. The results differ across sectors analyzed. International demand was silgnificant in all models. Upon disposal, most of the TCRES became significant with the expected sign, except plastic exports. This would not be checking at least in these cases, the theoretical relationship between increases on exports and improved competitiveness as measured by the real exchange rate. This raises new questions and an extensive agenda for future work.
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Bibliographic InfoPaper provided by Instituto de Economia - IECON in its series Documentos de Trabajo (working papers) with number 11-13.
Length: 36 pages
Date of creation: Dec 2011
Date of revision:
Exportaciones; Tipo de cambio real sectorial; Competitividad;
Find related papers by JEL classification:
- F19 - International Economics - - Trade - - - Other
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-28 (All new papers)
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