Structural real exchange rate and unemployment interdependencies in Argentina
Based on a three-sector micro-founded model of a small open economy, this paper investigates the interdependences between the structural real exchange rate (defi ned as the relative prices tradable to non-tradable goods prices) and the unemployment rate with an application to Argentina. The empirica...
Guardado en:
Autores principales: | , |
---|---|
Formato: | article |
Lenguaje: | Inglés |
Publicado: |
2022
|
Materias: | |
Acceso en línea: | http://hdl.handle.net/11086/27347 |
Aporte de: |
id |
I10-R141-11086-27347 |
---|---|
record_format |
dspace |
institution |
Universidad Nacional de Córdoba |
institution_str |
I-10 |
repository_str |
R-141 |
collection |
Repositorio Digital Universitario (UNC) |
language |
Inglés |
topic |
Structural real exchange rate Unemployment rate Factor productivity Capital endowments Terms of trade |
spellingShingle |
Structural real exchange rate Unemployment rate Factor productivity Capital endowments Terms of trade Pentecost, Eric J. Zarzosa Valdivia, Fernando Structural real exchange rate and unemployment interdependencies in Argentina |
topic_facet |
Structural real exchange rate Unemployment rate Factor productivity Capital endowments Terms of trade |
description |
Based on a three-sector micro-founded model of a small open economy, this paper investigates the interdependences between the structural real exchange rate (defi ned as the relative prices tradable to non-tradable goods prices) and the unemployment rate with an application to Argentina. The empirical results suggest a signifi cant, negative relationship between the structural real exchange rate and the rate of unemployment, suggesting that an appreciating real exchange rate may lead to Dutch disease effects – which effectively contract the size of the manufacturing sector – and damage long-term growth and employment opportunities. |
format |
article |
author |
Pentecost, Eric J. Zarzosa Valdivia, Fernando |
author_facet |
Pentecost, Eric J. Zarzosa Valdivia, Fernando |
author_sort |
Pentecost, Eric J. |
title |
Structural real exchange rate and unemployment interdependencies in Argentina |
title_short |
Structural real exchange rate and unemployment interdependencies in Argentina |
title_full |
Structural real exchange rate and unemployment interdependencies in Argentina |
title_fullStr |
Structural real exchange rate and unemployment interdependencies in Argentina |
title_full_unstemmed |
Structural real exchange rate and unemployment interdependencies in Argentina |
title_sort |
structural real exchange rate and unemployment interdependencies in argentina |
publishDate |
2022 |
url |
http://hdl.handle.net/11086/27347 |
work_keys_str_mv |
AT pentecostericj structuralrealexchangerateandunemploymentinterdependenciesinargentina AT zarzosavaldiviafernando structuralrealexchangerateandunemploymentinterdependenciesinargentina |
bdutipo_str |
Repositorios |
_version_ |
1764820391617888257 |