Real Exchange Rate and Industrial Competitiveness
Relationship between the real exchange rate level and the performance of Argentina’s manufacturing export sector.
Nicolás Sturzenegger
Paper ⎯ 29 de junio de 2026
Real exchange rate volatility constitutes one of the main uncertainty factors for industrial investment in Argentina. Episodes of exchange rate appreciation have systematically coincided with declines in the manufacturing sector’s share of GDP and in exports of industrial origin.
Industrialization is not a luxury but a necessity for developing economies.
Federico Colombo
Relationship between the real exchange rate level and the performance of Argentina’s manufacturing export sector.