The industrial equilibrium exchange rate in Brazil: an estimation
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista de Economia Política |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000400007 |
Resumo: | This paper presents a methodology for calculating the industrial equilibrium exchange rate, which is defined as the one enabling exporters of state-of-the-art manufactured goods to be competitive abroad. The first section highlights the causes and problems of overvalued exchange rates, particularly the Dutch disease issue, which is neutralized when the exchange rate strikes the industrial equilibrium level. This level is defined by the ratio between the unit labor cost in the country under consideration and in competing countries. Finally, the evolution of this exchange rate in the Brazilian economy is estimated. |
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Revista de Economia Política |
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|
spelling |
The industrial equilibrium exchange rate in Brazil: an estimationexchange rateDutch diseasedeindustrializationeconomic developmentThis paper presents a methodology for calculating the industrial equilibrium exchange rate, which is defined as the one enabling exporters of state-of-the-art manufactured goods to be competitive abroad. The first section highlights the causes and problems of overvalued exchange rates, particularly the Dutch disease issue, which is neutralized when the exchange rate strikes the industrial equilibrium level. This level is defined by the ratio between the unit labor cost in the country under consideration and in competing countries. Finally, the evolution of this exchange rate in the Brazilian economy is estimated.Centro de Economia Política2012-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000400007Brazilian Journal of Political Economy v.32 n.4 2012reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572012000400007info:eu-repo/semantics/openAccessMarconi,Nelsoneng2013-01-21T00:00:00Zoai:scielo:S0101-31572012000400007Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2013-01-21T00:00Revista de Economia Política - EDITORA 34false |
dc.title.none.fl_str_mv |
The industrial equilibrium exchange rate in Brazil: an estimation |
title |
The industrial equilibrium exchange rate in Brazil: an estimation |
spellingShingle |
The industrial equilibrium exchange rate in Brazil: an estimation Marconi,Nelson exchange rate Dutch disease deindustrialization economic development |
title_short |
The industrial equilibrium exchange rate in Brazil: an estimation |
title_full |
The industrial equilibrium exchange rate in Brazil: an estimation |
title_fullStr |
The industrial equilibrium exchange rate in Brazil: an estimation |
title_full_unstemmed |
The industrial equilibrium exchange rate in Brazil: an estimation |
title_sort |
The industrial equilibrium exchange rate in Brazil: an estimation |
author |
Marconi,Nelson |
author_facet |
Marconi,Nelson |
author_role |
author |
dc.contributor.author.fl_str_mv |
Marconi,Nelson |
dc.subject.por.fl_str_mv |
exchange rate Dutch disease deindustrialization economic development |
topic |
exchange rate Dutch disease deindustrialization economic development |
description |
This paper presents a methodology for calculating the industrial equilibrium exchange rate, which is defined as the one enabling exporters of state-of-the-art manufactured goods to be competitive abroad. The first section highlights the causes and problems of overvalued exchange rates, particularly the Dutch disease issue, which is neutralized when the exchange rate strikes the industrial equilibrium level. This level is defined by the ratio between the unit labor cost in the country under consideration and in competing countries. Finally, the evolution of this exchange rate in the Brazilian economy is estimated. |
publishDate |
2012 |
dc.date.none.fl_str_mv |
2012-12-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000400007 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000400007 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/S0101-31572012000400007 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Centro de Economia Política |
publisher.none.fl_str_mv |
Centro de Economia Política |
dc.source.none.fl_str_mv |
Brazilian Journal of Political Economy v.32 n.4 2012 reponame:Revista de Economia Política instname:EDITORA 34 instacron:EDITORA_34 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
reponame_str |
Revista de Economia Política |
collection |
Revista de Economia Política |
repository.name.fl_str_mv |
Revista de Economia Política - EDITORA 34 |
repository.mail.fl_str_mv |
||cecilia.heise@bjpe.org.br |
_version_ |
1754122481348640768 |