Real exchange rate and economic complexity in a north-south structuralist BoPG model

Detalhes bibliográficos
Autor(a) principal: Luciano Ferreira Gabriel
Data de Publicação: 2018
Outros Autores: Fabricio Jose Missio
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UFMG
Texto Completo: https://doi.org/10.13133/2037-3643/14581
http://hdl.handle.net/1843/55015
Resumo: The main objective of this work is to analyze theoretically and empirically the interrelationships between the real exchange rate (RER) and the economic complexity level in a Keynesian-Structuralist framework for two regions, the (developed) North and the (developing) South. In the analysis presented here, the RER level matters for influencing the industrial (manufacturing) share of GDP as well as the GDP growth rate compatible with the balance-of-payments equilibrium. Higher levels of economic complexity influence the South growth rate, depending on the effects of innovation, knowledge stock, and human capital on international trade. The empirical evidence in panel data suggests that undervalued RER and a higher manufacturing share in the developing-countries sample exhibit positive and significant effects on the economic complexity level.
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spelling 2023-06-16T19:08:33Z2023-06-16T19:08:33Z201871287441466https://doi.org/10.13133/2037-3643/145812037-3635http://hdl.handle.net/1843/55015The main objective of this work is to analyze theoretically and empirically the interrelationships between the real exchange rate (RER) and the economic complexity level in a Keynesian-Structuralist framework for two regions, the (developed) North and the (developing) South. In the analysis presented here, the RER level matters for influencing the industrial (manufacturing) share of GDP as well as the GDP growth rate compatible with the balance-of-payments equilibrium. Higher levels of economic complexity influence the South growth rate, depending on the effects of innovation, knowledge stock, and human capital on international trade. The empirical evidence in panel data suggests that undervalued RER and a higher manufacturing share in the developing-countries sample exhibit positive and significant effects on the economic complexity level.O principal objetivo deste trabalho é analisar teórica e empiricamente as inter-relações entre a taxa de câmbio real (TCR) e o nível de complexidade econômica em um quadro keynesiano-estruturalista para duas regiões, o Norte (desenvolvido) e o Sul (em desenvolvimento). Na análise aqui apresentada, o nível da RER importa por influenciar a participação da indústria (manufatureira) no PIB, bem como a taxa de crescimento do PIB compatível com o equilíbrio do balanço de pagamentos. Níveis mais altos de complexidade econômica influenciam a taxa de crescimento do Sul, dependendo dos efeitos da inovação, do estoque de conhecimento e do capital humano no comércio internacional. A evidência empírica em dados de painel sugere que o RER subvalorizado e uma maior participação da manufatura na amostra de países em desenvolvimento exibem efeitos positivos e significativos no nível de complexidade econômica.engUniversidade Federal de Minas GeraisUFMGBrasilFCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICASPSL Quarterly ReviewCâmbioManufaturaManufacturingTechnological frontierReal exchange rateReal exchange rate and economic complexity in a north-south structuralist BoPG modelTaxa de câmbio real e complexidade econômica em um modelo BoPG estruturalista norte-sulinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttps://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/14581Luciano Ferreira GabrielFabricio Jose Missioinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFMGinstname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGLICENSELicense.txtLicense.txttext/plain; charset=utf-82042https://repositorio.ufmg.br/bitstream/1843/55015/1/License.txtfa505098d172de0bc8864fc1287ffe22MD51ORIGINALReal exchange rate and economic complexity in a North-South structuralist BoPG model.pdfReal exchange rate and economic complexity in a North-South structuralist BoPG model.pdfapplication/pdf652713https://repositorio.ufmg.br/bitstream/1843/55015/2/Real%20exchange%20rate%20and%20economic%20complexity%20in%20a%20North-South%20structuralist%20BoPG%20model.pdf5138e1420a86631628c61524c69d5cd0MD521843/550152023-06-16 17:13:54.599oai:repositorio.ufmg.br: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Repositório de PublicaçõesPUBhttps://repositorio.ufmg.br/oaiopendoar:2023-06-16T20:13:54Repositório Institucional da UFMG - Universidade Federal de Minas Gerais (UFMG)false
dc.title.pt_BR.fl_str_mv Real exchange rate and economic complexity in a north-south structuralist BoPG model
dc.title.alternative.pt_BR.fl_str_mv Taxa de câmbio real e complexidade econômica em um modelo BoPG estruturalista norte-sul
title Real exchange rate and economic complexity in a north-south structuralist BoPG model
spellingShingle Real exchange rate and economic complexity in a north-south structuralist BoPG model
Luciano Ferreira Gabriel
Manufacturing
Technological frontier
Real exchange rate
Câmbio
Manufatura
title_short Real exchange rate and economic complexity in a north-south structuralist BoPG model
title_full Real exchange rate and economic complexity in a north-south structuralist BoPG model
title_fullStr Real exchange rate and economic complexity in a north-south structuralist BoPG model
title_full_unstemmed Real exchange rate and economic complexity in a north-south structuralist BoPG model
title_sort Real exchange rate and economic complexity in a north-south structuralist BoPG model
author Luciano Ferreira Gabriel
author_facet Luciano Ferreira Gabriel
Fabricio Jose Missio
author_role author
author2 Fabricio Jose Missio
author2_role author
dc.contributor.author.fl_str_mv Luciano Ferreira Gabriel
Fabricio Jose Missio
dc.subject.por.fl_str_mv Manufacturing
Technological frontier
Real exchange rate
topic Manufacturing
Technological frontier
Real exchange rate
Câmbio
Manufatura
dc.subject.other.pt_BR.fl_str_mv Câmbio
Manufatura
description The main objective of this work is to analyze theoretically and empirically the interrelationships between the real exchange rate (RER) and the economic complexity level in a Keynesian-Structuralist framework for two regions, the (developed) North and the (developing) South. In the analysis presented here, the RER level matters for influencing the industrial (manufacturing) share of GDP as well as the GDP growth rate compatible with the balance-of-payments equilibrium. Higher levels of economic complexity influence the South growth rate, depending on the effects of innovation, knowledge stock, and human capital on international trade. The empirical evidence in panel data suggests that undervalued RER and a higher manufacturing share in the developing-countries sample exhibit positive and significant effects on the economic complexity level.
publishDate 2018
dc.date.issued.fl_str_mv 2018
dc.date.accessioned.fl_str_mv 2023-06-16T19:08:33Z
dc.date.available.fl_str_mv 2023-06-16T19:08:33Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1843/55015
dc.identifier.doi.pt_BR.fl_str_mv https://doi.org/10.13133/2037-3643/14581
dc.identifier.issn.pt_BR.fl_str_mv 2037-3635
url https://doi.org/10.13133/2037-3643/14581
http://hdl.handle.net/1843/55015
identifier_str_mv 2037-3635
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartof.none.fl_str_mv PSL Quarterly Review
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Universidade Federal de Minas Gerais
dc.publisher.initials.fl_str_mv UFMG
dc.publisher.country.fl_str_mv Brasil
dc.publisher.department.fl_str_mv FCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICAS
publisher.none.fl_str_mv Universidade Federal de Minas Gerais
dc.source.none.fl_str_mv reponame:Repositório Institucional da UFMG
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
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institution UFMG
reponame_str Repositório Institucional da UFMG
collection Repositório Institucional da UFMG
bitstream.url.fl_str_mv https://repositorio.ufmg.br/bitstream/1843/55015/1/License.txt
https://repositorio.ufmg.br/bitstream/1843/55015/2/Real%20exchange%20rate%20and%20economic%20complexity%20in%20a%20North-South%20structuralist%20BoPG%20model.pdf
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