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Modern services, real exchange rate and economic growth

Year: 2024

Type: article

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.

Source: LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Científicas)

DOI: 10.1590/0101-31572025-3562

Authors: Wallace Marcelino Pereira, Fabricio J. Missio, Frederico Gonzaga Jayme Jr.

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W6962263050

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