Real exchange rate and structural change: theory and empirical evidence
Fuente:
Redalyc
Saved in:
| Main Author: | |
|---|---|
| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad Nacional Autónoma de México
2022
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1876471721657106432 |
|---|---|
| author | Hugo C. Iasco Pereira |
| author_facet | Hugo C. Iasco Pereira |
| contents | Real exchange rate and structural change: theory and empirical evidence Hugo C. Iasco Pereira Fabrício J. Missio Economía y Finanzas industrialization Real exchange rate manufacturing sectors This paper analyses the influence of the real exchange rate (rer) on the productive structure. A contribution of this article is to sys-tematize and advance in the identification of the new transmission mechanisms through which the rer affects the productive structure. We show how these effects can be incorporated into the balance of payments constrained growth model. On the empirical level, the article assesses the association between the rer and structural change. A series of regressions was performed in a panel setting for various countries, using aggregated and sectorial databases. The estimates using the aggregated database suggest that a competitive rer fa-vours manufacturing. Regressions also indicate that a competitive rer is associated with a more diversified and complex productive structure. In turn, the estimates using a sectoral database point out that a competitive rer expands manufacturing activities, and this effect is associated with sectoral particularities. 2022 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60175438005 https://www.redalyc.org/journal/601/60175438005/ https://www.redalyc.org/journal/601/60175438005/html/ https://www.redalyc.org/journal/601/60175438005/60175438005.epub https://www.redalyc.org/journal/601/60175438005/movil 10.22201/fe.01851667p.2022.320.79285 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.320 Vol.LXXXI |
| format | Artículo científico |
| id | redalyc_60175438005 |
| institution | Redalyc |
| language | en |
| publishDate | 2022 |
| publisher | Universidad Nacional Autónoma de México |
| spellingShingle | Real exchange rate and structural change: theory and empirical evidence Hugo C. Iasco Pereira Economía y Finanzas industrialization Real exchange rate manufacturing sectors Real exchange rate and structural change: theory and empirical evidence Hugo C. Iasco Pereira Fabrício J. Missio Economía y Finanzas industrialization Real exchange rate manufacturing sectors This paper analyses the influence of the real exchange rate (rer) on the productive structure. A contribution of this article is to sys-tematize and advance in the identification of the new transmission mechanisms through which the rer affects the productive structure. We show how these effects can be incorporated into the balance of payments constrained growth model. On the empirical level, the article assesses the association between the rer and structural change. A series of regressions was performed in a panel setting for various countries, using aggregated and sectorial databases. The estimates using the aggregated database suggest that a competitive rer fa-vours manufacturing. Regressions also indicate that a competitive rer is associated with a more diversified and complex productive structure. In turn, the estimates using a sectoral database point out that a competitive rer expands manufacturing activities, and this effect is associated with sectoral particularities. 2022 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60175438005 https://www.redalyc.org/journal/601/60175438005/ https://www.redalyc.org/journal/601/60175438005/html/ https://www.redalyc.org/journal/601/60175438005/60175438005.epub https://www.redalyc.org/journal/601/60175438005/movil 10.22201/fe.01851667p.2022.320.79285 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.320 Vol.LXXXI |
| title | Real exchange rate and structural change: theory and empirical evidence |
| topic | Economía y Finanzas industrialization Real exchange rate manufacturing sectors |
| url | https://www.redalyc.org/articulo.oa?id=60175438005 https://www.redalyc.org/journal/601/60175438005/ https://www.redalyc.org/journal/601/60175438005/html/ https://www.redalyc.org/journal/601/60175438005/60175438005.epub https://www.redalyc.org/journal/601/60175438005/movil |