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Modern services, real exchange rate and economic growth

Author

Listed:
  • Wallace Marcelino Pereira
  • Fabricio J. Missio
  • Frederico Gonzaga Jayme Jr.

Abstract

This paper explores the effects of changes in the real exchange rate (RER) levelon the performance of the modern services sector. The hypothesis is that sustaining a competitiveRER contributes to improving the performance of modern services. To do so, we estimatedeconometric models based on the Generalized Method of Moments (GMM) for asample of 24 countries between 2000 and 2014. The results suggest that the RER positivelyaffects the modern services sector in terms of output, employment, and a structural changeindex. JEL Classification: O1; O2; C23.

Suggested Citation

  • Wallace Marcelino Pereira & Fabricio J. Missio & Frederico Gonzaga Jayme Jr., 2025. "Modern services, real exchange rate and economic growth," Brazilian Journal of Political Economy, Center of Political Economy, vol. 45(1), pages 3-23.
    • Handle: RePEc:ekm:repojs:v:45:y:2025:i:1:p:3-23:id:2488
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2488/2418
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    More about this item

    Keywords

    Economic growth; real exchange rate; structural change; modern services;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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