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Real exchange rate, mercantilism and the learning by doing externality

Aizenman, Joshua; Yi, Chae-u - In: Pacific economic review 15 (2010) 3, pp. 324-335

Persistent link: https://www.econbiz.de/10008701710

The real exchange rate, mercantilism and the learning by doing externality

Aizenman, Joshua; Yi, Chae-u - 2008

"This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...

Persistent link: https://www.econbiz.de/10003681919

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

Aizenman, Joshua - 2008

This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...

Persistent link: https://www.econbiz.de/10012772382

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

Aizenman, Joshua - 2008

Persistent link: https://www.econbiz.de/10012464794

China‘s great boom as a historical process

Brandt, Loren; Rawski, Thomas G. - 2020

Beginning in the late 1970s, China's economy delivered the largest growth spurt in recorded history. Striking … "China miracle" that requires neither economic nor historical analysis. This overlooks deep institutional constraints arising … from authoritarian rule and its supporting elite networks and fails to recognize the link between central government …

Persistent link: https://www.econbiz.de/10012373127