The purpose of this paper is to investigate the impact of real exchange rate (RER) changes on the growth rate of the agriculture, industrial, services, and extractive sectors. To this end, a panel autoregressive distributed lag (ARDL) model, for 19…
This study attempts to assess the reaction of sectorial employment shares to real exchange rate (RER) changes in 19 emerging economies over the period 1992–2020. To this end, a panel autoregressive distributed lag (ARDL) model was used. First, our…
As inter-sectoral linkages are being increasingly organized in complex networks, It has become inconceivable to study sectors’ responses to exogenous shocks without considering the nature of these invisible but real linkages Leontief (1941). However…
In this paper we evaluate the impact of COVID-19 lockdown policies on Tunisia’s supply chains. We estimate a Poisson Pseudo Maximum Likelihood model using data on bilateral imports for intermediate, capital, and final goods for the years 2019 and…
COVID-19 pandemic caused significant disruption of trade flows between countries, revealing the vulnerability of global value chains. This unexpected event sparked a public debate on devising new policies to increase the resilience of value chains.…