Pereira, W. M., Missio, F. J., & Jayme Jr, F. G. (2024). Modern services, real exchange rate and economic growth. Brazilian Journal of Political Economy, 45(1), e253562. https://periodicos.fgv.br/bjpe/article/view/94868/88330)

Resumo: 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.

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