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However, the government also kept the local currency undervalued, which benefitted exporting sectors.
Figure 5 displays the changes in export volumes by EITE exporting sectors under the policy of carbon tax and their response to border adjustments.
Exporting sectors such as autos and chemicals were weakest after the euro surged to record highs of around $1.19 against the dollar, making euro zone exports to dollar areas more expensive.
The exports of those products are the sectors' gross output minus domestic demand; the 2015 gross outputs for those exporting sectors are taken from Oxford Economics Global Industry Modell (using the November 2015 database).
The analysis also reveals that the exporting sectors are low-skilled and medium-skilled intensive, reflecting the higher increase in demand for those two groups to keep up with the growth in production and export supplies.
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The purpose of this paper is to develop an understanding of the possibilities and challenges facing the application of e-business in the Ghanaian exporting sector.
And the depreciations themselves will give a boost to their export sectors, albeit on a lag.
Differential exchange rates are sometimes used to extract revenues from export sectors.
Investment in export sectors, in particular, may simply have shifted to China.
Education is one of the UK's most successful export sectors, albeit an export sector (like tourism) that mostly works by bringing customers (students) to the UK rather than sending goods abroad.
Other countries are trying to follow its example, using their export sectors as the engine of recovery.
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