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. The objective of this paper is to examine the impact of the real effective exchange rate (REER) on the deindustrialization …
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This paper models an economy in which it is costly to move resources between the tradeable and nontradeable sectors. The economy is subject to capital flows that are unpredictable and are perceived as having only limited persistence. The model shows that both the fact that capital flows are...
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We analyze the determinants of the deindustrialization of the Brazilian economy in the period between 1998 and 2017 …. This is a typical example of "premature deindustrialization" in the sense that the major reason for the fall in the …
Persistent link: https://www.econbiz.de/10012435644
This paper models an economy in which it is costly to move resources between the tradeable and nontradeable sectors. The economy is subject to capital flows that are unpredictable and are perceived as having only limited persistence. The model shows that both the fact that capital flows are...
Persistent link: https://www.econbiz.de/10012476468
financial-sector dominance – weakens domestic macroeconomic performance and results in premature deindustrialization. Similar … for exports as a result of induced premature deindustrialization). The result is a time-varying balance-of payments …
Persistent link: https://www.econbiz.de/10012948999