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LUND UNIVERSITY LIBRARIES

Vem har tjänat på den svaga svenska kronan?

Paulson, Rasmus LU (2020) NEKH02 20201
Department of Economics
Abstract
This essay explores which sector of the Swedish economy has benefited the most from changes in the exchange rate during the period 1997-2018, which was a time of depreciation. Branches from two-number SNI (Swedish National Industrial Classification) are categorized into three main sectors: services, primary industry and remaining industry, and then matched with SITC data on imports and exports. It is then examined whether changes in export dependency and the real effective exchange rate index REER are consistent with higher
growth rates in the sectors. Panel regressions find that increased exports in relation to imports, coupled with local currency depreciation has a positive growth effect. Although primary industry sectors have large... (More)
This essay explores which sector of the Swedish economy has benefited the most from changes in the exchange rate during the period 1997-2018, which was a time of depreciation. Branches from two-number SNI (Swedish National Industrial Classification) are categorized into three main sectors: services, primary industry and remaining industry, and then matched with SITC data on imports and exports. It is then examined whether changes in export dependency and the real effective exchange rate index REER are consistent with higher
growth rates in the sectors. Panel regressions find that increased exports in relation to imports, coupled with local currency depreciation has a positive growth effect. Although primary industry sectors have large shares of exports compared to imports, the service sector has seen the largest increases in said measure and therefore seems to be the main benefactor of the depreciations in the studied period. While the effect is significant the validity of the conclusion can be questioned due to the disconnect with previous research plus instability of results when switching between related variables, such as GDP and GDP per capita. (Less)
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author
Paulson, Rasmus LU
supervisor
organization
course
NEKH02 20201
year
type
M2 - Bachelor Degree
subject
keywords
Exports, Exchange rates, Trade exposure
language
Swedish
id
9025746
date added to LUP
2020-08-29 11:27:25
date last changed
2020-08-29 11:27:25
@misc{9025746,
  abstract     = {{This essay explores which sector of the Swedish economy has benefited the most from changes in the exchange rate during the period 1997-2018, which was a time of depreciation. Branches from two-number SNI (Swedish National Industrial Classification) are categorized into three main sectors: services, primary industry and remaining industry, and then matched with SITC data on imports and exports. It is then examined whether changes in export dependency and the real effective exchange rate index REER are consistent with higher 
growth rates in the sectors. Panel regressions find that increased exports in relation to imports, coupled with local currency depreciation has a positive growth effect. Although primary industry sectors have large shares of exports compared to imports, the service sector has seen the largest increases in said measure and therefore seems to be the main benefactor of the depreciations in the studied period. While the effect is significant the validity of the conclusion can be questioned due to the disconnect with previous research plus instability of results when switching between related variables, such as GDP and GDP per capita.}},
  author       = {{Paulson, Rasmus}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Vem har tjänat på den svaga svenska kronan?}},
  year         = {{2020}},
}