Real Exchange Effective and Export of Non-traditional Manufacturing. Evidence for Argentina
DOI:
https://doi.org/10.35319/lajed.20142197Keywords:
sectorial dualism, real effective exchange rate for exports, nontraditional manufacturing exports,, Brazil growth, VEC modelsAbstract
Sectorial dualism scheme (or unbalanced productive structure), in vogue in the sixties, argued that the real exchange rate played a prominent role in the behavior of exports. In this paper, we analyze the variables which explain nontraditional export performance, from VEC models and quarterly data for Argentina, covering the period 1995-2013. It is noted that real GDP of Brazil would be the main factor explaining variability of nontraditional manufacturing exports. In contrast, the real effective exchange rate seems to have played a smaller role in the last two decades.
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