{"id":7353,"date":"2023-12-07T00:54:28","date_gmt":"2023-12-07T00:54:28","guid":{"rendered":"https:\/\/aaep.org.ar\/?p=7353"},"modified":"2023-12-07T00:54:29","modified_gmt":"2023-12-07T00:54:29","slug":"real-exchange-rate-volatility-and-argentine-sectoral-exports-evidence-of-a-long-run-relationship","status":"publish","type":"post","link":"https:\/\/aaep.org.ar\/?p=7353","title":{"rendered":"Real exchange rate volatility and Argentine sectoral exports: evidence of a long-run relationship"},"content":{"rendered":"<iframe loading=\"lazy\" class=\"wonderplugin-pdf-iframe\" src=\"https:\/\/aaep.org.ar\/wp-content\/plugins\/wonderplugin-pdf-embed\/pdfjslight\/web\/viewer.html?v=2&file=https:\/\/aaep.org.ar\/works\/works2023\/4700.pdf\" width=\"100%\" height=\"600px\" style=\"border:0;\"><\/iframe>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this paper we analyze whether there is a long-run relation between real exchange rates, exchange rate volatility and total as well as sectoral Argentine exports. When we analyze each of the sectoral exports and real exchange rate volatility, we find a cointegrating vector that passes all diagnosis tests in three cases: total exports and volatility, hydrocarbons and volatility, and heavy industry and volatility. In these cointegrating vectors the coefficients of exchange rate volatility are significant and the sign coincides with most empirical findings, namely that more volatility will be associated with a decrease in exports in the corresponding sector. Nevertheless, these results are not robust to the introduction of the variable real exchange rate into the system, suggesting that more research should be performed. We also find that for the food sector there is a cointegrating vector relating sectoral exports, real exchange rate and its volatility measure.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[29],"tags":[31],"class_list":["post-7353","post","type-post","status-publish","format-standard","hentry","category-anales","tag-aaep-anales-2023"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real exchange rate volatility and Argentine sectoral exports: evidence of a long-run relationship - Asociaci\u00f3n Argentina de Econom\u00eda Pol\u00edtica<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real exchange rate volatility and Argentine sectoral exports: evidence of a long-run relationship - Asociaci\u00f3n Argentina de Econom\u00eda Pol\u00edtica\" \/>\n<meta property=\"og:description\" content=\"In this paper we analyze whether there is a long-run relation between real exchange rates, exchange rate volatility and total as well as sectoral Argentine exports. When we analyze each of the sectoral exports and real exchange rate volatility, we find a cointegrating vector that passes all diagnosis tests in three cases: total exports and volatility, hydrocarbons and volatility, and heavy industry and volatility. In these cointegrating vectors the coefficients of exchange rate volatility are significant and the sign coincides with most empirical findings, namely that more volatility will be associated with a decrease in exports in the corresponding sector. Nevertheless, these results are not robust to the introduction of the variable real exchange rate into the system, suggesting that more research should be performed. We also find that for the food sector there is a cointegrating vector relating sectoral exports, real exchange rate and its volatility measure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aaep.org.ar\/?p=7353\" \/>\n<meta property=\"og:site_name\" content=\"Asociaci\u00f3n Argentina de Econom\u00eda Pol\u00edtica\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-07T00:54:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-07T00:54:29+00:00\" \/>\n<meta name=\"author\" content=\"aaepolitica\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@aaepoficial\" \/>\n<meta name=\"twitter:site\" content=\"@aaepoficial\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"aaepolitica\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/?p=7353#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/?p=7353\"},\"author\":{\"name\":\"aaepolitica\",\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/#\\\/schema\\\/person\\\/7150b747ba20875259c74b2cd177316c\"},\"headline\":\"Real exchange rate volatility and Argentine sectoral exports: evidence of a long-run relationship\",\"datePublished\":\"2023-12-07T00:54:28+00:00\",\"dateModified\":\"2023-12-07T00:54:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/?p=7353\"},\"wordCount\":28,\"publisher\":{\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/#organization\"},\"keywords\":[\"AAEP Anales 2023\"],\"articleSection\":[\"Anales\"],\"inLanguage\":\"es\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/?p=7353\",\"url\":\"https:\\\/\\\/aaep.org.ar\\\/?p=7353\",\"name\":\"Real exchange rate volatility and Argentine sectoral exports: evidence of a long-run relationship - 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