Modern services, real exchange rate and economic growth

ABSTRACT This paper explores the effects of changes in the real exchange rate (RER) level on the performance of the modern services sector. The hypothesis is that sustaining a competitive RER contributes to improving the performance of modern services. To do so, we estimated econometric models based on the Generalized Method of Moments (GMM) for a sample of 24 countries between 2000 and 2014. The results suggest that the RER positively affects the modern services sector in terms of output, employment, and a structural change index.

Publication Details

Journal
LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Científicas)
Published
2024-12-01
DOI
https://doi.org/10.1590/0101-31572025-3562
Primary Topic
Economic Growth and Productivity
Type
article
Field-Weighted Citation Impact
0.00
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article

Modern services, real exchange rate and economic growth

LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Científicas)
Economic Growth and Productivity
article

Modern services, real exchange rate and economic growth

article en

Abstract

ABSTRACT This paper explores the effects of changes in the real exchange rate (RER) level on the performance of the modern services sector. The hypothesis is that sustaining a competitive RER contributes to improving the performance of modern services. To do so, we estimated econometric models based on the Generalized Method of Moments (GMM) for a sample of 24 countries between 2000 and 2014. The results suggest that the RER positively affects the modern services sector in terms of output, employment, and a structural change index.

LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Científicas)
Decent work and economic growth
Openalex Percentile: Top 39%
Economic Growth and Productivity
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Modern services, real exchange rate and economic growth · LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Científicas) (2024) | TGRS Research Map | TGRS