Browsing by Author "Gantman, Ernesto"

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    International trade and factor productivity as determinants of the real effective exchange rate
    (CENTRUM Publishing, 2016) Dabós, Marcelo; Gantman, Ernesto
    Using large panel data models that deal with the problems of potential endogeneity and cross-sectional dependence, while also allowing for cross-country heterogeneity in the parameters of interest, we demonstrated that trade openness produces a depreciation of the real effective exchange rate and total factor productivity leads to its appreciation.