An exploration of the interdependencies betweeen the real exchange rate andthe size of the tradable sector in a small open economy

Abstract: The complex interdependences between the real exchange rates and the size of the tradable goods sector have not been fully explored in the existing literature. This article aims to full this gap by developing a neo-classical Australian general equilibrium model to further explore these...

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Detalles Bibliográficos
Autores principales: Zarzosa Valdivia, Fernando, Pentecost, Eric J.
Formato: Artículo
Lenguaje:Inglés
Publicado: Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Centro de Estudios de Economía y Cultura 2022
Materias:
TIPO DE CAMBIO
CAMBIO DE MONEDA
PRODUCTIVIDAD
DEUDA
GANANCIAS
Acceso en línea:https://repositorio.uca.edu.ar/handle/123456789/14361
Aporte de:
Repositorio Institucional de la Universidad Católica Argentina (UCA) de Universidad Católica Argentina
id I33-R139-123456789-14361
record_format dspace
institution Universidad Católica Argentina
institution_str I-33
repository_str R-139
collection Repositorio Institucional de la Universidad Católica Argentina (UCA)
language Inglés
topic TIPO DE CAMBIO
CAMBIO DE MONEDA
PRODUCTIVIDAD
DEUDA
GANANCIAS
spellingShingle TIPO DE CAMBIO
CAMBIO DE MONEDA
PRODUCTIVIDAD
DEUDA
GANANCIAS
Zarzosa Valdivia, Fernando
Pentecost, Eric J.
An exploration of the interdependencies betweeen the real exchange rate andthe size of the tradable sector in a small open economy
topic_facet TIPO DE CAMBIO
CAMBIO DE MONEDA
PRODUCTIVIDAD
DEUDA
GANANCIAS
description Abstract: The complex interdependences between the real exchange rates and the size of the tradable goods sector have not been fully explored in the existing literature. This article aims to full this gap by developing a neo-classical Australian general equilibrium model to further explore these linkages and to explain the impact of total factor productivity, factor endowments, terms of trade and debt services (net of transfers and/or aid flows) on the equilibrium real exchange rate and the size of the tradable sector. Measuring changes in the allocation of resources by changes in the share of tradable goods in GDP, we show that in addition to the well-known spending and resource movement effects, that there are four further separately identifiable effects, which we refer to as the extraordinary profit effect, the traded price effect, the expenditure movement effect and the debt substitution effect. The relative strengths of these additional effects help to determine the size of the tradable goods sector and hence the economic structure of a small open economy.
format Artículo
author Zarzosa Valdivia, Fernando
Pentecost, Eric J.
author_facet Zarzosa Valdivia, Fernando
Pentecost, Eric J.
author_sort Zarzosa Valdivia, Fernando
title An exploration of the interdependencies betweeen the real exchange rate andthe size of the tradable sector in a small open economy
title_short An exploration of the interdependencies betweeen the real exchange rate andthe size of the tradable sector in a small open economy
title_full An exploration of the interdependencies betweeen the real exchange rate andthe size of the tradable sector in a small open economy
title_fullStr An exploration of the interdependencies betweeen the real exchange rate andthe size of the tradable sector in a small open economy
title_full_unstemmed An exploration of the interdependencies betweeen the real exchange rate andthe size of the tradable sector in a small open economy
title_sort exploration of the interdependencies betweeen the real exchange rate andthe size of the tradable sector in a small open economy
publisher Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Centro de Estudios de Economía y Cultura
publishDate 2022
url https://repositorio.uca.edu.ar/handle/123456789/14361
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