**Table A1.** List of Sub-subsector.

OECD and SIC represent the classification of the manufacturing export based on the OECD database and Standard Industrial Classification (SIC) Codes, respectively.

**Table A2.** List of Countries.




errors are numbers in the parentheses. \*, \*\*, and \*\*\* indicate the 10%, 5% and 1% significance level, respectively.


**Table A4.** A summary of effects of exchange rate volatility on exports.

Ex1—Food products, beverages and tobacco; Ex2—Textiles, wearing apparel, leather and related products; Ex3—Wood and products of wood and cork; Ex4—Paper and printing; Ex5—Chemicals, rubber, plastics and fuel products; Ex6—Non-metallic mineral products; Ex7—Basic metals and fabricated metal products; Ex8—Machinery and equipment; Ex9—Transport equipment; Ex10—Furniture and other manufacturing. na indicates exchange rate volatility have no effects on exports in the long run. Otherwise, a 1% increase in exchange rate volatility lead to x% change in exports (by geographic region and by sector origin).
