Structural Real Exchange Rates,Tradable Goods Share in GDP and Unemployment Rates in Argentina.
详细信息
- 作者：Zarzosa Valdivia ; Fernando Enrique.
- 学历：Doctor
- 年：2012
- 导师：Plasmans,Joseph,eadvisorPoeck,Andre van,eadvisor
- 毕业院校：Universiteit Antwerpen
- ISBN：9781267766762
- CBH：3533066
- Country：Belgium
- 语种：English
- FileSize：10255986
- Pages：202
文摘
＜italic＞Structural Real Exchange Rates,Tradable Goods Share in GDP and Unemployment Rates in Argentina＜/italic＞ presents a series of theoretical real exchange rate models which add to the existing analysis by closely looking at the distinction between importable manufacturing),exportable primary) and non-tradable goods procuring sectors of a stylized small economy. The empirical contribution of this work refers to the application of the theoretical relationships to the Argentinean economy for the period 1994-2011. Up to now,real exchange rate models derive only an equation for the equilibrium structural real exchange rate. The theoretical part of this dissertation,however,derives pre-equilibrium equations in which the endogenous feedbacks between the structural real exchange rate relative tradable to non-tradable price),the tradable goods share in GDP and the relative factor prices are stressed. Once these endogenous feedbacks have been taken into account,this thesis presents reduced-form equations not only for the structural real exchange rate,but also for the tradable goods share in GDP and the relative factor prices or unemployment in case of constant relative factor prices)； the relevant economic fundamentals are reflected by sector total factor productivities,factor endowments,terms of trade,government spending,debt service interest payments) and transfers. The evidence for Argentina suggests negative interdependences between the structural real exchange rate and the unemployment rate and that the linkages between the structural real exchange rates and the tradable goods share in GDP are negative positive) as the consumers producers) decision process suggests. Hence,the effect of economic policies should be evaluated by their impact on the interdependent and equilibrium relationships.