Precios relativos y exportaciones manufactureras españolas: ¿explotan las empresas industriales una cadena de valor multinacional?

  • Ricardo Aláez
  • Ana Fernández
  • Begoña García

Abstract

This paper analyses the Spanish manufacturing exports to the European Union.
A panel data approach is used to test the hypothesis that there are differences
among manufacturing branches exports in relation to their elasticity to short
term variations in the real effective exchange rate index of the peseta. The main
result is that exports of manufacturing branches controlled by local firms are
more sensible to relative prices changes, but these branches have reduced their
share on overall exports in the under consideration period. Furthermore, those
manufacturing branches controlled by foreign-owned firms have revealed
themselves less sensible to conjunctural variations in the real effective exchange
rate index of the peseta, but have augmented their share in overall export value.
Compartir
How to Cite
Aláez, R., Fernández, A., & García, B. (2016). Precios relativos y exportaciones manufactureras españolas: ¿explotan las empresas industriales una cadena de valor multinacional?. Estudios de Economía, 29(2), pp. 191-209. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40838/43543
Section
Articles
Published
2016-05-06