Devaluación, balanza comercial y términos del intercambio : Un análisis de equilibrio parcial

In the present paper, the effects of a devaluation on the variables related to the foreign sector of the economy are studied according to the so-called "elasticities approach". Following a precise formulation of the assumptions embodied in the model, the results concerning the quantity of...

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Autor principal: Núñez Miñana, Horacio
Formato: Articulo
Lenguaje:Español
Publicado: 1967
Materias:
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/8954
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id I19-R120-10915-8954
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Español
topic Ciencias Económicas
exportación
equilibrio económico
importación
spellingShingle Ciencias Económicas
exportación
equilibrio económico
importación
Núñez Miñana, Horacio
Devaluación, balanza comercial y términos del intercambio : Un análisis de equilibrio parcial
topic_facet Ciencias Económicas
exportación
equilibrio económico
importación
description In the present paper, the effects of a devaluation on the variables related to the foreign sector of the economy are studied according to the so-called "elasticities approach". Following a precise formulation of the assumptions embodied in the model, the results concerning the quantity of exports and imports, the prices of exportables and importables, the value of exports and imports, the balance of trade (both in domestic and in foreign currencies), and the terms of trade are derived. The LERNER case in which both supply elasticities are assumed infinitely large is studied; it is shown that the MARSHALL-LERNER condition (that the sum of the demand elasticities be greater than unity) becomes a necessary condition for the improvement in the trade balance in this special case, because the terms of trade will suffer the largest deterioration compatible with normal demand and supply elasticities coefficients. Alternative formulae using, on one hand only two elasticities, and on the other hand eight elasticities, are presented in order to complete the analysis. Finally, a brief discussion of the crucial assumptions of the present model is presented.
format Articulo
Articulo
author Núñez Miñana, Horacio
author_facet Núñez Miñana, Horacio
author_sort Núñez Miñana, Horacio
title Devaluación, balanza comercial y términos del intercambio : Un análisis de equilibrio parcial
title_short Devaluación, balanza comercial y términos del intercambio : Un análisis de equilibrio parcial
title_full Devaluación, balanza comercial y términos del intercambio : Un análisis de equilibrio parcial
title_fullStr Devaluación, balanza comercial y términos del intercambio : Un análisis de equilibrio parcial
title_full_unstemmed Devaluación, balanza comercial y términos del intercambio : Un análisis de equilibrio parcial
title_sort devaluación, balanza comercial y términos del intercambio : un análisis de equilibrio parcial
publishDate 1967
url http://sedici.unlp.edu.ar/handle/10915/8954
work_keys_str_mv AT nunezminanahoracio devaluacionbalanzacomercialyterminosdelintercambiounanalisisdeequilibrioparcial
bdutipo_str Repositorios
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