Structural real exchange rate and unemployment interdependencies in Argentina

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Based on a three-sector micro-founded model of a small open economy, this paper investigates the interdependences between the structural real exchange rate (defi ned as the relative prices tradable to non-tradable goods prices) and the unemployment rate with an application to Argentina. The empirica...

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Autores principales: Pentecost, Eric J., Zarzosa Valdivia, Fernando
Formato: article
Lenguaje:Inglés
Publicado: 2022
Materias:
Structural real exchange rate
Unemployment rate
Factor productivity
Capital endowments
Terms of trade
Acceso en línea:http://hdl.handle.net/11086/27347
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
id I10-R141-11086-27347
record_format dspace
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection Repositorio Digital Universitario (UNC)
language Inglés
topic Structural real exchange rate
Unemployment rate
Factor productivity
Capital endowments
Terms of trade
spellingShingle Structural real exchange rate
Unemployment rate
Factor productivity
Capital endowments
Terms of trade
Pentecost, Eric J.
Zarzosa Valdivia, Fernando
Structural real exchange rate and unemployment interdependencies in Argentina
topic_facet Structural real exchange rate
Unemployment rate
Factor productivity
Capital endowments
Terms of trade
description Based on a three-sector micro-founded model of a small open economy, this paper investigates the interdependences between the structural real exchange rate (defi ned as the relative prices tradable to non-tradable goods prices) and the unemployment rate with an application to Argentina. The empirical results suggest a signifi cant, negative relationship between the structural real exchange rate and the rate of unemployment, suggesting that an appreciating real exchange rate may lead to Dutch disease effects – which effectively contract the size of the manufacturing sector – and damage long-term growth and employment opportunities.
format article
author Pentecost, Eric J.
Zarzosa Valdivia, Fernando
author_facet Pentecost, Eric J.
Zarzosa Valdivia, Fernando
author_sort Pentecost, Eric J.
title Structural real exchange rate and unemployment interdependencies in Argentina
title_short Structural real exchange rate and unemployment interdependencies in Argentina
title_full Structural real exchange rate and unemployment interdependencies in Argentina
title_fullStr Structural real exchange rate and unemployment interdependencies in Argentina
title_full_unstemmed Structural real exchange rate and unemployment interdependencies in Argentina
title_sort structural real exchange rate and unemployment interdependencies in argentina
publishDate 2022
url http://hdl.handle.net/11086/27347
work_keys_str_mv AT pentecostericj structuralrealexchangerateandunemploymentinterdependenciesinargentina
AT zarzosavaldiviafernando structuralrealexchangerateandunemploymentinterdependenciesinargentina
bdutipo_str Repositorios
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