Real exchange rate and economic complexity in a North-South structuralist BoPG model
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 presente...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2018-12-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/14581/14177 |
| _version_ | 1818143834545061888 |
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| author | Luciano Ferreira Gabriel Fabrìcio José Missio |
| author_facet | Luciano Ferreira Gabriel Fabrìcio José Missio |
| author_sort | Luciano Ferreira Gabriel |
| collection | DOAJ |
| 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. |
| first_indexed | 2024-12-11T11:37:58Z |
| format | Article |
| id | doaj.art-91c10c2e4615499096c6c889ac79c49a |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-12-11T11:37:58Z |
| publishDate | 2018-12-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-91c10c2e4615499096c6c889ac79c49a2022-12-22T01:08:41ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432018-12-017128743946510.13133/2037-3643_71.287_4Real exchange rate and economic complexity in a North-South structuralist BoPG modelLuciano Ferreira GabrielFabrìcio José MissioThe 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.https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/14581/14177manufacturingtechnological frontierreal exchange rate |
| spellingShingle | Luciano Ferreira Gabriel Fabrìcio José Missio Real exchange rate and economic complexity in a North-South structuralist BoPG model PSL Quarterly Review manufacturing technological frontier real exchange rate |
| title | 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_short | 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 |
| topic | manufacturing technological frontier real exchange rate |
| url | https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/14581/14177 |
| work_keys_str_mv | AT lucianoferreiragabriel realexchangerateandeconomiccomplexityinanorthsouthstructuralistbopgmodel AT fabriciojosemissio realexchangerateandeconomiccomplexityinanorthsouthstructuralistbopgmodel |