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The real exchange rate and economic growth : some observations on the possible channels

Rapetti, Martín - 2013

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/10010209280

Autocracies and development in a global economy : a tale of two elites

Akerman, Anders; Seim, Anna Larsson; Naghavi, Alireza - 2011

favours openness to trade at an early stage of development, while an autocrat complying with the preferences of capitalists … maximize extractable rents, leading the economy towards stagnation. By contrast, a capitalist autocrat strengthens institutions … provide an environment of growth and development in the capital autocracy. …

Persistent link: https://www.econbiz.de/10011734484

Growing Through Trade : The Role of Foreign Growth and Domestic Tariffs

Álvarez-Albelo, Carmen D. - 2015

This paper studies the role of trading partner' growth and a domestic import tariff in the possibility of growing through trade. To this purpose, a Ricardian model is developed in which a backward economy seeks to increase its long-run growth rate simply by trading with a faster growing partner....

Persistent link: https://www.econbiz.de/10013012498

Market Regulation, Cycles and Growth in a Monetary Union

Abbritti, Mirko - 2019

We build a two-country currency union DSGE model with endogenous growth to assess the role of cross-country differences in product and labor market regulations for long-term growth and for the adjustment to shocks. We show that with endogenous growth, there is no reason to expect real income...

Persistent link: https://www.econbiz.de/10012867677

The real exchange rate and development : theory, evidence, issues, and challenges

Demir, Fırat; Razmi, Arslan - 2020

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/10012249638

The External Balance Assessment Methodology : 2018 Update

Cubeddu, Luis - 2019

The assessment of external positions and exchange rates is a key mandate of the IMF. This paperpresents the updated External Balance Assessment (EBA) framework-a key input in the conduct ofmultilaterally-consistent external sector assessments of 49 advanced and emerging marketeconomies-following...

Persistent link: https://www.econbiz.de/10012888758

On the Mechanics of Trade-Induced Structural Transformation

Dessy, Sylvain; Mbiekop, Flaubert; Pallage, Stephane - 2005

Gains from trade come a certain degree of specialisation among trade partners. Specialisation in the case of an agriculture-based developing country might be feared to imply a higher reliance than ever on low skill labour. Trade might thus be seen as a step away from the much awaited structural...

Persistent link: https://www.econbiz.de/10014061701