Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern
In this paper we present a regulationst structural macroeconometric model (RSMM) to develop economic forecasts and examine different policy outcomes in Argentina. RSMM main characteristics involve cumulative causation dynamics where income distribution, macroeconomic volatility, credit rationing and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
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| Series: | Revue de la Régulation |
| Subjects: | |
| Online Access: | https://journals.openedition.org/regulation/9705 |
| _version_ | 1797314903709581312 |
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| author | Demian Tupac Panigo Pablo Ignacio Chena |
| author_facet | Demian Tupac Panigo Pablo Ignacio Chena |
| author_sort | Demian Tupac Panigo |
| collection | DOAJ |
| description | In this paper we present a regulationst structural macroeconometric model (RSMM) to develop economic forecasts and examine different policy outcomes in Argentina. RSMM main characteristics involve cumulative causation dynamics where income distribution, macroeconomic volatility, credit rationing and productive heterogeneity conjugates to obtain a new instrument to precisely examine key macroeconomic and social variables. Available empirical results indicates: 1) the existence of dynamic increasing returns to scale; 2) the relevance of income distribution for investment, tax collection and public expenditures; 3) the significant influence of macroeconomic volatility on employment generation; 4) the strong effect of investment (positive) on imports and domestic consumption (negative) on exports; and 5) that price dynamics depends on wages and demand factors but also (and predominantly) on external variables and income policies. |
| first_indexed | 2024-03-08T02:52:55Z |
| format | Article |
| id | doaj.art-4155201f9322444cbd4ae6c5a680f5ea |
| institution | Directory Open Access Journal |
| issn | 1957-7796 |
| language | English |
| last_indexed | 2024-03-08T02:52:55Z |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj.art-4155201f9322444cbd4ae6c5a680f5ea2024-02-13T13:02:43ZengAssociation Recherche & RégulationRevue de la Régulation1957-77961110.4000/regulation.9705Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development PatternDemian Tupac PanigoPablo Ignacio ChenaIn this paper we present a regulationst structural macroeconometric model (RSMM) to develop economic forecasts and examine different policy outcomes in Argentina. RSMM main characteristics involve cumulative causation dynamics where income distribution, macroeconomic volatility, credit rationing and productive heterogeneity conjugates to obtain a new instrument to precisely examine key macroeconomic and social variables. Available empirical results indicates: 1) the existence of dynamic increasing returns to scale; 2) the relevance of income distribution for investment, tax collection and public expenditures; 3) the significant influence of macroeconomic volatility on employment generation; 4) the strong effect of investment (positive) on imports and domestic consumption (negative) on exports; and 5) that price dynamics depends on wages and demand factors but also (and predominantly) on external variables and income policies.https://journals.openedition.org/regulation/9705Argentinaregulation theorymacroeconometric structural modelnew development pattern |
| spellingShingle | Demian Tupac Panigo Pablo Ignacio Chena Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern Revue de la Régulation Argentina regulation theory macroeconometric structural model new development pattern |
| title | Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern |
| title_full | Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern |
| title_fullStr | Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern |
| title_full_unstemmed | Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern |
| title_short | Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern |
| title_sort | regulationist macro models for developing countries an application to the argentine new development pattern |
| topic | Argentina regulation theory macroeconometric structural model new development pattern |
| url | https://journals.openedition.org/regulation/9705 |
| work_keys_str_mv | AT demiantupacpanigo regulationistmacromodelsfordevelopingcountriesanapplicationtotheargentinenewdevelopmentpattern AT pabloignaciochena regulationistmacromodelsfordevelopingcountriesanapplicationtotheargentinenewdevelopmentpattern |