First, changes in SA export volumes are found to be overwhelmingly responding to the currently sluggish global demand for imports, which more than offsets the effects of the real exchange rate depreciations of recent years. Yet, when one focuses on the intensive margin (i.e., on the changes in the quantities of already existing exports), a large and significant exchange rate response is found after controlling for global and Chinese demand for imports...
انظر المزيد
تفاصيل
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2017/1/03
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التقرير السنوي
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111633
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1
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1
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2017/1/04
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Disclosed
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The big switch in Latin America : restoring growth through trade semiannual report 2016
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terms of trade