Slow Rockets and Fast Feathers or the Link between Exchange Rates and Exports : A Case Study for Pakistan (English)

Export responses to real exchange rate (RER) depreciations in Pakistan are lower than those to appreciations. This paper empirically documents this asymmetric response using macro-level data. It then relies on a disaggregated export product–level data set for 2003-17 to test, within a panel fixed-effects framework, three hypotheses explaining the low export response to depreciations, focusing on information costs, supply constraints, and pricing to...

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Author

Brun,Martin;

Gambetta,Juan Pedro;

Varela,Gonzalo J.;
Document Date
2020/08/10
Document Type
Policy Research Working Paper
Report Number
WPS9353
Volume No
1
Total Volume(s)
1
Country
Pakistan,
Region
South Asia,
Disclosure Date
2020/08/10
Disclosure Status
Disclosed
Doc Name
Slow Rockets and Fast Feathers or the Link between Exchange Rates and Exports : A Case Study for Pakistan
Keywords
trade and investment

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Citation

Brun,Martin; Gambetta,Juan Pedro; Varela,Gonzalo J..

Slow Rockets and Fast Feathers or the Link between Exchange Rates and Exports : A Case Study for Pakistan (English). Policy Research working paper|no. WPS 9353 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/561931597063569779

Slow Rockets and Fast Feathers or the Link between Exchange Rates and Exports : A Case Study for Pakistan (English)

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