The real exchange rate and industrial investment: new evidence for Brazil
Hugo C Iasco-Pereira,
Gilberto Libânio,
Fabrício Missio
Abstract:This study empirically investigates the influence exerted by the real exchange rate (RER) on investments in 81 sectors of Brazil’s manufacturing industry, between 2007 and 2018. The work has a number of novel features. First, a more disaggregated database is employed than that commonly found in the existing literature. Second, the article’s empirical findings indicate the existence of two competing channels through which a competitive RER may influence sectoral investments, that is: (i) positively, by enhanced… Show more
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