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A recent body of empirical research has documented a strong association between the level and volatility of the RER and economic growth. This research has relied on a variety of econometric techniques applied to large cross-country data sets. Although the documented positive effects of both RER...
Persistent link: https://www.econbiz.de/10010457024
This document summarizes the thrust of my monograph book Disasters and the Networked Economy (2003, NY: Routledge. 228 pp. ISBN: 978-0-415-66629-9). It is no substitution for the book, but it attempts to make salient the main concepts, explanations and conclusions of it. It does so by first...
Persistent link: https://www.econbiz.de/10010368168
all variables, thus makes several explicit and novel predictions. This includes how income and inequality depend on …
Persistent link: https://www.econbiz.de/10012657999
Persistent link: https://www.econbiz.de/10011956950
The European Commission has set a target date of 2025 for Western Balkan EU accession, while also outlining a broader new strategy which includes Brussels taking a more active role in solving political disputes in the region, and upgrading infrastructure as part of the Berlin Process. We welcome...
Persistent link: https://www.econbiz.de/10012100229
The aim of this study is to evaluate the potential process of early deindustrialization in Brazil, or the reduction of the share of manufacturing in the added value, that occurred in a per capita income level that, according to the specialized literature, it is not justified. For this intent, we...
Persistent link: https://www.econbiz.de/10010330662
This paper evaluates the strategy of growth cum foreign savings adopted by many emerging countries, and its consequences. Bresser-Pereira and Nakano (2003) points out that there is in emerging countries a high rate of substitution of foreign and domestic savings during the process of influx of...
Persistent link: https://www.econbiz.de/10010330721
This paper aims at assessing the effects of real exchange rate overvaluation over the export composition for developing countries in a time span of 1970-2004. For this intent, it is estimated an exchange rate overvaluation index by using panel cointegration techniques (Dynamic Ordinary Least...
Persistent link: https://www.econbiz.de/10010330741
This paper analyzes the evolution of the share of imported intermediate goods in the production process and its influence on the share of manufacturing in value added for the Brazilian economy, covering the period span 1995-2008. In a first step, we estimate input-output matrices, at constant...
Persistent link: https://www.econbiz.de/10010330768
international trade, economic development and growth. We summarize the main conceptual issues, discuss the relevance of the RER as … an instrument of development policy, provide an overview of the macroeconomic and microeconomic mechanisms that link the … RER to trade and long run growth and development, analyze the challenges - especially the disconnect between theory and …
Persistent link: https://www.econbiz.de/10012388918