Vem har tjänat på den svaga svenska kronan?
(2020) NEKH02 20201Department 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)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9025746
- author
- Paulson, Rasmus LU
- supervisor
- organization
- course
- NEKH02 20201
- year
- 2020
- 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}}, }