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Latin American Economic Review

Table 5 Baseline model under different interactions terms

From: Real exchange rate and manufacturing growth in Latin America

 

(1)

(2)

(3)

(4)

(5)

(6)

Ln initial production

−0.114***

−0.115***

−0.115***

−0.115***

−0.115***

−0.115***

per capita

(0.0225)

(0.0226)

(0.0229)

(0.0225)

(0.0225)

(0.0226)

Ln underval

0.0792**

0.199***

0.179**

0.0979***

0.172***

0.193***

 

(0.0326)

(0.0303)

(0.0740)

(0.0261)

(0.0320)

(0.0302)

LA× underval

0.0962***

     
 

(0.0364)

     

Ln underval X

 

−0.00417***

    

RGDPCHt−1

 

(0.00144)

    

Ln underval X

  

−0.0619

   

kc t−1

  

(0.118)

   

Ln underval X

   

0.0818***

  

openkt−1

   

(0.0281)

  

Ln underval X

    

−0.112

 

Interm. imp. ratio

    

(0.0899)

 

Ln underval X

     

−0.214**

Imp. content of Exp

     

(0.101)

Country controls

Yes

Yes

Yes

Yes

Yes

Yes

Sector–Country FE

Yes

Yes

Yes

Yes

Yes

Yes

Year FE

Yes

Yes

Yes

Yes

Yes

Yes

Observations

9,552

9,552

9,552

9,552

9,539

9,539

  1. Robust standard errors in parentheses
  2. * p < 0.10, ** p < 0.05, *** p < 0.01
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