Long-term effects of real exchange rate volatility and institutional quality on economic complexity

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cepal.articleNo4
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2025/1-P
cepal.docTypeRevistas
cepal.jelCodeF14
cepal.jelCodeO13
cepal.jobNumber04sousa_REV-145E
cepal.physicalDescriptiontablas.
cepal.regionalOfficeSantiago
cepal.sdg17
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngPRODUCTIVITY
cepal.topicEngNATURAL RESOURCES
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaPRODUCTIVIDAD
cepal.topicSpaRECURSOS NATURALES
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaEngPRODUCTION, PRODUCTIVITY AND MANAGEMENT
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaDESARROLLO PRODUCTIVO Y EMPRESARIAL
dc.contributor.authorSousa, Rafael Moraes de
dc.contributor.authorVeríssimo, Michele Polline
dc.coverage.temporalEnd2018
dc.coverage.temporalStart1995
dc.date.accessioned2025-08-22T13:33:07Z
dc.date.available2025-08-22T13:33:07Z
dc.date.issued2025-04
dc.description.abstractThis article analyses whether real exchange rate volatility and institutional quality, combined as conditioning variables of the productive specialization of economies, can have a negative impact on a country’s ability to achieve greater economic sophistication, especially in countries with a commodity-dominated and natural resource-based export basket. The methodology used consists of panel cointegration estimation (pooled mean group) using data from 1995 to 2018 for a sample of 54 countries. The results indicate that real exchange rate volatility is indeed an obstacle to the implementation of structural measures aimed at diversification and sophistication of a country’s productive fabric, while the quality of its institutions has a positive effect on its economic complexity and increases the possibilities for developing local capabilities.
dc.formatTexto
dc.format.extentpáginas 65-83
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2025/1-P
dc.identifier.urihttps://hdl.handle.net/11362/82406
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.isPartOfSeriesNo145
dc.relation.translationLanguagespa
dc.relation.translationRecordEfectos a largo plazo de la volatilidad del tipo de cambio real y la calidad institucional en la complejidad económica
dc.relation.translationUrihttps://hdl.handle.net/11362/81880
dc.rights.coarDisponible
dc.subject.unbisEngFOREIGN EXCHANGE MARKETS
dc.subject.unbisEngCOMMODITIES
dc.subject.unbisEngNATURAL RESOURCES
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngPRODUCTION
dc.subject.unbisEngECONOMIC SURVEYS
dc.subject.unbisSpaMERCADOS DE DIVISAS
dc.subject.unbisSpaPRODUCTOS BASICOS
dc.subject.unbisSpaRECURSOS NATURALES
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaPRODUCCION
dc.subject.unbisSpaESTUDIOS ECONOMICOS
dc.titleLong-term effects of real exchange rate volatility and institutional quality on economic complexity
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication69bf8ea6-386e-4c66-aaa2-dcc811df70c2
relation.isAuthorOfPublicationbb766ef3-c468-46c7-b0e2-bb4516d5f928
relation.isAuthorOfPublication.latestForDiscovery69bf8ea6-386e-4c66-aaa2-dcc811df70c2
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