The real exchange rate and economic development

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Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía; Argentina.

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Autores principales: Rapetti, Martín, Skott, Peter, Razmi, Arslan
Formato: Artículo
Lenguaje:Inglés
Publicado: 2021
Materias:
Inversiones
Crecimiento
Economía
Acceso en línea:https://www.sciencedirect.com/science/article/abs/pii/S0954349X12000033
http://repositorio.cedes.org/handle/123456789/4613
https://doi.org/10.1016/j.strueco.2012.01.002
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Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad de Centro de Estudios de Estado y Sociedad (CEDES)
id I61-R167-123456789-4613
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spelling I61-R167-123456789-46132023-09-20T17:14:05Z The real exchange rate and economic development Rapetti, Martín Skott, Peter Razmi, Arslan Inversiones Crecimiento Economía Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía; Argentina. Fil: Skott, Peter. Department of Economics, University of Massachusetts; Estados Unidos. Fil: Razmi, Arslan. Department of Economics, University of Massachusetts; Estados Unidos. Recent empirical studies have found a robust correlation between competitive exchange rates and economic growth in developing economies. This paper presents (i) a formal model to help explain these findings and (ii) econometric evidence on the relation between investment and the real exchange rate. The model emphasizes the existence of (hidden) unemployment as a source of endogenous growth, even under constant returns to scale. Growth promoting policies, however, affect the external balance, and two instruments are needed in order to achieve targets for both the growth rate and the trade balance. The real exchange rate can serve as one of those instruments. The implications of the model for the relation between real exchange rates and the rate of capital accumulation find support in our econometric analysis. 2021-02-23T19:53:58Z 2021-02-23T19:53:58Z 2012-06 Artículo https://www.sciencedirect.com/science/article/abs/pii/S0954349X12000033 http://repositorio.cedes.org/handle/123456789/4613 https://doi.org/10.1016/j.strueco.2012.01.002 eng Structural Change and Economic Dynamics;Vol. 23, 2, pp. 151-169 (2012)
institution Centro de Estudios de Estado y Sociedad (CEDES)
institution_str I-61
repository_str R-167
collection Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad
language Inglés
topic Inversiones
Crecimiento
Economía
spellingShingle Inversiones
Crecimiento
Economía
Rapetti, Martín
Skott, Peter
Razmi, Arslan
The real exchange rate and economic development
topic_facet Inversiones
Crecimiento
Economía
description Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía; Argentina.
format Artículo
author Rapetti, Martín
Skott, Peter
Razmi, Arslan
author_facet Rapetti, Martín
Skott, Peter
Razmi, Arslan
author_sort Rapetti, Martín
title The real exchange rate and economic development
title_short The real exchange rate and economic development
title_full The real exchange rate and economic development
title_fullStr The real exchange rate and economic development
title_full_unstemmed The real exchange rate and economic development
title_sort real exchange rate and economic development
publishDate 2021
url https://www.sciencedirect.com/science/article/abs/pii/S0954349X12000033
http://repositorio.cedes.org/handle/123456789/4613
https://doi.org/10.1016/j.strueco.2012.01.002
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AT skottpeter therealexchangerateandeconomicdevelopment
AT razmiarslan therealexchangerateandeconomicdevelopment
AT rapettimartin realexchangerateandeconomicdevelopment
AT skottpeter realexchangerateandeconomicdevelopment
AT razmiarslan realexchangerateandeconomicdevelopment
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