“…Finally, domestic absorption may be negatively related to exports, because domestic agents may demand more exportable products for their own consumption (Chena, 2014; Cortes & Bosch, 2015; Goldstein & Khan, 1985; Razmi, 2011; Vázquez‐Muñoz, 2018). For Argentina, this may be especially important for primary products, such as wheat, maize, or meat, and fuels and oils, which tend to be in high demand during the expansionary phases of the business cycle (Ceppi, 2018; Chena, 2014).…”